News: Recently Union Budget 2022-23 has been released which has focused on expanding capital expenditure. The article discusses the projected growth, revenue, expenditure, debt and real growth. What is projected income growth? Budget has projected a nominal GDP growth estimate of 11.1% for 2022-23. The real GDP growth is estimated of 8% with an implicit… Continue reading A takeaway is the good infrastructure push
Tag: gs paper 3
Budget sets up the digital pitch for India to bat on
News: Finance Minister has recently presented the budget. Although there are many positives in the Indian economic scenario like with 9.3% India is the fastest-growing large economy, it has over $630 billion of foreign reserves equalling 13 months of imports. However there are some challenges too like the problem of unemployment rate. How the… Continue reading Budget sets up the digital pitch for India to bat on
Doing Business in a New World
News: Recently, Luttwak an amercian startegist discussed the legacy of the Indian strategist late K Subrahmanyam and addressed the emerging consensus on the importance of economics in global affairs. Contents1 What is current scenario of Indian economy?2 How geo-economics plays a significant role in geopolitics?3 How India is adapting to new geo-economic order?4 What is… Continue reading Doing Business in a New World
Amplify e-commerce and help all MSMEs reach markets online
News: The author of this article says that to achieve a $5 trillion economy, India should boost digitalization. It will support MSMEs, ensure GST parity and empower small businesses to venture into the online ecosystem and diversify their operations. What is the significance of digitalization? One, Covid has caused shift in all spheres of lives,… Continue reading Amplify e-commerce and help all MSMEs reach markets online
How Auroville can teach us all a thing or two about offsetting carbon
News: The Auroville Forest Group, a non-profit in Puducherry, has introduced a new method of increasing tree cover that can mitigate climate change effectively in the future. Lessons from Auroville can be implemented on a larger scale all over the country. Auroville, an international town in Puducherry, has planted about three million trees from 1968… Continue reading How Auroville can teach us all a thing or two about offsetting carbon
How surging oil prices threaten world’s climate goals
News: Oil prices globally have seen a massive surge due to reduced supply and increased demand due to economies rebounding from the effects of the COVID-19 pandemic. The geopolitical tensions in Russia-Ukraine are also helping the price surge. What are the implications of the price rise? Economic aspect: Companies may be tempted to invest in oil… Continue reading How surging oil prices threaten world’s climate goals
A hazy picture on employment in India
News: This article says that the employment data in India is not consistent and does not show a clear pattern. The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent changes in the first indicator,… Continue reading A hazy picture on employment in India
We should expect the economic cost of the closed minds to increase
News: Although the Omicron variant has not caused the expected damage and this is seen as a positive development in global fight against the pandemic. However, the World Bank’s biannual Global Economic Prospects report shows that the effect of the pandemic is far from over. What are the predictions in the report for global economy? … Continue reading We should expect the economic cost of the closed minds to increase
For the finance Minister to note
News: World Inequality Report 2022 has pointed out that India is now among the most unequal countries in the world. Inequality today is as great as it was at the peak of western imperialism in the early 20th century. The pandemic has only worsened it. Contents1 What does the report says about the inequality… Continue reading For the finance Minister to note
Show commitment to equity in the Budget
News: Recently, Oxfam International presented “Inequality Report” with the title “Inequality Kills”. What does the report say? One, the report highlighted the growth in wealth of a few and the simultaneously increasing poverty among millions. Two, more than half the world’s new poor are from India and 84% of Indian households have suffered a loss… Continue reading Show commitment to equity in the Budget
