What are the key economic indicators that impact the civil services exam syllabus?
Understanding the important economic parameters for exam preparation.
- Gross Domestic Product (GDP) - provides insights into a country's economic growth and overall health.
- Inflation Rate - understanding inflation helps in analyzing the purchasing power of a currency.
- Unemployment Rate - gives an idea of job market conditions and workforce dynamics.
- Interest Rates - impacts borrowing costs, investment decisions, and overall economic activity.
- Government Budget and Fiscal Deficit - important for understanding fiscal policies and government spending.
- Foreign Direct Investment (FDI) - helps in assessing global economic integration and investment climate.
- Trade Balance - understanding trade patterns, export-import dynamics, and their impact on the economy.
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