Jammu, May 12 -- Centre and State Govts must establish link between GCC and start-ups
By Dr. Nilanjan Banik
In Economics, we teach the concept of exogenous and endogenous variables. In simple terms, exogenous variables are those outside the control of policymakers, whereas endogenous variables are those that policymakers can influence or adjust to improve economic outcomes. Take, for instance, the recent Iran-Israel-US conflict which is an example of exogenous shock. Indian government has nothing to do with it. Prior to the outbreak of this war, India's economy was in a Goldilocks situation - an estimated GDP growth rate of 7.6% in FY25 paired with a benign inflation rate of around 2%. This was a moment policymakers were eager to take cre...