Economics

What Happens When The Economy Is In A Recession?

A recession is a period of economic contraction during which businesses experience lower demand and lose money. Companies begin laying off people in order to decrease costs and halt losses, resulting in rising unemployment rates. Re-employing individuals in new positions is a time-consuming and flexible process that faces certain specific problems due to the nature […]

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What Percentage Of GDP Is Spent On Healthcare In India?

In the aftermath of the Covid-19 outbreak, a major budgetary increase for the healthcare sector pushed India’s health expenditure to 2.1 percent of GDP for the first time, putting it closer to the government’s national goal. According to the Economic Survey 2021-22, the central and state governments’ budgeted expenditure on the health sector in the

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