There are some favourable signs of economic recovery in the Indian economy. The first one is the rate of growth of core sector outputs. The core industry output in last May, compared to the same month of FY 2020, has risen by 16.8%. The core sectors of the Indian economy include coal, cr...
India’s Gross Domestic Product (GDP) contracted by 7.3% in the last FY 2020-21 - as per the recently released provisional national income estimate. There is a common notion that the impact of the pandemic has been minimal on the agricultural sector in India. However, that is not the wh...
There are many important purposes of macroeconomics. But the foremost of these is attaining full employment. Full employment does not only mean full-employment of labour - it also includes full utilisation of available resources. The Indian economy has been under stress for quite some time. Ev...
The MSME sector has been in trouble for some years. However, the situation aggravated from 2016 in India. During the pandemic in 2020, the situation went from bad to worse. The Indian government has announced several policies for the development of this sector. But only a few MSME units have b...
The pandemic has exposed the precariousness of the Indian health system. Earlier, many social scientists, doctors and observers were in favour of allocating a bigger share from the Union government’s annual budget to the country’s health sector. On the other hand, another section tal...
The India Meteorological Department (IMD) has given a forecast of a ‘normal’ monsoon for 2021. It is no doubt a great relief for the economy. The Indian economy has been passing through a very difficult situation. Technically speaking India have passed the depressing economic phase. But th...
The light commercial vehicleThe auto industry in India has been passing through a huge stress for about two years. The pandemic has brought the auto sector in a dwindling situation. The overall growth of production of the industry is - 17% in the last FY 2020-21. In spite of all the light vehi...
Finance Minister of India Nirmala Sitharaman thinks that the economic reforms only can ensure India’s sustainable economic growth momentum. She was speaking at Kolkata recently at a special session on Sustainable Growth Momentum During Covid Times, organized by Merchant Chamber of Commerce a...
The provision of universal basic income to citizens of a country has been a matter of discussion for long around the world. It is meant for uplifting people from poverty and maintaining economic stability of a country.The UBI is considered as an automatic economic stabiliser since it would ens...
Union Health Ministry said on April 10, 2021 that India’s fresh Covid-19 cases have climbed to 1,45,384. The number of active cases has breached the 10 lakh mark again after six and a half months. The recovery rate dropped to 90.80 %, according to government data. The fatality is highest in ...
