Home / Economy / News / Here are a few nuggets from Economic Survey in order to prevent frauds

Here are a few nuggets from Economic Survey in order to prevent frauds

Financial services exports have remained stagnant, averaging about $5 billion in recent years

Premium

3 min read Last Updated : Jan 31 2020 | 9:52 PM IST

Invisible hand of market…

The exponential rise in India’s GDP and GDP per capita after liberalisation coincides with wealth generation in the stock market
Sectors that were liberalised grew significantly faster than those that remained closed
Pro-business policies provide equal opportunities to new entrants, enable fair competition, and ease of doing business
Efficiently scale up the banking sector to be proportionate to the size of the Indian economy

…supported by ‘trust’ as a public good

Citizens can enjoy its benefits at no explicit financial cost
Non-rival consumption: The marginal cost of supplying this public good to an extra citizen is zero
Trust grows with repeated use and

Topics : Economic Survey online frauds financial services

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

Need More Information - write to us at assist@bsmail.in