Inflation and Statistics - Class 11/12/CBSE/Economics/Newspaper in use

Date - 20/June/21

Key Words

Inflation

Statistics

Presentation

Tabulation

Price Rise

Effect of price rise

Use of statistics

Data Analysis

Article reading

Newspaper in use

India ranks 43 on competitiveness index-Lesson Plan-Economics-Class 09-12/General Reading

#lesson

#plan

#growth

#index

#debate

The lesson starts with the reading of this paragraph taken from The Mint -Dated 18/6/2021

India’s position has remained unchanged at 43 for the third year in a row in the World Competitiveness Ranking by Switzerland-based Institute for Management Development (IMD). 

The annual ranking of 64 countries assesses the extent to which a country promotes the prosperity of its people by measuring economic well-being through hard data and survey responses from executives. 

Among the four indices used, India’s ranking in government efficiency increased to 46 from 50 a year ago, while its ranking in other parameters such as economic performance (37), business efficiency (32) and infrastructure (49) remained the same.

The student can read this article in detail

Discussion based questions

Q1 What is the most important factors which you think can affect economic growth?

Q2 How much role does government plays in improving this index?

The students can also look at the graph as presentation of data and staistics