Basic Indian Economic Data

1. Gross Domestic Product (GDP): In 2020-2021, India's GDP was approximately $2.7 trillion USD (nominal) and $9.4 trillion USD (PPP).

2. GDP Growth Rate: In the fiscal year 2020-2021, India's GDP contracted by 7.3% due to the impact of the COVID-19 pandemic. However, economic recovery is expected in subsequent years.

3. Inflation Rate: The inflation rate in India varies from year to year. In September 2021, the inflation rate stood at around 5.3%, which was higher than the previous year's average due to factors like rising fuel prices and supply chain disruptions caused by the pandemic.

4. Unemployment Rate: The unemployment rate in India can also vary over time. As of September 2021, the unemployment rate was around 8%, reflecting the impact of the pandemic on the job market.

5. Foreign Direct Investment (FDI): India has been an attractive destination for foreign investment. In 2020-2021, India received approximately $64 billion in FDI inflows.

6. Stock Market: The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are the two major stock exchanges in India. The stock market performance can fluctuate based on various factors, including economic conditions, corporate earnings, and global market trends.

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Directive Principles of State Policy Constitution of India

The Constitution of India includes Directive Principles of State Policy (DPSP) in Part IV (Articles 36-51). Unlike Fundamental Rights, which are justiciable and enforceable in courts, DPSPs are non-justiciable principles and guidelines for the government to formulate policies and make laws. They aim to establish social, economic, and political justice in the country and promote the welfare of the people. Although not enforceable by courts, they serve as a moral and political compass for the government. Here are some key provisions of the DPSP in the Constitution of India: 1. Promotion of Welfare: The state shall strive to promote the welfare of the people by securing and protecting, as effectively as it may, a social order in which justice, social, economic, and political, shall inform all institutions of national life (Article 38). 2. Social Justice: The state shall endeavor to promote the welfare of the people by securing and protecting a social order in which social, economic, and p...

Hayat Ashraf

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