Economic development in IndiaThe economic development in India followed socialist-inspired politicians for most of its independent history, including state-ownership of many sectors; India's per capita income increased at only around 1% annualised rate in the three decades after its independence. Since the mid-1980s, India has slowly opened up its markets through economic liberalisation. After more fundamental reforms since 1991 and their renewal in the 2000s, India has progressed towards a free market economy.
Nuclear power in IndiaNuclear power is the fifth-largest source of electricity in India after coal, gas, hydroelectricity and wind power. , India has 22 nuclear reactors in operation in 8 nuclear power plants, with a total installed capacity of 7,380 MW. Nuclear power produced a total of 43 TWh in 2020–21, contributing 3.11% of total power generation in India (1,382 TWh). 10 more reactors are under construction with a combined generation capacity of 8,000 MW. In October 2010, India drew up a plan to reach a nuclear power capacity of 63 GW in 2032.
History of the Republic of India (1947–present)The history of independent India began when the country became an independent nation within the British Commonwealth on 15 August 1947. Direct administration by the British, which began in 1858, affected a political and economic unification of the subcontinent. When British rule came to an end in 1947, the subcontinent was partitioned along religious lines into two separate countries—India, with a majority of Hindus, and Pakistan, with a majority of Muslims.
Manmohan SinghManmohan Singh (mənˈmoːɦən ˈsɪ́ŋɡ; born 26 September 1932) is an Indian politician, economist, academician and bureaucrat who served as the 13th Prime Minister of India from 2004 to 2014. He is the third longest-serving prime minister after Jawaharlal Nehru and Indira Gandhi. A member of the Indian National Congress, Singh was the first Sikh and non-Hindu prime minister of India. He was also the first prime minister since Jawaharlal Nehru to be re-elected after completing a full five-year term.
PrayagrajPrayagraj (; ˈpreɪəˌɡrædʒ,_'praɪə-); formerly Allahabad or Ilahabad or Prayag, is a metropolis in the Indian state of Uttar Pradesh. It is the administrative headquarters of the Prayagraj district—the most populous district in the state and 13th most populous district in India—and the Prayagraj division. The city is the judicial capital of Uttar Pradesh with the Allahabad High Court being the highest judicial body in the state. Prayagraj is the seventh most populous city in the state, thirteenth in Northern India and thirty-sixth in India, with an estimated population of 1.
BRICSBRICS is a grouping of the world economies of Brazil, Russia, India, China, and South Africa formed by the 2010 addition of South Africa to the predecessor BRIC. The original acronym "BRIC", or "the BRICs", was coined in 2001 by Goldman Sachs economist Jim O'Neill to describe fast-growing economies that would collectively dominate the global economy by 2050. The BRICS have a combined area of and an estimated total population of about 3.21 billion, or about 26.7% of the world's land surface and 41.
Import substitution industrializationImport substitution industrialization (ISI) is a trade and economic policy that advocates replacing foreign imports with domestic production. It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. The term primarily refers to 20th-century development economics policies, but it has been advocated since the 18th century by economists such as Friedrich List and Alexander Hamilton.
Financial centreA financial centre (financial center in American English) or financial hub is a location with a concentration of participants in banking, asset management, insurance or financial markets with venues and supporting services for these activities to take place. Participants can include financial intermediaries (such as banks and brokers), institutional investors (such as investment managers, pension funds, insurers, and hedge funds), and issuers (such as companies and governments).
Education in IndiaEducation in India is primarily managed by the state-run public education system, which falls under the command of the government at three levels: central, state and local. Under various articles of the Indian Constitution and the Right of Children to Free and Compulsory Education Act, 2009, free and compulsory education is provided as a fundamental right to children aged 6 to 14. The approximate ratio of the total number of public schools to private schools in India is 10:3.
World economyThe world economy or global economy is the economy of all humans of the world, referring to the global economic system, which includes all economic activities which are conducted both within and between nations, including production, consumption, economic management, work in general, exchange of financial values and trade of goods and services. In some contexts, the two terms are distinct "international" or "global economy" being measured separately and distinguished from national economies, while the "world economy" is simply an aggregate of the separate countries' measurements.
