India’s export sector has achieved the highest level in its history by earning $770.18 billion in the last fiscal. It was beyond the government’s target of $750 billion. This figure is higher by $94 billion as compared to FY 22. This has been a praiseworthy success achieved by India at a time wh...
The Government of India announced its Foreign Trade Policy 2023 (FTP 23) on March 31,2023. Piyush Goyal, the Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, launched the policy. It is an open-ended policy and will not end on a targeted date. But ...
The 2022-23 fiscal has just ended. One must wait for about two months to have reliable data on the various aspects of the performance of the economy. Some organisations will analyse the economic performance of FY23 based on their own high speed data sources. But before having NSS information on FY 2...
India has the largest area under cultivation in the world. Its farming land constituted 169.3 million hectares (mh) in 2019. India uses more land for crop cultivation than the US (160.4 mh), China 135.7 mh), Russia (123.4 mh) or Brazil (63.5 mh). It has the highest rainfall in the world, nearly 1,20...
India was ranked as the second highest steel producing country in 2021 by producing 106.23 MT. China has been the biggest producer of steel, according to the World Steel Association. According to CareEdge Research, India’s steel production and consumption grew by 5.7% and 11.5% respectively, durin...
Minister of State (independent charge) Chandrima Bhattacharya presented the state annual budget in the West Bengal State Assembly on February15, 2023. This is her second budget presentation. She presented a budget of `3.39 lakh crore for FY 2023-24. She focussed on farmers, women, the weak tea secto...
The Economic Survey is presented in both the houses of parliament every year one day before the presentation of the Annual Budget. The survey provides information about the state of the economy with the help of several economic indicators. It also forecasts economic activity for the coming year or y...
The Union Budget 2023-24 has allocated a marginally higher amount in the health sector as compared to the allocation of the 2022-23 Budget in that sector. In 2023-24, Rs. 89,155 crore has been allocated whereas in 2022-23 it was Rs. 86,200 crore. Of this allocation in 23-24, ` 86,175 crore has been ...
Budget 2023-24 addresses the financial constraints of the MSME sectorIt is said that the MSME sector is the engine of growth in modern India. That is the reason that every government, in recent times, has tried to address the problems of this sector. Several policies have also been implemented for t...
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...