The National Statistical Office (NSO) recently announced that the GDP growth rate for the April-June quarter of the current fiscal year (FY) 2024 has reached an impressive 7.8%. This growth is commendable, especially in the context of global economic challenges. It also signifies a strong improvemen...
The insurance sector holds significant importance in a modern economy and its development is assessed through two key indicators: insurance penetration and insurance density. Insurance penetration is the percentage of total insurance paid in a year relative to the GDP of that year, while insurance d...
The Government of India is set to evaluate the reasons behind the slow disbursement of funds for different sectors under the Production Linked Investment (PLI) scheme. Rajesh Kumar Singh, Secretary in the Department of Promotion of Industry and Internal Trade (DPIIT),highlighted this issue during a ...
India is projected to experience a growth rate of 6.5 to 7% until 2030, even without the need for further reforms, according to the Chief Economic Advisor (CEA). Des-pite facing various challenges such as the Russia-Ukraine war, global economic slowdown, high inflation, heatwaves, and unfavourable w...
The matter so farThe latest State of World Population Report 2023 was released a few days ago by the United Nations. In the report, it is stated that India will become the most populous country of the world by mid-2023. It will surpass China’s 142.5 crore by more than three million. How has the es...
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 ...
India’s export sector has achieved the highest level in its history by earning $770.18 billion in the last fiscal. It was beyond the government’s target of $750 billion. This figure is higher by $94 billion as compared to FY 22. This has been a praiseworthy success achieved by India at a time wh...
The Government of India announced its Foreign Trade Policy 2023 (FTP 23) on March 31,2023. Piyush Goyal, the Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, launched the policy. It is an open-ended policy and will not end on a targeted date. But ...
The 2022-23 fiscal has just ended. One must wait for about two months to have reliable data on the various aspects of the performance of the economy. Some organisations will analyse the economic performance of FY23 based on their own high speed data sources. But before having NSS information on FY 2...
India has the largest area under cultivation in the world. Its farming land constituted 169.3 million hectares (mh) in 2019. India uses more land for crop cultivation than the US (160.4 mh), China 135.7 mh), Russia (123.4 mh) or Brazil (63.5 mh). It has the highest rainfall in the world, nearly 1,20...
