The Indian economy has been a growing economy and now it is poised to achieve the level of the fourth and later the third largest economy of the world. Even today, about 45% of its population is directly involved in the agricultural sector alone. As many as 42.3% of the country’s workforce (in 201...
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...
India is leading the G20 group of nations betweenDecember, 2022 and November, 2023. There are 19 economically big countries and European Union countries which are permanent members of the group. Each of the members must take leadership in turn for a year and India’s Prime Minister, Narendra Modi h...
Almost everyday well circulated newspapers around the world are reportedly pointing out that the US and most of the countries in the Eurozone are going to face economic recession in the coming quarters. Quite a number of agencies including the IMF and many economists are not very sure about the econ...
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...
This year's Nobel Prize in economics goes to three American economists, Ben S Bernanke, Douglas W Diamond and Philip H Dybvig for significantly improving “our understanding of the role of banks in the economy, particularly during the financial crisis.” The Royal Swedish Academy of Sciences repor...
Kenneth S. Rogoff, famous Harvard economist and former chief economist at the IMF, in a recent interview (ET, October, 14, 2022) stated that the recent policy of tightening monetary policies would hurt the global economy and may even lead to global recession. He believes that in this situation, prov...
A report published in October 2020 shows that in India, the annual production loss due to pests and diseases was estimated at `90,000 crore. According to RG Agarwal, Group Chairman, Dhanuka Agritech, “At present these losses may be around `5 lakh crore despite the fact that we use around 60,000 to...