economy

Legal Guarantee to Minimum Support Price (MSP)

Context: Recently demand for a legal guarantee to minimum support price (MSP) was raised by the agitating farmers in Punjab. What is the Minimum Support Price? The Minimum Support Price (MSP) is the price at which the government commits to...

Official Gold Import Figures for Nov Revised Down by $5 Billion

Context: The Ministry of Commerce and Industry has revised the gold import figures for November, reducing them by $5 billion from $14.8 billion to $9.9 billion. Overview of Gold Import Data Revision Initial Data: Gold imports for November 2024 were...

Decoding India’s Growth Slowdown

Context: The first advance estimates of India’s Gross Domestic Product (GDP) for the fiscal year 2024-25, released by the National Statistics Office (NSO). What was the Finding? A decline in the real GDP growth rate to 6.4%, down from 8.2%...

India Post Payments Bank (IPPB), Revolutionizing Digital Banking in India

India Post Payments Bank (IPPB) is a unique initiative by the Government of India to promote financial inclusion through digital banking services. Established under the Department of Posts, IPPB leverages the extensive network of post offices nationwide to provide accessible,...

The Outlook for India in the Year Ahead

Context: India stands out globally due to economic growth and political stability, amidst a world witnessing profound economic and geopolitical shifts. Challenges for India in 2025 China Relations Recent Developments: Border Negotiations: Apparent disengagement at the Line of Actual Control...

Income Disparity Reduced in FY23 in India and Global Comparison

Context: A working paper by the People Research on India’s Consumer Economy (PRICE) indicates that income inequality in India decreased in 2022-23. PRICE is an Not for profit think tank based in Delhi. Key Findings of the PRICE Working Paper...

7- Point Agenda For Employment Generation

Context: The Confederation of Indian Industry (CII) has proposed a 7-point agenda to boost employment generation in the country. Facts India, with a median age of 29, is projected to add 133 million individuals to its working-age population by 2050....

With Global Instability, India Needs Harmony to Shore up its Economy

Political Upheavals in Different Countries (2024) South Asia Bangladesh: Sheikh Hasina returned to power in January but was ousted by student protests in August, forcing her to flee the country. Sri Lanka: September elections replaced traditional parties, bringing the National...

Importance of Consumption for Economic Growth

Consumption Still A Concern Facts and Data GDP Growth: GDP growth slipped to 4% in the second quarter of 2024-25. Bank Credit Growth: Slowed for the fifth straight month in November. Core Infrastructure Sector Growth: Expanded at a four-month high...

The Rise of UPI and Challenges of a Market Duopoly

UPI's Growth and Success Key Statistics: UPI accounts for nearly 8 out of 10 digital transactions in India. In August 2024 alone, UPI transactions totaled over ₹20.60 lakh crore. Achievements: UPI has significantly enhanced public trust in digital payments, especially...