On September 17, 2023 Prime Minister Narendra Modi inaugurated the PM Viswakarma Scheme, drawing inspiration from Viswakarma, the divine architect and master craftsman in Hindu mythology. This scheme is fully funded by the central government, with a total allocation of `13,000 crore. The primary obj...
In a surprising turn of events, India’s thriving service export sector has experienced a temporary setback after a year of remarkable growth. The growth rate of service exports surged by an impressive 26.7% in FY 2022-23, a feat that was once considered unimaginable. Even in the last four months o...
In a move that has captured international attention, JP Morgan has recently announced the inclusion of Indian government bonds in its emerging market debt index. With approximately $220 billion in assets under management, this global diversified index is considered a significant gateway to internati...
The agriculture sector has become a cause for concern due to inadequate and uneven rainfall. While the agricultural sector has often exceeded expectations and played a pivotal role in safeguarding the economy, the current scenario poses significant challenges. Attaining a growth rate of four percent...
The National Statistical Office (NSO) recently announced that the GDP growth rate for the April-June quarter of the current fiscal year (FY) 2024 has reached an impressive 7.8%. This growth is commendable, especially in the context of global economic challenges. It also signifies a strong improvemen...
The insurance sector holds significant importance in a modern economy and its development is assessed through two key indicators: insurance penetration and insurance density. Insurance penetration is the percentage of total insurance paid in a year relative to the GDP of that year, while insurance d...
The Government of India is set to evaluate the reasons behind the slow disbursement of funds for different sectors under the Production Linked Investment (PLI) scheme. Rajesh Kumar Singh, Secretary in the Department of Promotion of Industry and Internal Trade (DPIIT),highlighted this issue during a ...
India is projected to experience a growth rate of 6.5 to 7% until 2030, even without the need for further reforms, according to the Chief Economic Advisor (CEA). Des-pite facing various challenges such as the Russia-Ukraine war, global economic slowdown, high inflation, heatwaves, and unfavourable w...
The matter so farThe latest State of World Population Report 2023 was released a few days ago by the United Nations. In the report, it is stated that India will become the most populous country of the world by mid-2023. It will surpass China’s 142.5 crore by more than three million. How has the es...
On May 15th, Santosh Kumar Sarangi, the Director General of Foreign Trade (DGFT) of India, suggested that Indian exporters diversify into products with higher export demand. He made this recommendation while addressing the media in New Delhi during the release of trade data for April 2023. The data ...