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Economic Survey 2018-19 - A review


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Demographic Dividend, Debt & Deposits

What is Demographic Dividend Demographic dividend refers to the growth in an economy that is the resultant effect of a change in the age structure of a country’s population. There are four main areas where a country can find demographic dividends: Savings : During the demographic period, personal savings grow and can be used to stimulate the economy. Labor supply : More workers are added to the labor force, including more women. Human capital : With fewer births, parents are able to allocate more resources per child, leading to better educational and health outcomes. Economic growth : GDP per capita is increased due to a decrease in the dependency ratio. Source - UNFPA [Graphic by Kaveen Kumar Saini/Mint] From this  graph, it is clear that the India's working age population (15-59) is around 57% in 2000 and will continue to be above 50% until 2060. So, in this span of 60 years we can have a maximum demographic dividend from our population. The peak of workin...
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Mamluk to Lodi - Some fancy tales of Delhi Sultante

Quṭb ud-Dīn Aibak : The first slave who became a Sultan Quṭb ud-Dīn Aibak was born to Turkic parents in Turkistan . In his childhood, Aibak was sold as a slave and raised at Nishapur, Persia, where he was purchased by the local Qazi. After the death of his master, he was sold by his master's son and eventually became a slave of Muhammad of Ghor who made him the Amir-i-Akhur , the Master of Slave. Eventually, Aibak was appointed to military command and became an able general of Muhammad of Ghor. In 1193 and after conquering Delhi, his master returned to Khorāsān and left the consolidation of the Ghūrid conquests in northwest India to him. When Muhammad of Ghor was assassinated in 1206, Aibak was his logical successor. He was still technically a slave, but he quickly obtained manumission . Later he founded Mamluk Dynasty, also known as slave dynasty. And later (again) he made his slave Iltutmish the Sultan of Delhi and married his daughter to him. Slave rocked ! ever...
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