MPPSC MAINS 2024 Paper-III

Points to Remember: The Index of Industrial Production (IIP) in India is calculated using three major sub-sectors: Mining, Manufacturing, and Electricity. Understanding the weight and contribution of each sector is crucial for interpreting the IIP data. Introduction: The Index of Industrial Production (IIP) is a key economic indicator that measures the growth rate of various … Read more

Points to Remember: The four pillars of “Make in India” are not explicitly and universally defined in a single official document. Different interpretations exist. This answer will explore the most commonly cited and impactful pillars. The initiative’s success depends on the effective implementation of these pillars. Introduction: Launched in 2014, the “Make in India” initiative … Read more

Points to Remember: The GDP deflator measures the overall price level of domestically produced goods and services. It’s a broad measure of inflation, different from the Consumer Price Index (CPI). It’s calculated by comparing nominal GDP to real GDP. It’s used to adjust nominal GDP to arrive at real GDP. It provides insights into the … Read more