National Income Updates

National Income depicts the health of the economy of the nation. It is the tool that provides the status of a country globally.

Updates on issues and concepts related to National Income of India for 2020/21:

  • Present State of economy
    Context: The pandemic has delivered a “scissor cut” to the government finances. What is the current scenario? Economic output and government revenues are shrinking. The government has to spend more to safeguard lives and livelihoods. Widening deficit. Most of state’s revenue come from center which changes their debt servicing ability for the worse. What are the ...
  • Export: A key to economic growth
    Context: Arvind Panagariya’s new book, India Unlimited: Reclaiming the Lost Glory, discuss systematically how to reconstructs a path to higher growth. What is the present scenario? Public sectors confronting a mountain of debt, the fiscal will need to be reined in post-COVID across several emerging markets. COVID-19 will accentuate the prevailing export pessimism, as ...
  • Lessons from Vietnam and Bangladesh
    Context: Learning through the success stories of Vietnam and Bangladesh More in News Bangladesh has become the second largest apparel exporter after China. Vietnam’s exports in apparel sector has grown by about 240% in the past eight years. Vietnam’s success stories Duty free exports: Signing of Free Trade Agreements (FTAs) with important trading partners like ...
  • Base year of CPI-IW changed
    The Labour and Employment Ministry on Thursday revised the base year of the Consumer Price Index for Industrial Workers (CPI-IW) from 2001 to 2016. Why the base year for the Consumer Price Index for Industrial Workers(CPI-IW) has been changed? Due to the changing consumption pattern, more weightage has been given to spending ...
  • Bangladesh’s per capita income greater than India’s
    Source: Indian Express Syllabus: Gs3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Context: For the year 2020, the per capita income of an average Bangladeshi citizen would be more than the per capita income of an average Indian citizen. Why India’s per capita income has fallen ...
  • Indian economic recovery – Unlock phases
    Source- The Indian Express, The Indian Express Syllabus- GS 3- Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment Context– India’s economy shrank nearly 24 percent in first quarter of 2020, the most drastic fall in decades. Reasons for GDP contraction Draconian lockdown– India had the most intense lockdown starting from ...
  • COVID – 19 and India’s road to economic revival
    Source – The Indian Express Syllabus – GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Context – ‘Unlocking’ and ‘Revival package from the government’ are the two basic factors that will determine the course of India’s economy for the rest of the year. Impact of COVID-19 on ...
  • To Rebuild and Recover from COVID-19
    Source: Indian Express Syllabus: GS3: Mobilization of Resources, Growth, Development and Employment. Context: India needs to focus on rebuild and recover to achieve economic growth of 7-8 per cent. Need to address some traditional sore points: Pandemic impact: Indian economy is suffering due to the pandemic with declining growth and limited scope for a fiscal stimulus. Demand-supply issue: India’s ...
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