Indian Economy
One of the reasons for India's occupational structure remaining more or less the same over the years has been that

ceiling on land holdings have enabled more people to own land and hence their preference to stay wit
investment pattern has been directed towards capital intensive industries
productivity in agriculture has been high enough to induce people to stay with agriculture
people are largely unaware of the significance of transition from agriculture to industry for econom

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to lend more easily for industrial development
to reduce the freedom given to banks to rationalize their existing branch network
to setup more foreign exchange banks
to govern entry of new private sector banks to make the banking sector more competitive

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Indian Economy
The budget deficit means

fiscal deficit less interest payments
difference between revenue receipts and revenue expenditure
difference between all receipts and all the expenditure
the excess of total expenditure, including loans, net of lending over revenue receipts

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