Important Points in Economic Survey of India 2022-2023

In general, global economic shocks in the past were severe but spaced out in time. This changed in the third decade of this millennium. At least three shocks have hit the global economy since 2020. It all started with the pandemic-induced contraction of the global output, followed by the Russian-Ukraine conflict leading to a worldwide […]

Important Points in Economic Survey of India 2022-2023 Read More »

Indian Budget 2023 for UPSC

Capital Outlay/ Capital Expenditure  —        expenditure by govt. (Central) on creating assets. [capital investment outlay for the third year in a row, by 33% to ₹ 10 lakh crore, which would be 3.3% of GDP and almost three times the outlay in 2019-20.] Effective Capital Expenditure  — The Grant-in-Aids to States are not counted in Capital Expenditure of

Indian Budget 2023 for UPSC Read More »