Labour productivity is an indicator of the efficiency of a country’s workforce, providing a measure of the average output generated per worker (or per hour worked).
As a result of the increase in life expectancy, the number of elderly people in India is expected to rise to 300 million (~20% of total population) by 2050.
According to PIB, the Food Processing Sector has emerged as an important segment of the Indian economy and it constitutes as much as 9.9 percent and 11.4 percent share of GVA in Manufacturing and Agriculture sector respectively in 2019-20 at 2011-12 prices.
India’s public distribution system (PDS) is the largest food security programme in the world, which covers nearly 60% of the population and costs Rs 1.45 trillion—close to 1.4% of the national income.
Inclusive growth is economic growth that is distributed fairly across society and creates opportunities for all.
United Nations defines public private partnerships as “innovative methods used by the public sector to contract with the private sector who bring their capital and their ability to deliver projects on time and to budget.
ADB aims to promote social and economic development in Asia and the Pacific. It is headquartered in Manila, Philippines.
Economy Simplified: Learn about Asian Development Bank (ADB). Read More »
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to improve economic and social outcomes in Asia.
Economy Simplified: Learn about Asian Infrastructure Investment Bank (AIIB). Read More »
The Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments
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IMF plays a central role in the management of balance of payments difficulties and international financial crises.
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