In the middle of the eighteenth century, the physician-turned-economist François Quesnay devised a quantitative model of the economy, among the first of its kind and a precursor to present-day GDP.

GDP isn’t just a quarterly headline, as it shapes fiscal ratios, influences monetary policy, and signals macroeconomic stability. Therefore, when the base year changes, the story of growth may also ...

Learn the key economic concepts for UPSC Prelims 2026 including inflation, GDP, and repo rate. Understand definitions, importance, and how these topics appear in the UPSC Civil Services Examination.

Companies want to keep their biggest customers happy, so they often provide accommodations to do so. And, as it turns out, the government — if it doesn’t already do so — probably wishes it did because ...