The core sector, consisting of key industries such as petroleum and refining, electricity generation, steel production, coal mining, crude oil, natural gas, cement, and fertilizers, requires comprehensive policy reforms to enhance its contribution to the overall industrial output. The performance of...
The agricultural sector has been a bright spot, consistently growing by 3.5% or more in recent years, even during the pandemic. However, it remains a less dynamic sector, with productivity levels far below those of developed nations. Despite its significance, with 45% of the population relying on ag...
The real estate sector in India consists of four key components: housing, retail, hospitality, and commercial real estate. Among these, the housing sector has been the most significant. Over the past four decades, the housing sector has gained considerable importance in India, driven by rising incom...
Potential and status of the Garment IndustryIndia’s textile industry is poised for remarkable growth, with expectations to double its contribution to the GDP within the next six to seven years. Currently, it contributes around 2.3% of the GDP, and this is projected to rise to 5% by the end of...
Last September, Prime Minister Narendra Modi announced a significant health insurance policy for all senior citizens aged 70 and above, expanding the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PM-JAY). This initiative will provide free health insurance coverage of up to ₹5 lakh per famil...
The Status of Agriculture and Allied Sectors in BengalWest Bengal is a leading state in agriculture, horticulture, and fruit processing. The state is renowned for its exotic varieties of flowers, orchids, and cacti. It holds the title of the highest producer of vegetables in the country and is a lea...
The Reserve Bank of India (RBI) recently introduced the Unified Lending Interface (ULI), a digital platform aimed at addressing the credit needs of various sectors, with a particular focus on agriculture and Micro, Small, and Medium Enterprises (MSMEs). Historically, these sectors have str...
To address persistent high food inflation, Finance Minister Nirmala Sitharaman could allocate more to agriculture. Last fiscal year, India grew by 8.2%, but surprisingly, agricultural growth declined from 4.7% in FY 23 to 1.4% in FY 24. During the COVID-19 period, agricultural growth had been quite ...
The Economic Survey is an annual report issued by the Ministry of Finance, Government of India. First published in the 1950-51 fiscal year as part of the Union Budget, it was separated from the Budget in 1964 and now precedes it by one day. The Survey reviews the performance of the Indian economy ov...
The Sixth Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is scheduled to be held in Thailand in September 2024. Prior to this, the Foreign Ministers’ Retreat took place from July 11-12, 2024, in New Delhi. This retreat serves as a platform fo...
