PolEcho

  India's growth in terms of economic values is often debated whenever the opportunity arises—whether it is being flattered by UPI's success story when you pay a vegetable vendor, or while watching heated political debates on news channels.   Recent remarks from Donald Trump about the “dead economy” of India have triggered a furious response from the government and its supporters, including the Godi media. On the other hand, the opposition and its supporters, along with the Lutyens' media, have welcomed his comments with support.   In our view, if someone calls our economy dead—and that too a person who is the head of a state like the USA—it should not turn into a blame game. Instead, we should unite and introspect. If something is indeed going seriously wrong, we must acknowledge and fix it. And if we are on the right path, we should continue with confidence, without being overly conscious of what is said about us.   Today, we will analyse and introspe...

Gross National Income (GNI) is the total monetary value of all final goods and services produced by the residents of a country during a specific period, usually a year. It is calculated as GDP (production within the country’s borders) plus income earned by residents from abroad (remittances, overseas wages, foreign investments, etc.) minus income earned domestically by non-residents (profits of foreign companies, wages of foreign workers, etc.).   Types of GNI 1.        Nominal GNI : GNI measured at current market prices, without adjusting for inflation. It can rise simply due to higher prices, even if actual income has not increased. 2.        Real GNI : GNI adjusted for inflation, measured at constant prices of a base year. It shows the actual change in residents’ income by removing the effect of price changes.   Common Misconceptions about GNI GNI means GDP : GNI and GDP are not the same. GDP measures...

Gross Domestic Product (GDP) is the total monetary value of all final goods and services produced within a country’s borders during a specific period, usually a quarter or a year. It is one of the most widely used indicators to measure the size, growth, and performance of an economy.     Types of GDP 1.        Nominal GDP: GDP measured at current market prices, without adjusting for inflation. It can rise simply due to higher prices, even if actual production has not increased. 2.        Real GDP : GDP adjusted for inflation, measured at constant prices of a base year. It shows the actual increase in production by removing the effect of price changes.     Common Misconceptions about GDP ·          GDP means national wealth : GDP does not measures the total wealth or assets of a country. GDP measures the flow of goods and services in a period, not the ...

We are pleased to announce an initiative named PolEcho, which is created to gain access to the world that is often left behind in catchy headlines and noisy agenda-driven narratives. It is almost impossible to find even one piece of information from any source today where you can bet on its credibility and integrity. No matter what news channel you watch or which newspaper you read, everyone is biased towards someone or the other—sometimes intentionally and sometimes unintentionally. We will not be a news website that breaks news or covers current happenings. Instead, we will step away from the fast-paced, noisy news studios to cover and analyze the things that really matter to you—things that were promised in political campaigns, government schemes, and economic numbers. We will keep announcements and promises in check. We will deep dive into government schemes such as PMJJY, Make in India, Aatmanirbhar Bharat, and more. We will try to understand why the common man still struggles to ...