Aartee Mishra is teaching live on Unacademy Plus
aily Lecture Series Ramesh Singh's) A brief Summary of Indian Economv Inflation and Business Cycle-D indi unacadeny By Aartee Mishra
lam Aartee Mishra Graduated from Delhi University, Topper in all my semesters, Pursuing P.G and preparing for CSE. 2 Years of teaching experience of General Studies for competitive examination Have been teaching on Unacademy Plus
DOUBLE-DIP RECESSION The concept of 'recession' in the USA and Euro Zone is quite precise and technical-'two consecutive quarters of falling GDP-is how it is defined in these economies. two consecutive quarters of falling The idea of the 'double-dip recession' is an extension of it. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession-the GDP growth sliding back to negative after a quarter or two of positive growth > The causes for such a recession vary but often include a slowdown in the demand for goods and services because of layoffs and spending cutbacks done in the previous downturn >A double-dip (which may be even 'triple-dip') is a worst-case scenario- fear/speculation of it moves the economy into a deeper and longer recession and recovery becomes too difficult. As the world saw in the case of the Euro Zone crisis-there was a fear of such a recession by first quarter of 2013.
ABENOMICS- Three Arrows of Abenomics' Fiscal Stimulus: The government has initiated a massive fiscal stimulus to encourage public and private investments in the desired areas of the economy-investment in public works/infrastructure (which are by now 50 years old and need heavy investments), fiscal, concessions to private sector companies which invest in research & development, create jobs, increase salary, etc. Quantitative Easing: The Bank of Japan (its Central bank) has been maintaining the official interest rate (like India's Repo Rate) near subzero to encourage lending by the banks. The aim is to double the amount of money in circulation by 2014 and reach the annual inflation target of 2 per cent. This makes the Japanese currency (Yen) to depreciate, too. Thus, this measure is intended to boost both domestic and external demands to propel the growth prospects of the economy. This measure, while at one hand increase the government expenditures, at the other it cuts the government's tax revenue, too leading to higher fiscal deficit. This measure revolves around the current strength of the economy to 'absorb' higher levels of inflation (which plays a major role in the growth process).
ABENOMICS- Three Arrows of Abenomics' Structural Reforms: Under this measure the govemment has promiseda competitiveness' of the economy and attaining a sustained growth path variety of deregulations in the economy, mainly aimed at increasing > This arrow still remains least concrete. By now, the government has set up a Group of Experts (mainly formed of CEOs of large, medium and small companies) that is supposed to propose suitable measures to the government in the next three years regarding required set of 'structural' reforms needed by the economy This measure also includes Japanese plan to join' TPP (Trans Pacific Partnership) and to go for a new FTA (Free Trade Agreement) between the countries in the Asis-Pacific region aimed at increasing its export potential
unacademy UPSC PLUS COURSES Most Important Topics of Entire GS REGISTER TODAY HURRY! ONLY A FEW SEATS LEFT AARTEE MISHRA
Comprehensive course of Art and Culture with Brief Indian History Comprehensively cover entire Art and Culture with Brief History Aartee Mishra of India Elaborately explain topics 24 detailed lessons covering all the essential topics related to History UPSC Civil Services Prelims and Mains Examination otho Art and Culture with Brief History from NCERT books Medieval History, Art & Culture from Tamil Nadu History book Course Starting from 18h June, ruam-12pm on At the end of the program adept and able to solve the exam Unacademy Plus based test papers
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