Our broken growth model is in acute need of some repair work

Source: Live Mint Relevance: Battling the slowdown in Indian economy Synopsis: Solving India’s chicken-and-egg problem of income and investment will take government action. Background India was expected to grow in double digits in 2021-22. However, most double-digit economic growth forecasts for the current financial year have been cut to single digits. For instance, the International… Continue reading Our broken growth model is in acute need of some repair work

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

Analysis of government relief package- Explained, pointwise

Syllabus: Indian Economy and issues relating to planning, mobilization, of resources Introduction The Indian economy has fallen behind by several years if one looks at the gross domestic product (GDP) numbers, the sectoral value added in manufacturing and construction, or the actual off-take of items like electricity, steel, cement, vehicles, and so on. The principal… Continue reading Analysis of government relief package- Explained, pointwise

Rural economy is the key to revival of Indian economy

Relevance: Decline in the GDP due to COVID, the role of agriculture and rural employment generation in the revival process   Synopsis: The rural economy continues to remain crucial for any strategy of economic revival.  State of economy:  As per the National Statistical Office (NSO) the Indian Gross Domestic Product (GDP) declined by 7.3%.  This was partly a result of a slowdown in economic activity since 2016-17 and partly… Continue reading Rural economy is the key to revival of Indian economy

MCA expands small firm definition, raises turnover and borrowing limits

  What is the News? The Ministry of Corporate Affairs (MCA) has expanded the definition of small and medium companies (SMC) raising their turnover and borrowing limits. What are Small and Medium Companies? Small and Medium Companies are unlisted entities that are not banks, financial institutions, or insurance firms. turnover not exceeding Rs. 250 crores… Continue reading MCA expands small firm definition, raises turnover and borrowing limits

Impact of Fed’s Policy changes on the Indian Economy

Synopsis: The decision of U.S federal reserve to increase interest rates by 2023 will have a significant impact on India. It may depreciate the Indian rupee and increase the inflation levels in the country thereby demanding robust reforms.   Why is a change in Fed rates a concern for all?  Any interest rate change in the U.S… Continue reading Impact of Fed’s Policy changes on the Indian Economy