Fortune Favours The Bold
🟠 Topic 32: MSMEs – Role, Policies & Challenges 📌 Introduction Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian economy, contributing significantly to employment generation, industrial output, and exports. They...
🟠 Topic 31: Industrial Policies – 1948, 1956, 1991 📌 Introduction Industrial Policy refers to the set of government strategies designed to promote industrial development, economic diversification, employment generation, and regional balance. India’s...
🟠 Topic 30: Doubling Farmers’ Income & Allied Activities 📌 Introduction In 2016, the Government of India set an ambitious target to double farmers’ income by 2022. While the target year has passed,...
🟠 Topic 29: Food Security & PDS System 📌 Introduction Food security is a critical element of economic development, ensuring that all individuals have access to sufficient, safe, and nutritious food. In a...
🟠 Topic 28: Pradhan Mantri Fasal Bima Yojana (PMFBY) 📌 Introduction Agriculture in India is highly vulnerable to weather shocks, pest attacks, and market volatility, making crop insurance essential for risk mitigation. In 2016,...
🟠 Topic 27: Agricultural Marketing & APMC 📌 Introduction Efficient agricultural marketing ensures that farmers get fair prices for their produce while consumers enjoy affordable prices and a steady supply of agricultural products....
🟠 Topic 26: Minimum Support Price (MSP) & Procurement Policy 📌 Introduction Minimum Support Price (MSP) and procurement policies form the foundation of India’s agricultural price support system. These instruments were introduced to...
🟠 Topic 25: Agricultural Credit & NABARD 📌 Introduction Agricultural credit plays a crucial role in rural development by enabling farmers to purchase seeds, fertilizers, machinery, and invest in irrigation and storage facilities....
🟠 Topic 24: Land Reforms in India 📌 Introduction Land is a fundamental asset in rural India, not just for economic productivity, but also as a source of social status and security. Post-independence,...
🟠 Topic 23: Green Revolution & Subsequent Revolutions 📌 Introduction The Green Revolution was a transformative period in Indian agriculture, beginning in the 1960s, which led to a dramatic increase in food grain...
🟠 Topic 22: Social Sector – Health, Education & Social Security 📌 Introduction The social sector plays a vital role in ensuring inclusive and sustainable development. It encompasses health, education, and social security systems,...
🟠 Topic 21: Unemployment – Types, Causes, and Trends 📌 Introduction Unemployment is a critical indicator of economic health and human development. It not only reflects the state of the labour market but...
🟠 Topic 20: Inequality – Lorenz Curve & Gini Coefficient 📌 Introduction Economic inequality refers to the unequal distribution of income, wealth, and opportunities within a society. While some level of inequality is...
🟠 Topic 19: Poverty – Estimates, Causes, and Solutions 📌 Introduction Poverty is one of the most persistent and complex challenges faced by India and many developing nations. Despite significant economic growth over the...
🟠 Topic 18: Human Development Index (HDI) and Other Indices 📌 Introduction Economic indicators like GDP growth provide only a partial picture of a nation’s progress. To get a comprehensive view of human...
🟠 Topic 17: Sustainable Development Goals (SDGs) 📌 Introduction The Sustainable Development Goals (SDGs) are a universal call to action adopted by all United Nations member states in 2015 to end poverty, protect...
🟠 Topic 16: Economic Growth vs Economic Development 📌 Introduction Economic progress is the primary objective of every nation, but it’s essential to distinguish between Economic Growth and Economic Development. These terms, often...
🟠 Topic 15: Demographic Dividend & Population Issues 📌 Introduction India’s demographic dividend has often been highlighted as one of its greatest opportunities — a large working-age population that can drive economic growth. However,...
🟠 Topic 14: Economic Survey & Union Budget – Importance and Trends 🔹 Introduction The Economic Survey and the Union Budget are two crucial documents that reflect the state of the Indian economy and...
🟠 Topic 13: Role of NITI Aayog 📌 Introduction NITI Aayog (National Institution for Transforming India) was established in January 2015, replacing the Planning Commission. It marked a paradigm shift in India’s approach...
🟠 Topic 12: Economic Planning in India – Five-Year Plans 📌 Introduction Economic planning refers to deliberate governmental efforts to influence, direct, and regulate the economy to achieve specific development objectives. For India,...
🟠 Topic 11: Evolution of Indian Economy – Pre & Post Independence 📌 Introduction The evolution of the Indian economy spans centuries, from a prosperous ancient economy to a colonial-dependent economy, and finally...
🟠 Topic 10: Economic Systems – Capitalist, Socialist, Mixed Economy 📖 Explanation (1000+ Words) 📌 Introduction An economic system defines how a country organizes its production, distribution, and consumption of goods and services....
🟠 Topic 9: Opportunity Cost and Trade-offs 📖 Explanation (1000+ Words) 📌 Introduction Every economic decision involves a choice. When you choose one option, you inevitably give up the opportunity to pursue the...
🟠 Topic 8: Factors of Production – Land, Labour, Capital, Enterprise 📖 Explanation (1000+ Words) 📌 Introduction The Factors of Production are the basic building blocks of economic activity. All goods and services...
