Why Record FDI Inflow is Not a Cause for Celebration?

Synopsis: The record level of FDI inflows in India for the year 2020-21 does not match the development priorities of the government. Background In a recent press release, the Ministry of Commerce and Industry announced that India has attracted the highest ever total FDI inflow (U.S.$81.72 billion) during the financial year 2020-21. This is 10… Continue reading Why Record FDI Inflow is Not a Cause for Celebration?

World Bank’s “Global Economic Prospects Report” predicts India’s growth as 8.3%

What is the News? The World Bank has released the Global Economic Prospects Report. About the Global Economic Prospects Report: Global Economic Prospects is a World Bank Group flagship report. It is issued twice a year, in January and June. Aim: To examine global economic developments and prospects with a special focus on emerging markets… Continue reading World Bank’s “Global Economic Prospects Report” predicts India’s growth as 8.3%

World Bank’s “Migration and Development Brief”: India is the top receiver of remittances

What is the News? The World Bank has released a report titled “Migration and Development Brief, 2020”. Key Findings of the Migration and Development Brief:  Findings Related to India: Firstly, India has received the highest amount of remittances in 2020. This was followed by China, Mexico, the Philippines, Egypt, Pakistan, France and Bangladesh. Secondly, India’s… Continue reading World Bank’s “Migration and Development Brief”: India is the top receiver of remittances

Suggestions for Inclusive growth in India

Synopsis: India lags behind many Human development indicators. India’s economic growth is not benefitting the poor. There is a need to create a new framework for measuring the inclusiveness of growth. Why India’s Economic growth is not inclusive? One, Rising hunger: According to the Global Hunger Index 2020 India ranks 94th amongst 107 countries. Two,… Continue reading Suggestions for Inclusive growth in India

Impacts and importance of GDP revised estimates

Source – The Indian Express Syllabus – GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development, and employment. Synopsis – Revised estimates of GDP are released. It would impact the growth prediction and levels of the future National Income. Introduction Last week all major financial publications were released i.e.… Continue reading Impacts and importance of GDP revised estimates

Focus areas of Economic Survey 2020-21

Source- The Indian Express Syllabus- GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development, and employment. Synopsis – The Economic Survey 2020-21 outlines the status of various sectors of the economy.  Introduction- The government presented Economic survey 2020-21 of India in the Parliament. The Economic survey provides a summary of the… Continue reading Focus areas of Economic Survey 2020-21

Reviving consumption demand for economic growth 

Synopsis- Expenditure side of National Income is showing signs of stress. The government should try to revive the consumption side to return to the growth path.  Introduction  The first advance estimates of GDP growth for FY21 is more optimistic than the projections provided by many institutions, global and domestic.   However, the figures still have a substantial chance of uncertainty as the source… Continue reading Reviving consumption demand for economic growth 

Issue of K-shaped recovery: How government budget can deal with it?

Synopsis –The macro-implication of K-shaped recovery and labour market pressure. How the government budget will deal with it?  Introduction-    COVID Vs Economic Mobility – India has broken the link between COVID virus proliferation and mobility earlier and more successfully.  India’s GDP estimates for 2020-21 show that the economy is expected to perform much better than earlier projections.  However, the present economic recovery is a… Continue reading Issue of K-shaped recovery: How government budget can deal with it?

World Bank’s Global Economic Prospects Report predicts contraction of Indian economy

News: The World Bank has released the Global Economic Prospects report. Facts: Global Economic Prospects Report: It is a World Bank Group flagship report that examines global economic developments and prospects, with a special focus on emerging markets and developing economies. It is issued twice a year, in January and June. Key Takeaways from the… Continue reading World Bank’s Global Economic Prospects Report predicts contraction of Indian economy

Economic Impact of Internet shutdown in Indian and world economy

News: According to a report by the UK-based privacy and security research firm Top10VPN, India has suffered the longest internet shutdowns in 2020 globally. Facts: Key Takeaways from the report: Globally, internet shutdowns cost the world economy $4 billion. However, this represents a 50% decrease in impact compared to $8.05 billion in 2019. India has… Continue reading Economic Impact of Internet shutdown in Indian and world economy