What is Macroeconomics? What does it study?

Macroeconomics is the branch of economics which studies an economy as a whole or at aggregate levels. Here economists study the market as a whole: the national, the local, the aggregate of firms (total) and the associated sectors. It also includes economic phenomenon such as production, trade, financial intermediation and includes discussions upon issues such …

India’s economic slowdown and what Economics has to say

India’s economic crisis can bring about the much needed reforms as Prime Minister Narendra Modi called for the country’s economic reforms within a week of assuming office in May and has made pretty good progress since then. But to bring economic shift, India will have to change the way it deals with its fiscal deficit, …

India’s population growth and economy : A comparison with China

One of the biggest and best indicators of India’s economic growth during the boom in the 80’s and 90’s was India’s young population growth. Between 1970 and 1997, India’s population grew on average by 6% per annum.  If you take India’s total growth rate and compare it to China and the US, you will see …

India’s trade and the recent policy changes under the Modi Government

India is a huge exporter of raw materials such as cotton, iron ore and wheat, will become more important as it becomes a large importer like China or the US as the global economy undergoes a major adjustment in the coming years. India is now the second largest trade partner for China after the US, …

India’s per-capita Income in comparison with the world

It is also the world’s leading country by per-capita income. India has, however, lagged behind on a number of key economic indicators, including GDP growth rate, inflation, etc. As a matter of fact, India’s per-capita income is higher in comparison with other developing nations such as China which can be mainly compared with that of …