Synopsis The Indian industry is central to the Indian economy, contributing to about 30% of the total GVA. However, in the last three years, the Indian industries have faced a set of challenges, including the Covid-19 pandemic and the Russia-Ukraine war, due to which the input prices mounted, disrupting the supply chain. However, the Indian…
Social Infrastructure Social infrastructure forms the foundational services and structures that add to the citizens’ quality of life and indirectly contribute to economic development through increased income, better productivity and technological advancement. Quality of life encompasses various factors: Basic income and employment opportunities Education levels; Healthcare, Social security, Connectivity etc. Therefore, a robust social infrastructure…
Introduction To broaden the country’s socio-economic development, the Government has used social overhead capital to enhance development in the country’s remote areas via budgetary allocations, subsidies and effective programme delivery. In an integrated approach to developing infrastructure, the Government put forth the National Infrastructure Pipeline with a projected investment of 111 Lakh Crore FY20-25. Infrastructure…
Introduction India’s external sector has been stroked by shocks and uncertainty manifested in terms of elevated global commodity prices; tightening international financial conditions; reversal of capital flows; heightening financial market volatility; currency depreciation, and looming worldwide growth and trade slowdown. Trade Helping India Reap the Benefits of a Globalised world Global Scenario India’s Growing and…
Challenges Facing the Global Economy The global economy is facing a unique set of challenges that are simultaneous and, therefore, unprecedented. The challenges are: Global output contraction following the Covid-19 pandemic. Russia-Ukarine conflict. Monetary tightening to rein in inflation. Trade protectionism. A slowdown in China. Effects of loss of education and earning opportunities during the…
Introduction Fiscal space with governments has become essential due to global risks and economic uncertainties. The Government’s fiscal policy was instrumental in economic growth and providing a safety net to the vulnerable sections in the past years. Several factors, such as the conflict in Europe, overstimulation of demand, and supply chain disruptions, have led to…
India has been a major player in services trade, being among the top ten services exporting countries in 2021, having increased its share in world commercial services exports from 3% in 2015 to 4% in 2021. The Covid-19 pandemic hurt most sectors of the economy, with the effect particularly profound for contact-intensive services sectors like…
Introduction With its firm forward linkages, agriculture and allied activities significantly contributed to the country’s overall growth and development by ensuring food security. But the performance has been buoyant over the past several years. To tackle the issue, the government intervened: to enhance credit availability, aggravate livestock and crop productivity, promote crop diversification, ensure certainty…
Introduction Climate change is a prolonged change in weather and temperature patterns that can occur due to natural reasons. The global nature of the matter makes India one of the most critical countries though it contributed only about 4 % of the cumulative global emersion for 1850-2019. However, it has consistently demonstrated global leadership by…
Introduction In India, Consumer price inflation went through three phases in 2022. A growing phase up to April 2022, when it crested at 7.8 %. A holding pattern at around 7.0 % up to August 2022. A decline to around 5.7 % by December 2022. Reasons The rising phase was due to the Russia-Ukraine war….