India is the third-largest importer and consumer of oil worldwide and in the upcoming fiscal starting on April 1, India’s gasoline demand is predicted to increase by 4.7%. According to government projections, fuel consumption, a proxy for oil demand, could increase to 233.8 million tonnes in 2023...
Economic Survey released on 31st January this year had projected that the GDP growth in 2022-23 will remain7% whereas for the year 2023-24, it is forecasted to be 6.5%. The estimates of receding growth in India are inline with such estimates revealed earlier by the IMF, World Bank, etc. The growth s...
The world economy is anticipating inflation and recession. The developed countries are particularly worried about it. The heads of organisations like the International Monetary Fund are categorically pointing out about continuing high price inflation and the high possibility of several economies ent...
The news on the external sector of India’s economy, as we enter the new year is not favourable. 2023 began with challenges. They stem from both global and domestic factors. The World Trade Organization (WTO) has revised downwards its previous global trade growth forecast from 3.4% to 1%. Interest ...
Few asked this question. Is it true? Hopefully, by the end of this article and analysis, we may find an answer. Before going into whether we are heading to the global recession, it is important to understand what are the characteristics of global recession. Characteristics of Global Recession:There ...
The United States (US), the world’s largest economy, with an annual output of $ 23 trillionand a per capita income of $ 62,000 and India, an emerging market economy (EME) with theannual output of $3.12 trillion and per capita income of $1961 finally seemed to have metwith some measure of success i...
Any annual Budget that the government presents, generally at the end of the financial year, isa record of the government’s estimated or projected incomes and expenditures for the comingfinancial year. The nature of the Budget may vary according to the needs of the economy. Atpresent the Indian eco...
In 2022, the Indian economy faced a lot of headwinds which had originated from internal and external sources. The year started with the threat of the Omicron variant. But it subsided within a few weeks. Russia’s invasion of Ukraine also affected the Indian economy. Later, continuing high inflation...
“The worst bankrupt in the world is the man who has lost his enthusiasm. Let a man lose everything else in the world but his enthusiasm and he will come through again to success” says H W Arnold, a lieutenant general in the US army during World War II. And if his immediate reference was the army...
Price inflation in the Indian economy has been persisting by more than 6% - the upper tolerance limit of RBI - for 10 months in a row. It is mandatory for the RBI to answer India’s government if the inflation remains 6% or more for more than two quarters sequentially. After the Monetary Policy Com...