Price Index & Base Effect | INDIAN ECONOMY CONCEPTS EXPLAINED | SPEED ECONOMY | NEO IAS

[@ekamias]

Want to gain concept clarity in Economy? Join Master of Economy course by Samjad sir👇 ekamias.com/courses/master-of-economy/

[@darademangesh2223]

Samjad Sir, simply I love u! I don't find any other words that can express my feelings!! I learnt a lot of concepts from economy very easily...& now I felt myself good to compete in such exam. From the bottom of my heart, thanking u Sir. You Sir, boost my confidence!!!! Thanks a lot Sir! I'm great fan of u & of NEO-IAS Academy Sir!!! Thanks to NEO-IAS too that they come forward & open the ways for many aspirants like me. Thank you!!!

[@smarikamishra1769]

Have been following neo ias for a while now and i have to say samjad sir is an asset to the institution. Superb teaching style.

[@tripurarikumar645]

Smarika Mishra very true

[@anuragtiwari6737]

Have you appeared in exam?

[@aadeekale]

He spoon feeds which no one does in today's world, I have a huge respect for this man. Unless the concept is understood by students he himself do not satisfy.

[@lipidutta3645]

Sir,u r too good..I m just a beginner in Eco preparing for various exams..N the topics totally new to me,I hv understand at once bcz u explained it so nicely..Words are insufficient to express my gratitude towards u Sir..Thnx a lot Sir,thnx a lot NEO IAS.

[@ambeshwar1]

This is the only source that cleared my doubts regarding base effect.Thanks alot

[@tasmiahazad648]

Well explained. Simple and crisp✨

[@alkayadav7833]

Sir it's a great effort by NEO academy to provide online videos for free..it help the students who cant afford coaching fees...thank you sir

[@miamalik2786]

you,re so commendable...Nobody can teach econnomy in such a gr8 way...Luv da way you teach us...Your kashmiri student😆

[@muhammedsahal8406]

With respect to the calibration of CPI, the statistical tools are Index number and % Δ . Base year alway have the value of 100 Index. The number of month/year in consideration by the base year, then multiply by 100 (Hence the base year index is always 100). Here, for the calculation of a current year month it's calculated correspondingly to the the index of the month of last year. But, with respect to the rate of change, it's the difference between two indexes divided by the original index then multiplied by 100

[@imprinterchamp8588]

Sir its really worth watching thank you a lot! Am able to understand and answer the questions!

[@tripurarikumar645]

Sir may god bless you .you are the best teacher I have seen in my life

[@darademangesh2223]

Sir, I hv also read somewhere that Price Index is different than GDP deflator. In GDP Deflator, all goods & services r included while in case of Price Index only some specific goods & services r considered.

[@Swret]

Sir It's a very good video.... And the best part of the video is your smile 😊 sir

[@harshikasengupta3612]

Huge respect for u Sir... u cleared out all my doubts! And i surprisingly i cud answer to few of ur questions specially that "decrease money circulation' 'increase in interest rate' .... Thank u Sir! :)

[@jyotshnatada1259]

Amazing explanation. Thank you sir👌👌👌

[@swatis4899]

Doubt...How will decreased money circulation help in controlling the inflation?

[@ExploreMalaya]

lovely... all doubts are cleared.......

[@damini9130]

so basically the price index is the percentage by which the price of commodity is increased with respet to previous year

[@upsc4150]

Sir, I have a doubt, when you said banks are offering low interest rate because supply is more and demand is less, wouldn't this lead to inflation , and then won't interest rate be high ?

[@firdos4u]

First it will cause reflation due to increase in demand, then it may shoot the inflation when demands become higher than supply. In that case RBI will try to increase interest rate to bring down the inflation. so its an cyclic process. Inflation--> disinflation-->deflation-->reflation. But for India we ,generally ,don't go to deflation phase.

[@radhakv9255]

Thank you so much sir. Please upload videos on money and banking

[@tabishahmad776]

thanks sir you are a great l love you and also respect you

[@vikrantkumargupta287]

Changes in the price level (inflation or deflation) if the price of everything increases by 20%20, percent, you need 20% 20, percentmore money in order to buy things. When there is an increase in the price level, the demand for money increases. Conversely, when there is a decrease in the price level, the demand for money decreases.

[@biplabshit2789]

Sir ,nice explanation.

[@RohitYadav-tt2fb]

Lv u sir ...jst amazing

[@mrbingo267]

thank you sir !

[@shwetharao1338]

Sir i want ur economy material how can i contact you

[@dharmanaharishnaidu]

Any idea how to get his economy full classes !?

[@ekamias]

You can join our Speed Economy Online Course -- Registration link -- www.neoias.com/index.php/speed-economy-economy-prelims-in-110-hours.html

[@damini9130]

sir how can i approach the articles which you post

[@samjadag105]

You can contact us through mail [e-mail]

[@biswajitpradhan1888]

sir pdf plz

[@darademangesh2223]

Samjad Sir, simply I love u! I don't find any other words that can express my feelings!! I learnt a lot of concepts from economy very easily...& now I felt myself good to compete in such exam. From the bottom of my heart, thanking u Sir. You Sir, boost my confidence!!!! Thanks a lot Sir! I'm great fan of u & of NEO-IAS Academy Sir!!! Thanks to NEO-IAS too that u come forward & open the ways for many aspirants like me. Thank you!!!

[@eillugn34]

Thank you sir...