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Vikas Divyakirti was born on 26 December 1973 in Bhiwani, Haryana.He completed his early schooling in Hindi medium at Halwasia Vidhya Vihar. After completing his schooling, he studied at Zakir Husain Delhi College, pursuing a Bachelor of Commerce (honors) degree.
Economists criticized the plan on technical grounds; cf. [6] that it did not take into account the fact that creating capital had an inflationary effect, and with that, its authors had overestimated the capacity of the Indian economy to generate further capital. With rising prices, the purchasing power (for investments) would fall.
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 119th by GDP (PPP) . [ 58 ]
to promote common economic policies in all vital spheres and; to ensure the balanced and rapid development of all parts of the country; to provide social amenities like education, medical care, social services, etc. to the citizens of the country [3] to improve in living standard of the people [4] to increase in per capita income [5]
1989–91 was a period of economic instability in India and hence no Five-Year Plan was implemented. Between 1990 and 1992, there were only Annual Plans. In 1991, India faced a crisis in foreign exchange (forex) reserves, left with reserves of only about US$ 1 billion. Thus, under pressure, the country took the risk of reforming the socialist ...
The Indian economy was controlled under the rule of the British East India Company from 1757 to 1858. This period mainly involved British protectionist policies, restricting sales of Indian goods and services within Britain while flooding Indian markets with low cost British goods and services, including the introduction of machine-made goods ...
The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India.In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.
[21] [24] General economic recovery under Gandhi led to an average inflation at 6.5% from 1981–82 to 1985–86; the lowest since the beginning of India's inflation problems in the 1960s. [ 25 ] Unemployment stayed constant at 9% over a nine-year period (1971–80) before declining to 8.3% in 1983.