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Revision as of 10:56, 15 February 2016

 
About Arthapedia

Arthapedia is a portal for facilitating understanding of the Indian Economy and its governance by explaining the concepts used in the economic policy domain in India.

This portal is managed by government economists of India (known as Indian Economic Service (IES) Officers) and is intended to cater to the requirements of their counterparts in other countries as well as to academicians, economists, policy practitioners, financial journalists, students and to any interested citizen, both within the country and abroad.

The objective of this portal is to increase transparency in government by simplifying indigenous concepts or by introducing domestic institutions to support the professional development of public policy economists. It is meant to enrich and enhance citizen friendly policy formulation through dialogue and collaborative action.

The motivation behind this site is the then Chief Economic Advisor at Ministry of Finance, Government of India- Dr. Kaushik Basu (Dec 2009 - July 2012)- who on the occasion of fiftieth year of establishment of Indian Economic Service inspired IES officers to create a website for explaining economics related concepts which are of relevance to India.

The forerunner for this website is the internally circulated daily newsletter iES Today which was widely received and appreciated by policy makers of the country.

Members: All serving IES officers are automatically members of this website and are vested with the rights for writing the content.

The Government of India does not monitor the entries and the views expressed therein are not necessarily those of the government. The entries, therefore, must not be treated as official statements of policy or definitions.


 
Recent Concepts
 
Today's concept
Headline inflation

In general, reflects the rate of change in prices of all goods and services

in an economy over a period of time. Every country has its own set of commodity basket to track inflation. While some countries use Wholesale Price Index (WPI) as their official measure of inflation and some others use the Consumer Price Index (CPI). The International Monetary Fund (IMF) statistics reveals that, while 24 countries use WPI as the official measure to track inflation, 157 countries use CPI. Conceptually these two measures of inflation stress different stages of price realization as well as composition: while WPI measures the

... Read more

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