V. Anantha Nageswaran, Chief Economic Advisor (CEA) to the Government of India, has expressed confidence that India’s GDP will grow by 7% in the second half of the current financial year (FY). He noted that the 7.8% GDP growth recorded in the previous two quarters had already been anticipated.Acco...
India’s tea industry today stands at a crossroads. Producers’ associations such as the Indian Tea Association (ITA) and the Tea Association of India (TAI) have raised concerns about the declining dynamism of the sector. Several factors contribute to this trend.Climate and Production ChallengesOn...
The 2025 Nobel Prize in Economic Sciences has been awarded to Israeli-American Joel Mokyr of North-western University, Philippe Aghion of Collège de France and the London School of Economics, and Peter Howitt of Brown University for their pioneering research“for hav...
In India, festivals are not just cultural events—they are economic engines that touch every section of society. From national celebrations like Diwali, Holi, Navratri, Eid, and Pongal to regional events like Durga Puja, Kali Puja, and Onam, these occasions bring people together across age, class, ...
The Goods and Services Tax (GST) Council has introduced major reforms in the tax structure—changes many experts believe were long overdue. Since its rollout in 2017, India’s GST regime has faced criticism for being complex and inconsistent with global best practices. Ideally, GST should have one...
The Indian tea industry, second only to China’s, is a vital part of the country’s agricultural economy. In 2024, India produced 1,285 million kg of tea — an increase of 109 million kg, or 8%, compared to 2023. Between January and July 2025, production reached 641.44 million kg, which is 77 mil...
Tourism has the potential to flourish across all regions—ranging from vibrant cities to remote rural, tribal, hilly, and forested areas. It is one of the few sectors that can simultaneously boost GDP, create employment opportunities, and enhance foreign currency earnings. The expansion of tourism ...
India’s year-on-year (YoY) headline inflation rate, based on the All India CPI, stood at 1.55% in July 2025, according to a PIB press release on 12 August 2025. This marks the lowest YoY inflation rate since June 2017.For a country like India, where a large segment of the population falls within l...
The Prime Minister of India has called upon citizens to buy more Indian-made products, a statement first made at a political rally in Varanasi. But how effective can this strategy be? And could it conflict with the global economic order?US Tariffs and the Global Trade ParadigmWhen the world’s larg...
India’s banking sector has witnessed a significant reduction in policy rates, with the Reserve Bank of India (RBI) cutting the repo rate by a cumulative 0.75%—first in April and then again in June 2025. The objective behind this move was to reduce the cost of capital and stimulate private invest...
