On May 13, India and Iran signed a 10-year contract to operate the Chabahar port in Iran. The agreement between India Ports Global Ltd (IPGL) and Iran’s Port and Maritime Organization (PMO) pertains to the operation of the Shahid Beheshti terminal, one of the two projects at Chabahar port.A brief ...
The basic issueThere has been a sharp reduction in the household net financial savings rate in 2022-23, leading to an overall decline in the financial savings rate. The savings rate refers to the amount of savings as a percentage of GDP, while household savings measure the change in financial assets...
The Indian tea industry marks a significant milestone this year as it celebrates two centuries of journey since its inception. Originating in Assam, India, the tea plantation industry has reached its bicentennial milestone. Assam alone contributes over 52% of India’s tea production, amounting to a...
IntroductionNatural rubber (NR) stands as a crucial plantation commodity in India. However, since the economic reforms of 1991, the sector has encountered heightened price volatility due to its integration into the global market. Previously, NR operated within a regulated framework, benefiting from ...
The Damodar Valley Corporation (DVC) has accomplished a significant milestone by generating 43.32 billion units of electricity during the fiscal year 2022-23. This achievement marks a growth rate of 6.5% compared to the previous fiscal year 2021-22. DVC operates thermal and hydropower plants through...
IntroductionIndia’s significant and escalating income and wealth inequality have garnered attention among economists and global observers. The issue has taken center stage in the ongoing parliamentary election, as highlighted by the Loknity-CSDS 2024 pre-poll survey (The Hindu, April 11, 2024). Th...
India has emerged as a significant exporter of agricultural products, with a rich history dating back to early times when it was renowned for its spices globally. Currently, key exports include rice (both basmati and non-basmati), spices, cotton, oilseed cakes, castor oil, coffee, cashews, tea (clas...
The volume of exports plays a pivotal role in the GDP of any economy. India, as one of the fastest-growing major economies globally, anticipates surpassing Japan to become the third-largest economy in the coming years. Historically, vibrant export sectors have been fundamental to the prosperity of s...
The West Bengal State Budget for the fiscal year 2024-25, presented by the Minister of State for Finance (Independent Charge), Chindrima Bhattacharyay, underscores a commitment to social sector development. The budget, totaling Rs. 3,66,166 crore, was unveiled in the state Assembly on Febr...
RC Bhargava, Chairman of Maruti Suzuki Ltd, recently shared insights on the growth of the Indian automobile sector, noting that historically, its performance aligned with the country’s GDP. However, a significant deviation occurred in 2019-20. Factors contributing to this shift included the i...
