GS III: Indian Economy and issues relating to planning, mobilisation of resources, growth, development and employment.
When being clever is not enough.
Allocation of resources does not determine economic fate.
- Experts say many countries lagging behind in prosperity and technological advancement are mostly lacking entrepreneurial spirit.
- However economist William J. Baumol in his paper ‘Entrepreneurship: Productive,Unproductive and Destructive’ argued that just because a country maybe advanced does not mean it will lead to prosperity.
Continue reading “16th May 2017, Editorial – The Hindu”
GS III: Inclusive growth and issues arising from it.
GS II: Welfare schemes for the vulnerable sections of the population by the Centre & States and the performance of these schemes.
Flight of the Common Man
- UDAN – Ude Desh ka Aam Nagrik
- Objective is to ensure affordability, connectivity, growth and development.
- Who stands to benefit?
- Citizens would get the benefit of affordability, connectivity and more jobs. The Centre would be able to expand the regional air connectivity and market.
- The state governments would reap the benefit of development of remote areas, enhance trade and commerce and more tourism expansion.
- For incumbent airlines there was the promise of new routes and more passengers.
- For start-up airlines there is the opportunity of new, scalable business.
- Airport operators will also see their business expanding as would original equipment manufacturers.
Continue reading “04th May 2017, Editorial – Hindu”