In the medium term, the Indian economy can grow at a rate of 7 per cent plus on a sustained basis if we can build on the structural reforms undertaken over the last decade. Against this backdrop, the chapter identifies the areas of crucial policy focus as well as presents a six-pronged growth strategy to…
INTRODUCTION Key Industrial Intermediates Cement industry: Â clinker has increased. However, the quantity of imports is still low. Steel Sector Contribution of the sector: Iron and steel contribute approximately 47 per cent of all inputs in the building & construction sector. It also serves as a critical input for the production of machinery and consumer goods….
Over the past five years, India’s agriculture sector has grown at an average rate of 4.18% annually, with a substantial stock of foodgrains and significant exports. Despite this growth, challenges like low productivity, weather variability, fragmented land holdings, and inadequate marketing infrastructure persist. The chapter discusses government interventions in crops, livestock, animal husbandry, and fisheries…
Global Economic Scenario Current Problems Facing the Global Economy Buoyancy in Revenues Continues in FY24: Global GDP Growth: Despite geopolitical uncertainties and inflationary pressures, the global economy registered a growth of 3.2% in 2023, which is robust but marginally lower than in 2022. Inflation Trends: Inflationary pressures have been high due to supply chain disruptions…
Primary Source: PIB The Budget document presented by our finance Minister on 23rd July 2024 was the first budget presented in the 18th Lok Sabha after the conduct of recent swearing in. the Previous budget presented in the starting of this year was an interim budget presented by the Previous government. Stages of a Budget…
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…