Tag: Indian Economy

For 7PM Editorial Archives click HERE → Introduction The Indian pharmaceutical industry gained global recognition during the pandemic for its role in exporting drugs, medical equipment, and vaccines to other nations. However, a series of incidents in the past six months have threatened to damage India’s reputation as a “pharmacy to the world.” These incidents include deaths in… Continue reading Issues with the drug regulatory system in India – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The new Foreign Trade Policy (FTP) document for India was just released. It focuses on improving certain processes and procedures to increase exports and lower transaction costs. The new FTP also emphasises a move towards processes that make trade easier and a focus on infrastructure for both manufacturing and services.… Continue reading India’s New Foreign Trade Policy (FTP) and its significance – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction  Recently, the California-based Silicon Valley Bank (SVB), a cornerstone of the US technology and startup industries, has failed. This marks the biggest bank failure since the 2008 financial crisis. The Silicon Valley Bank crisis has resulted in the subsequent seizure of SVB assets by regulators has generated a global wave of… Continue reading Silicon Valley Bank crisis: Reasons and Impacts - Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction  Recently, the Lancet journal published a report titled “Progress on Sustainable Development Goal Indicators in 707 districts of India: A quantitative mid-line assessment using the National Family Health Surveys, 2016 and 2021″. The report has highlighted India’s SDGs performance is not up to the mark and mentioned that India may not be able… Continue reading India’s Sustainable Development Goals | SDGs – Performance So Far – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction Officials from the Union Ministry of Health recently noted that India has started making 29 out of 43 ‘critical’ Active Pharmaceutical Ingredients (APIs) that were imported earlier. This will go a long way in reducing dependence on China. This is the outcome of the Product-Linked Incentive (PLI) scheme for pharmaceutical goods… Continue reading Domestic Manufacturing of APIs (Active Pharmaceutical Ingredients): Status, Challenges and Solutions – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The RBI had recently released its 26th Financial Stability Report (December 2022). In the report, the RBI remarked that the credit to the Microfinance sector has grown at a steady pace. However, the report highlighted the building stress levels in the loans portfolio (i.e., bad loans are increasing). The share… Continue reading Microfinance: Status, Benefits, Challenges and Solutions – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The Joshimath crisis in Uttarakhand has led to large scale displacement of the local population. The Government has halted all construction activity in the region. The reason for the crisis is being attributed to development projects being undertaken in the region. This has brought attention to the large-scale hydroelectric projects… Continue reading Hydroelectric Projects in India: Status, Benefits and Concerns – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The Union Finance Minister has presented the Union Budget 2023-24 in the Parliament. This is the last full budget before the next year’s General Elections. There were apprehensions that the Budget may resort to populist measures ahead of the election year. However, most economic experts have observed that the Government… Continue reading Union Budget 2023-24: Key Highlights – Explained, pointwise