On Union government accounts – Growth spending

News: Union government accounts for Q2 of 2021-22 were released. What does the report say? It showed that the government has a comparatively better fiscal position due to better revenue collection. Total revenue receipts were over 70% of the budget estimate. –Higher nominal growth, will also expand the economy and help contain the fiscal deficit… Continue reading On Union government accounts – Growth spending

The need of systems that’ll help tackle a crisis rather than deny it

Synopsis: There is a frequent economic crisis in India like coal, onion, petrol, etc. This needs immediate attention for preventing it. Introduction India has a history of economic crisis. For instance, In 2006-07, India had a wheat crisis, onion and tomato crisis appeared almost every year. The prices increase in horticulture directly impacts the Consumer… Continue reading The need of systems that’ll help tackle a crisis rather than deny it

Changing economic order

Synopsis: In the absence of a focused approach to exports in the changing global environment, longer-term growth prospects are bound to suffer. Introduction India is on track to attain the $400-billion export target this fiscal year. Exports jumped to $33.44 billion in September, registering 21.35% year-on-year growth. India is clearly benefiting from a stronger-than- expected… Continue reading Changing economic order

Clash of economy and ecology in global politics

Synopsis: We cannot ensure sustainable growth unless it is affordable and inclusive Introduction Thirty years ago, India ushered in economic reforms. As the growth intensified, the use of natural resources too increased, and it added to the pollution of our waterbodies and air. In the next two decades, India witnessed much more toxification of our… Continue reading Clash of economy and ecology in global politics

Inside India’s asset monetization gambit

Synopsis: The recently rolled out NMP project, though has the right intent, but is fraught with challenges. A look at some of them. What are some issues with the National Monetization Pipeline (NMP) project? While the Niti Aayog has listed assets worth ₹6 trillion for the NMP, by its own estimate, it can only raise about ₹3.4… Continue reading Inside India’s asset monetization gambit

Sarkar’s Reform Mode: On various economic reforms by the govt.

What is the news? In the last few months, the government has become more aggressive towards reform as evidenced by several recent policy changes. Introduction The post-Covid, or rather the living-with endemic-Covid world offers major opportunities for India to accelerate its economic growth momentum again. This economic growth alone will get us out of the… Continue reading Sarkar’s Reform Mode: On various economic reforms by the govt.

Rewiring Indian Inc

Source: Indian Express Relevance: Changed dynamics in Indian economy after 1991 reforms Synopsis: 1991 reforms was a transformational step for the Indian economy, causing a tremendous shift in the way business was carried out in India. An analysis of the changes brought by the reforms and its impact. Changes brought by 1991 reform Centrality of… Continue reading Rewiring Indian Inc

Economic reforms in 1991 – Explained, pointwise

Source: The Hindu and The Business Standard Syllabus: GS 3 – Effects of Liberalization on the Economy, Changes in Industrial Policy and their Effects on Industrial Growth. Relevance:  Economic reforms of 1991 revolutionized the Indian economy. It is important to analyze their success and failures. Introduction Three decades after India embarked upon the path of… Continue reading Economic reforms in 1991 – Explained, pointwise