ECONOMIC DEVELOPMENT

What is Economic development?

Economic developmentis a process through which the overall education, well-being, health, income and living standards of the general population improves. This is where the economy will gradually grow, change and become advanced.
Economic development is the priority of local, state and federal government as it will lead towards an upgrading in innovation and new ideas, higher literacy rates, creation of jobs, improved environment, creation of higher wealth, labor support and better quality of life.

Development economic is the study of economic development.


Difference between Economic development and Economic Growth:

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Economic Growth: Economic Growth is all about expanding the size of the economy bigger.
Here GDP is the sum of all economic activity in a nation over a specific period.

Economic Development:
Economic Development look into how the citizens are affected in a country.Apart from the living standards it also look into the freedom to enjoy their living standards.
Here GDP is divided by the total population.

Important perspectives in Economic development are:
*Average life expectancy
*Education Standards
*Literacy rates
*Environmental standards
*Availability of houses for living and their quality
*Health care.It also includes the number of doctors available and the affordable medicines for their treatments.
*Income per capita

Economic growth is a crucial condition for development. However, just growth is not enough because it cannot guarantee development.
Amartya Kumar Sen, an Indian economist and philosopher, who received the Nobel Memorial Prize in Economic Sciences, once said:
“Economic development is about creating freedom for people and removing obstacles to greater freedom. Greater freedom enables people to choose their own destiny.”
“Obstacles to freedom, and hence to development, include poverty, lack of economic opportunities, corruption, poor governance, lack of education and lack of health.”

Policies of Economic development:
It can be encompass into three major cases:
• Governments undertaking to meet broad economic objectives such as price stability, high employment, and sustainable growth. Such efforts include monetary and fiscal policies, regulation of financial institutions, trade, and tax policies.
• Programs that provide infrastructure and services such as highways, parks, affordable housing, crime prevention, and K–12 education.
• Job creation and retention through specific efforts in business finance, marketing, neighborhood development, workforce development, small business development, business retention and expansion, technology transfer, and real estate development. This third category is a primary focus of economic development professionals.
Contractionary monetary policy is a tool used by central banks to slow down a country’s economic growth. An example would be raising interest rates to decrease lending. In the United States, the use of contractionary monetary policy has increased women’s unemployment.
One growing understanding in economic development is the promotion of regional clusters and a thriving metropolitan economy.
International trade and exchange rates are a key issue in economic development. Currencies are often either under-valued or over-valued, resulting in trade surpluses or deficits. Furthermore, the growth of globalization has linked economic development with trends on international trade and participation in global value chains (GVCs) and international financial markets. The last financial crisis had a huge effect on economies in developing countries. Economist Jayati Ghosh states that it is necessary to make financial markets in developing countries more resilient by providing a variety of financial institutions. This could also add to financial security for small-scale producers .

Organisations of Economic Development:
Economic development has evolved into a professional industry of highly specialized practitioners. The practitioners have two key roles: one is to provide leadership in policy-making, and the other is to administer policy, programs, and projects. Economic development practitioners generally work in public offices on the state, regional, or municipal level, or in public–private partnerships organizations that may be partially funded by local, regional, state, or federal tax money. There are numerous other organizations whose primary function is not economic development that work in partnership with economic developers. They include the news media, foundations, utilities, schools, health care providers, faith-based organizations, and colleges, universities, and other education or research institutions.


Economic Indicators: An economic indicator is a metric used to assess, measure, and evaluate the overall state of health of the macroeconomy. Economic indicators are often collected by a government agency or private business intelligence organization in the form of a census or survey, which is then analyzed further to generate an economic indicator. Financial analysts and investors keep track of macroeconomic indicators because the economy is a source of systematic risk that affects the growth or decline of all industries and companies


Primary Economic Indicator:
Gross Domestic Product (GDP):
The Gross Domestic Product (GDP) is widely accepted as the primary indicator of macroeconomic performance. The GDP, as an absolute value, shows the overall size of an economy, while changes in the GDP, often measured as real growth in GDP, show the overall health of the economy.

Main Indicators of economic development:
1) National Income Index
Economic development takes place if real national income increases over time.
2)Per Capita Income Group
The national income indicator does not reflect the true picture of the development of the economy.
3)Physical Quality of Life Index
In many developing countries despite economic development, no improvement has taken place in the quality of life.
The physical quality of life index into consideration the non-income elements of life.
The country has a high life expectancy, the lowest infant mortality and the highest literacy is considered to be superior to other countries.
This index of development is superior to the per capita income index because it reveals the end result of the use of National Income in the country concerned.

4)Basic Needs Approach
ccording to this indicator of economic development, the development of an economy is judged in terms of the extent to which the basic needs of the masses are satisfied.
The components of basic needs are food, pure drinking water, sanitation, health, and education, etc.
The index of development is useful especially from the common man’s point of view as he is more concerned with his basic needs rather than the total production in the country.
5)Human Development Index: This index of economic development has been prepared by the United Nations called the Human Development Index (HDI).
It consists of per capita income, educational attainment, and life expectancy. The index does not measure the absolute level of human development. It ranks countries in relation to one another.
The index is superior to other indicators of economic growth as it takes into consideration both income and non-income factors.

Indian National movement

The history of India and Indian national movement is resolvable in understanding. The Indian independence movement was a series of historic events during the British Raj with the ultimate aim of ending British rule in India on the Indian subcontinent. It lasted from 1857 to 1947.

REVOLT OF 1857:The first movement for freedom first broke in Bengal.The Revolt of 1857 was started on May 10, 1857, at Meerut. It was the first-ever war for Indian Independence. It was the first large-scale rebellion against the East India Company. The Revolt was unsuccessful but it made a major impact on the public and stirred the entire Independence Movement in India. Mangal Pandey was one of the major parts of the revolution as he declared rebellion against his commanders and fired the first shot on the British officer.

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Swadeshi Boycott Movement:
At the beginning of the 20th century, the Britishers announced the partition of Bengal with a motive to weaken the unity of nationalists. Amongst the prime Indian national movements, the Swadeshi Boycott Movement surfaced in the year 1903 as a reaction against the partition of Bengal but was formally announced in July 1905 and fully came into force from October 1905.
From 1905 to 1908, the Swadeshi and Boycott movement was started by extremists like Bipin Chandra Pal, Tila, Lala Lajpat Rai and Aurobindo Ghosh. The general public was asked to refrain from the use of foreign goods and motivated to substitute them with the Indian homemade goods. Prominent events like Indian festivals, songs, poetries and paintings were used to propagate this Indian national movement.

Home Rule League Movement :
To convey and propagate the feeling of self-governance into the common man, this Indian National movement was carried out in India as it simultaneously happened in Ireland. Majorly, the below-mentioned leagues pivotally contributed to the group of the Home Rule League Movement using newspapers, posters, pamphlets and so on.Bal Gangadhar Tilak started this league in April 1916 and spread out to Maharashtra, Karnataka, Berar and Central Provinces.Annie Besant’s League began in September 1916 in various other parts of the country.

Satyagraha Movement:
The first Satyagraha Movement was led by Mahatma Gandhi in the Champaran District of Bihar in the year 1917. Champaran district had tens of thousands of landless serfs. One of the suppressed Indigo cultivators, Pandit Raj Kumar Shukla persuaded Gandhi to lead this movement. This led to other Satyagraha Movements.


Khilafat Non-Cooperation Movement :
The Non-Cooperation Movement was one of the most famous and crucial phases in the Indian freedom struggle against the Britishers.Ill-treatment of the Khalifa, the spiritual leader of the Muslims by the Britishers agitated the entire Muslim community in India and around the world.
Deteriorating economic conditions in the country along with the major incidents like Jallianwala Bagh Massacre, Rowlatt Act, etc were the main reasons behind how it emerged to be a pivotal Indian national movement.This are the one of the important reason for the rise of this movement. The Non-Cooperation Movement was officially launched by the Khilafat Committee in August 1920. Also, the Indian National Congress adopted the movement in December 1920 after their Nagpur session. After which a complete boycott of government goods, schools, colleges, food, clothing etc happened and emphasis was laid on studying at national schools and khadi products were used.
On February 5, 1922, Chauri Chaura incident took place wherein the police station along with 22 policemen inside it was burnt. This led to call-off of this Indian National Movement by Mahatama Gandhi.

Civil Disobedience Movement:
One of the most prominent Indian national movements, the Civil Disobedience phase is classified into two stages:
First Civil Disobedience Movement
The Civil Disobedience Movement was launched along with the Dandi March by Mahatma Gandhi on 12th March 1930. Ultimately, it ended on April 6 when Gandhi broke the Salt Law at Dandi. Afterwards, the movement was proceeded by C.Raja Gopalachari.Mass participation of women, peasants and merchants happened and was succeeded by salt satyagraha, no-tex movement and no-rent movement as this Indian national movement spread across the country. Later on, it got withdrawn in March 1931 because of the Gandhi-Irwin Pact.

Second Civil Disobedience Movement :
The failed treaty of the second roundtable conference led to the start of the second Civil Disobedience Movement stretching from December 1931 to April 1934. This lead to varied practices like protests in front of liquor stores, salt satyagraha, forest law violations happened. But the British Government was aware of the upcoming incidents, thus, it imposed martial law with a ban on gatherings outside Gandhi’s Ashrams.


Quit India Movement :
The main reason behind the launch of the Quit India Movement in 1942 as it became one of the powerful Indian National Movements include the failure of the Cripps proposal become the awakening call for the Indians.The discontent of the general public with hardships brought by the world war.

After going through so many hardships in order to redeem the motherland from foreign and save the religion and self-esteem, India received it’s freedom from British on the night of 15th August 1947, 12:02 am from the British to become a Sovereign and Democratic country.

How to optimize your Blog Content

                                     How to Optimize your Blog Content through SEO Strategy?

         The Process of Search Engine Optimization (SEO) aims to improving the quality of website to a website and a web page to a search engines. Strategy of SEO content marketing is not an appropriate for every website where else other Internet marketing strategies are more effective.

SEO Targets on Unpaid Traffic:

  • Unpaid Traffics are known to be organic results.   
  • There are Billion searches in a single day, many people for specific product and this searches are commercial intent and leads to immense amount of specific, high-intent traffic.
  • This focus rather than the paid traffic, because unpaid traffics are originates, different kinds of searches.
  • Which includes; video search, academic search, image search, news search, and industry-specific vertical search engines. 

Internet Marketing Strategy:

  • This Strategy mainly focuses on how search engines work, the in-build algorithms in computer dictate search engine behaviour.
  • It instructs what people search for, the actual search terms, search engines are performed under the targeted audience.
  • When websites ranked higher on Search Engine Results Page (SERP), the SEO content marketing has to perform because websites receives more visitors from a search engine.
  • The most successful Internet marketing campaign depends on high-quality web pages to improvise their sites and allows the site owners to measure the rule.

Optimizing search engine for Blog Content:

  • SEM (Search Engine Marketing) is a practicing of designing and optimizing search engine. 
  • Search engine marketing focuses on excellence more than the relevance.
  • Difference form SEO content marketing is, between the paid and unpaid priority ranking in search results.
  • Most of the organic search traffics are not paid for search engines.
  • In addition, the accessibility of web crawlers, user web accessibility has become immensely important for SEO, this is considered to be a wise business.

How to Optimize your Blog posts for SEO?

  • The best way to optimizing the blog post is depend on how we creating it, SEO perform to get more traffic for your blog.
  • As a beginner, we have to plan for actual keyword search, what the real audience look for.
  • The keyword technique is mostly used by SEO experts and content creators, this helps to plan for content strategy.
  •  Topic plays a vital role for your blog it makes users to click your website to see the article.
  • If we were using single all in one SEO plugin have to focus on keyword in your article’s setting.

 The Evolution of SEO:   

  • In last two years with Computer-programmed algorithm updates and changes to Google search results page. 
  • Now SEO evolves dramatically, so it requires more great content.
  • In 2021, investing in organic traffic is a viable marketing. 
  • SEO becomes most important in digital marketing.
  • According to Bright Edge’s study, organic traffic is responsible for more than 51% of visitors to the websites.

How to Increase the Traffic for your Blog Content?

  • As a Blogger, we have to know about the audience preference to increase website traffic.
  • To succeed in SEO, you need understand the user intent.
  • Have to use keyword attractively to grab the viewers to your website, such as; t-shirt sale, instead we can put Amazing t-shirt sales Hurry!!!
  • To get high CTR (Click Through Rate), have to use unique keywords to gain a high position among all websites.