Case Study -NIA-Class 12-2022-Economics-CBSE

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Case Study-National Income Accounting

Class 12

CBSE

Read the following extract and answer the following questions

India may log a growth rate of eight per cent of real Gross Domestic Product (GDP) in FY23, said the former Vice-Chairman of NITI Aayog Arvind Panagariya. “I am willing to go out on a limb on this”, he said. The Professor of Economics and Jagdish Bhagwati Professor of Indian Political Economy at Columbia University said his estimate shall be way above the highest assessed by any research organisation or government agency for the year. The RBI estimate is 7 per cent with “risks broadly balanced around this baseline path”, the Bank has noted.

The National Statistical Office shall release the GDP data for the second quarter on 30th November.

Answer the following questions

Define the term GDP

Difference between real GDP and nominal GDP

Can real GDP be more than nominal GDP and vice versa -Comment

Link of the complete article

 https://www.business-standard.com/article/economy-policy/india-may-log-8-growth-rate-in-real-gdp-in-fy23-says-arvind-panagariya-122110501271_1.html

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Case Study -Class 09-12_Poverty_Indian Economics

 Newspaper in Education

Case Study

Class 09 - 12

Link of the article

Bogus construction workers

The above article talks about the registration of bogus construction workers and the benefit they have got in the process. It is a true example of corruption and failure of trickle down efffect

How much do you believe of it and how you can tackle these type of problems

Do comment