GPSC Prelims and Mains Notes, GPSC Test Series
. The rise of the liberal international order has been a major factor in the growing movement of people across borders, whether for purposes of supply chains and distribution networks, international finance and the flow of money, employment, study or tourism. But this globalization has also allowed the entire world to be much more aware … Read more DMPQ-Discuss the future of globalization amid the pandemic crisis.
Exchange rates in the ideal sense be a reflection of differences in purchasing power of economies on account of various factors. However, this is true only if the entire global world had free trade, without any restrictions, ability of goods to move across geographies without any hindrance, similar like a bird flying, ability to reach … Read more DMPQ-Explain how exchange Rate and Purchasing Power Parity effect each other.
. First, India’s imports comprises of essentials such as crude petroleum, machineries and fertilizers which become expensive raising their prices facilitating ‘import’ of inflation. India is very susceptible to a stubborn and sticky inflation. It hurts the masses in terms of across the board higher prices. All imports become expensive including raw materials, goods and … Read more DMPQ- . Throw light on the implications of rupee depreciation on Indian economy.