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 ...
The Economics Nobel 2021 goes to three US based economists. One half of the award has gone to David Card, Professor of Economics at the University of California, Berkley. The other half has gone jointly to Joshua D Angrist of MIT and Guido W Imbens of Stanford University. The economics Nobel c...
A plan is being backed by global leaders to ensure multinational companies pay their fair share of tax wherever they operate. The pact, championed by the Organization for Economic Cooperation and Development, is expected to put in place a minimum global corporate tax rate of 15%. It is i...
Just after a fortnight of the Parliament’s monsoon session, the Union government envisaged a new plan to monetize assets worth Rs.6 lakh crore - popularly known as National Monetization Pipeline (NMP) Plan in 13 sectors. Precisely, NMP aims to monetize assets under the Union government over a...
In the midst of uncertainties on many fronts, including those presented by the August take-over of Afghanistan by Talibans casting a shadow on the future of international petroleum crude prices with likely involvement of Iran, Indian economy received some comforting news on inflation for yet another...
The government had imposed a lockdown to curb the spread of the Covid-19 pandemic but this impacted economic and commercial activities and resulted in job loss. It also resulted in the exodus of migrant workers - which rocked the entire nation. According to the Centre for Monitoring Indian Economy (...
A strange development seems to be occurring in the Indian economy - it appears to be showing signs of a split personality disorder.On the one side, is a bright sunny dispositionIn September 2021, the Indian stock market graph reached dizzying heights, as it became the world’s sixth-largest, overta...
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at the end of its first bi-monthly meeting of the new fiscal year on April 5, 2018, took the decision to maintain its benchmark repo interest rate at 6%. This decision has been taken for the next two months. Consequently, the rev...
Around 65% of India’s population is composed of young people. The Indian economy has a large pool of educated and trained young people. But it is also an established fact that unemployment is growing in India and there is dissatisfaction among the youth. Dependence on agriculture is decreasing. Fr...
For about two weeks, the Union Finance Minister, Arun Jaitley, has been expressing his satisfaction over the turnaround of Indian economy. This has been the case, particularly after the Central Statistical Office’s (CSO) upward revision of the gross added value (GVA) and gross domestic produ...
