The World Bank has revised its growth forecast for the Indian economy, raising it from an earlier projection of 6.6% to 7% for the current financial year. This upward revision reflects expectations of a strong economic performance, driven by key factors such as private consumption and investment.The...
India faces a significant challenge in job creation, even as it holds the title of the fastest-growing major economy. To meet the growing demand for employment, the focus must shift to sectors that can absorb large numbers of workers.Labor-intensive exports are crucial in this context. Industries li...
As the U.S. presidential elections draw closer, the economic performance of President Joe Biden and his predecessor, Donald Trump, has come under scrutiny. Both leaders have faced unprecedented challenges that have significantly impacted their economic policies and outcomes.In a world still recoveri...
India faced a nine-month high trade deficit in July, amounting to $23.5 billion, highlighting deeper structural issues within the economy. This serves as a reminder of the challenges India faces in balancing its trade equations. While it is not uncommon for a developing country to experience a ...
In July, the U.S. Consumer Price Index (CPI) rose by a modest 0.2%, while the year-on-year increase fell to 2.9%, the lowest since 2021. This development marks a crucial moment for the U.S. Federal Reserve as it must carefully balance the optimism of easing inflation with ongoing challenges that cou...
In a period marked by economic turbulence and fluctuating market sentiments, the Reserve Bank of India (RBI) has chosen to hold its key interest rate steady at 6.50% for the ninth consecutive policy meeting. This decision underscores the RBI’s strategic approach to monetary policy, reflecting a cl...
Since 2020-21, Finance Minister Nirmala Sitharaman has been steadfast in her commitment to fiscal consolidation while also increasing the allocation for capital expenditure.In 2020-21, the Union government's fiscal deficit was a staggering 9.2 percent of GDP. By 2023-24, she managed to reduce it to ...
The tour occurred against a backdrop of mutual interest in enhancing economic ties, marking a pivotal moment for both nations. The principal agenda of the Prime Minister’s visit was deepening bilateral economic ties, building on the robust collaboration in defense and space exploration that charac...
The International Monetary Fund (IMF) estimates that the Indian economy will grow by 7% this year, a 0.2 percentage point increase from its earlier projection. This growth reflects “improved prospects of private consumption, particularly in rural areas,” aligning with the assessments of other ag...
India is facing a severe unemployment crisis at a crucial juncture when its economy is recognized as one of the fastest-growing globally. Immediate and innovative strategies are urgently needed to leverage the demographic dividend inclusively.The country faces a paradox where economic growth do...
