Introduction Indian Economy is the eleventh largest economy in the world by nominal GDP and the fourth largest economy in the world by purchasing power parity (PPP). India was under social democratic based government under 1947 to 1991. This economy was based on public ownership and protectionism with slow growth rate. Since 1991, India changed […]
Welcome Back, Socialism
World have seen a lot of global recessions. Two of the famous one is The Great Depression of 1929 and the other one is recent 2007-09. Both have shown a large impact on world economy. But, in each of these recessions, there was a nation which has shown no effects of depression. In 1929 depression, […]