In India acquiring a passport is is often about social status. Earlier, getting a passport was a painstakingly long process. But with time and technological advancements, the Ministry of External Affairs (MEA) has come up with effective ways to expedite the process. Now passports can be obtain...
As if the slogan ‘Sabka saath; sabka vikas’ (Along with all, development for all)” was not fully expressing his concern for the country’s poor, Prime Minister Narendra Modi has come out with another charming phrase “ease of living”. This one is exclusive; the earlier slogan has travelled...
Mr. Hemant KanoriaChairman and Managing Director Srei Infrastructure Finance Ltd.I am sure that the Finance Minister is abreast of the present slowdown in the GDP growth and also that there is tepid investments in manufacturing and infrastructure in the country. There are several reasons for i...
Every year, at the time of the Union Budget, there is a lot of buzz. The common man waits for favourable announcements anxiously, but there are people who keenly follow what’s written between the lines. The Union Budget is perhaps the most watched event in the economic policy making in India...
A few days ago, two reports found prominence in most of the national newspapers. One way the IMF’s forecast on India’s bullish GDP growth performance (7.4%) in 2018 and the other was India’s abjectly poor performance in the Inclusive Development Index (IDI)). The Index shows that India stands ...
ManufacturingGrowth of the sectorStudies have estimated that every job created in manufacturing has a multiplier effect in creating two to three jobs in the services sector. A developing country like India, where employment generation is the key to a successful economic development, needs a robust m...
Growth of the sectorThe Indian auto industry is one of the largest in the world. The industry accounts for 7.1% of the country’s Gross Domestic Product (GDP). The two wheelers segment with 80 % market share is the leader of the Indian Automobile market owing to a growing middle class and a young p...
Cement IndustryGrowth of the sector India is the second largest producer of cement in the world. India’s cement industry is a vital part of its economy, providing employment to more than a million people, directly or indirectly.Cement prices in India recorded a 6.7% month-on-month growth in April ...
AgricultureGrowth of the sectorThe Economic Survey of 2016-17, was tabled in Parliament on January 31, 2017. The Survey forecasted a growth rate of 6.75 to 7.5% for FY18, as compared to the expected growth rate of 6.5% in FY17. Over the medium run, the implementation of the Goods and Services Tax (G...
The Prime Minister, before his departure to Davos to speak at the World Economic Forum, gave a remarkable interview to a television channel – perhaps one of his best so far. He spoke about India becoming a ‘bright star’ in the global economic scene; he criticised the Congress (asking it to ref...