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ON the economic front, there is much to cheer about with the GDP growing at 8.9 per cent in the second quarter of 2010-2011. There is now hope that the annual growth rate this fiscal year will be 9 per cent which means that India will be catching up with China soon
Everyday fears of violence against women have sharpened in the recent past. However they are increasingly being addressed by new prescriptive do and don't lists of precautionary measures for women. This is happening even while we consistently assert that the onus need not be on the women to keep themselves safe.
Growth is too weak in Europe today to support the necessary fiscal consolidation of the Member States. And without growth, there will be no budgetary and fiscal consolidation, says Pierre Sellal underlining the need for a growth pact.
While the common man or woman has to save for hard times and cut corners on everything, the same is not happening to the budgets of the Central and state governments.
By some accounts, the economy is doing spectacularly well. At the same time, infrastructure has been deteriorating.
Bangladesh was one of the few countries in the world to sustain a positive economic growth rate during the COVID-19 pandemic. Today, however, it is experiencing symptoms that could stall such impressive record: rising divergences in the government’s fiscal balance; the precarious Balance of Payments situation; rapidly declining foreign exchange reserves; demand-supply gaps in the energy markets; and inflationary tendencies. The exogenous shocks
Recent steps forward on the trade front have also cleared the way for greater ambition in the partnership
We really do not understand inflation stickiness in India since 2010. However, the silver lining is that oil prices may not rise any further following the shale gas revolution in the US. The Finance Minister can certainly do something about growth and possibly pray for lower inflation.
The year 2014 is, in many ways, the year of reckoning for Afghanistan which is undergoing three simultaneous transitions - security, political and economic. Unlike the first two, the economic transition has not had the advantage of clear deadlines and roadmaps and has suffered from lack of long term planning.
India’s aspirations to become the third largest economy in the world by 2027, and a developed country by 2047, need to be backed by a liquid, deep, and well-functioning debt market—something that the country does not have. Banks in India typically lack the ability to sponsor long-term projects because their liabilities are of a relatively shorter tenure. An efficient Indian corporate bond market with lower costs and faster issuances could pro
India has a history of neglect in breaking the intergenerational cycle of malnutrition. About one in five women (18.7 per cent) of reproductive age (15-49 years) in India are thin, with a body mass index (BMI) of less than 18.5 kilograms per square metre.
This paper presents a status report of the BRICS nations (Brazil, Russia, India, China, and South Africa) on two crucial development parameters—inequality and poverty—that have a significant bearing on the Sustainable Development Goals (SDGs; especially SDG-1 and SDG-10). The paper tracks the origins and movements of absolute and relative poverty, and income and wealth inequality in the BRICS economies over time, highlights the associated cha
Once a niche term, Blue Economy (BE) has matured into a popular concept in marine governance discussions in the Indo-Pacific region. As land resources reach their limits, governments in the region are keen to harness the ocean’s wealth for economic projects. Policymakers widely believe the blue paradigm allows marine activities to be earth-friendly and sustainable, and thereby guaranteeing a more equitable future. Recent developments, however,
Brazil's Ambassador to India, Mr Carlos Duarte, thinks that trade between Brazil and India should grow not just in absolute terms but also in qualitative terms.
Bringing the private sector centre-stage requires a sea change in the manner of its participation and its role in nation-building.
The post-pandemic Indian economy could resurrect itself by prioritising Sustainable Development – as the SDGs not only embody various capitals, but also hold immense potential for business opportunities. This needs to be realised through global partnerships and more private sector involvement in the domestic economy.
Nepali PM Pushpa Kamal Dahal opined that China, Nepal and India can forge a successful trilateral partnership and other roundups
The COVID-19 pandemic can serve as an opportunity for India to redefine its approach to economic growth. The policy objective should be that once the threat of the current pandemic subsides, the country will not return to business-as-usual mode and rather build an economy for the future. The Indian government has declared that it is considering measures towards distress mitigation, relief disbursement, and a revival of growth. At the same time, h
For decades, global agriculture has pursued an extractive model of relentless yield maximisation—at a devastating cost. Soil degradation, water scarcity, and deepening inequities have made it clear that the promise of perpetual growth in a finite world is an illusion. This brief challenges the dominant narrative of industrialised, high-input farming and reimagines Indian agriculture through the lens of ‘degrowth’—an emerging concept that
E-commerce has made massive inroads in India’s retail sector: 220 million people are expected to shop online by 2025, and the industry is predicted to grow to INR 13,97,800 crore (US$200 billion) by 2027. Yet, about 90 percent of grocery retail trade in India are still driven by small-format traders and neighbourhood kirana (grocery) stores. The evolving retail scenario and changing consumer demands mean that these kirana stores must swiftly em
The combination of high food inflation, general inflation and lack of sufficient job opportunities due to slow growth in the manufacturing sector can spell disaster for a highly populated country like India.
A successful conclusion of the FTA with EU would go a long way in building international market confidence, giving much needed stimulus to the international economy. The loss of revenue from reduction in tariffs should be viewed in gains of transfer of technology, productivity increases and greater competition.
During the US visit, PM Narendra Modi reiterated that India is the fastest growing economy among large countries in the world. Showcasing India's high GDP growth when others are faltering is a good strategy which the government has adopted which pushes India in the limelight.
The GDP growth does not mean much to the average voter. But prices do that matter as inflation cut into the budget for healthcare and education for children. Thus what will ultimately decide the outcome of the elections will be inflation and the government's inability to control it.
Gujarat has the required natural resources, human potential and entrepreneurial spirit to become the engine of India¿s economic growth and achieve a growth rate of 20%.
FM Nirmala Sitharaman’s first tranche of announcements of the fiscal stimulus for economic recovery closely follows PM Modi's vision of making the economy self-reliant.
Competitive welfarism is a consequence of India's failure to deliver inclusive growth. Can it be shaped so future growth is assured?
India’s strong growth in recent years has outstripped job creation and poverty remains a key challenge. In the face of the changing world of work, how can perceived economic problems become opportunities?
Standing on the foundations of growth and its future potential, some economies are more vulnerable — and some more valuable — than others. India stands on the valuable stack.
In many ways, India and China are running parallel growth stories with high GDP growths. However, China seems to be taking stock of what has not been achieved by their high GDP growth and India should also be more concerned with the well-being of all Indians for a more harmonious society.
A digital revolution in MSMEs' access to credit might accelerate growth and prosperity - if policymakers focus on simplicity, access, and human capital.
This paper projects the nationwide and state-wise size of India’s Unified Payments Interface (UPI) market under various GDP growth scenarios. The market sizes under these scenarios are expressed in monetary values at the scale of both sub-national units and the Indian economy as a whole. With the help of transactions and market share data from Phonepe, a UPI company, the paper estimates the national and state-wise base case scenario market volu
There is at least a temporary decoupling of consumption and GDP, with investment picking up pace and acquiring a greater share of domestic output
Japanese ODA has eased the burden of borrowing in the Indian market. Moreover, with the Japanese economy still struggling to induce growth, investments in India offer an avenue to earn interest income. Increased Japanese FDI is also likely to give a huge boost to the Indian economy.