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
Tag: 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
