This estimate was based on a detailed analysis using tax data (specifically related to VAT and CST before GST) and served as important background information in the context of the impending Goods and Services Tax (GST) implementation, highlighting the size of the domestic market.
As per Economic Survey 2016 – 17, India's aggregate inter-state trade is about _____
Asked in GPSC Prelims CSP 2 2017 · Topic: Nature of Indian Economy (Openness of Economy and Integration with Global Markets)
More Economic Development questions
- Which of the following statements is/are incorrect regarding "India improved its rank to 77th in the Ease of Doing Business Index for the year 2018"? The biggest gain was in the indicator of Construction permits India now ranks first among the South Asian countries India now is among top 25 countries on three indicators getting electricity, getting credit and protecting minority investors.
- Economic reforms were initiated in 1991 and exports stepped up, at the same time, imports were also liberalised to ______.
- Under India's direct foreign investment policy, automatic route means _________.
- Which of the following reforms were undertaken under Washington consensus? 1. Promotion Capitalism 2. Opening of economies 3. Promoting Foreign Investment 4. Establishment of WTO Select the correct answer from the codes given below:
- Consider the following statements to explain the decrease in oil prices which are dependent on high prices and are almost all big oil producers including Saudi Arabia assuming a minimum base of normally 90 dollars per barrel to fulfill their financial obligations: (i) There is no shortage of oil in the world market, while the demand from the consumer class is not that much. (ii) Global economic recession is the main reason, although China's proposed annual economic growth rate is 7%, despite this, the growth rate in oil demand is negligible. (iii) Due to its low economic growth rate, no hope for demand growth can be expected from Europe either. Which of the above statement/s is/are correct?
- South Africa joined BRIC (Brazil, Russia, India, China) of the fastest growing economies in
- A 'closed economy' is an economy in which
- Which one of the following statements regarding the Association of South East Asian Nations (ASEAN) is not correct ? (a) ASEAN was established in the year 1967 in Bangkok by five member countries. (b) Singapore is one of the founder members of ASEAN. (c) India is sectorol dialogue partner of ASEAN. (d) ASEAN has ten members.