ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Israeli economy is driven by industries based on electronics, computers and communication technologies, the result of over 50 years of investment in the country’s defence infrastructure. Israeli defence industries have traditionally focused on electronics, avionics and related systems.

Detailed explanation-2: -Over the past few decades, Israel has established itself as one of the most technologically advanced countries in the world. With a population of just over 6 million, there are an incredible number of more than 4, 000 technology companies in this country.

Detailed explanation-3: -Israel has become a global technological and entrepreneurial powerhouse. The recent Bloomberg Innovation Index, an annual ranking of countries that measures performance in research and development, technology education, patents and other marks of technological prowess, listed Israel at #5 in the world.