15 August 2017 marks the 70th year anniversary since the British withdrew their colonial rule over India, leaving it to be one of the first countries to gain independence. Since then it has become the sixth largest economy in the world and is categorised as one of the major G-20 economies. To mark the occasion we have compiled a wide array of facts around the Indian economy pre and post-independence.
Game theory is considered to be one of the most important theories not simply within the field of economics, but also mathematics, political science, biology, philosophy, and ecology, just to name a few. It has been developed over the many years since the term was first coined to what it is now: a theory used to “understand the strategic behaviour of decision makers who are aware that their decisions affect one another.”