Faster economic growth led to newer opportunities for Corruption instead of Business, ones associated with specialisation and expansion of an economy have led to Politics instead of Economic Growth. Recently Mr. Arvind Kejriwal hit on our Son in law Mr Vadra , while currently our only hope for India's future, Mr Modi, was busy commenting on his Visa issues. Felt Strange,, why he has not yet hit on his favorite target, the Congress Party. While researching more on the deals of Mr. Vadra, came across this http://articles.timesofindia.indiatimes.com/2012-10-11/india/34385829_1_congress-s-gujarat-concessional-land-prime-land So whom to blame, in an developing economy, there are surely going to be loopholes.Cleansing has to start from within. Given an opportunity, a similar position, how many of us would not have done what Mr. Vadra has done. Is there a way out .. Yes. Curbing this mindless negativity would only be possible, if we replace this with a positive f...
Engel’s law is one of the most established law of economics Engel’s law of economics states that ‘Economic development involves an increase in national and per capita income and the consequent changes in the consumption pattern. A notable change in the pattern of consumption expenditure is expected due to change in per capita income. As the economy develops, the level of income of its people increases and they begin consuming larger quantity and superior quality products. This process though quite gradual brings about changes in the pattern of consumption over time. With the increasing incomes, accelerating urbanisation and improving value chains, the food consumption patterns in India have been dramatically altered in accordance to the Engel’s law. The Tenth Plan has emphasized the need for Nutrition Security with rapid increase in dietary diversification So with the increasing urbanisation in India, people would see more of vegetables and fruit consumption as compared to staple food ...
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