economy

India’s Firmer attempts at Mineral Diplomacy

India's Critical Mineral Dependency: Challenges Heavy Dependency: India has a 100% reliance on imports of lithium, cobalt, and nickel. This heavy dependence poses risks, especially given the geopolitical tensions surrounding these resources. China’s Near-Monopoly: Approximately 70% of India's lithium imports...

Stagnant Wages and Slowing Growth: Addressing India’s Economic Imbalance

Key Stats About Stagnant Wages and Slowing Growth Stagnant Wage Growth Wages in key sectors have grown very slowly over the last five years (2019–2023): Engineering, Manufacturing, Process, Infrastructure (EMPI):8% annual growth. Fast-Moving Consumer Goods (FMCG):4% annual growth (highest among...

Issue of India’s Economic Growth versus Emissions

What is Decoupling? It refers to the disassociation between economic growth and environmental degradation. Types of Decoupling: Absolute Decoupling: Economic growth occurs while emissions decrease. This is the ideal scenario, achieving growth without increasing environmental harm. Relative Decoupling: Both GDP...

RBI want a hedge against Dollar Reliance, but not push for De-dollarisation

Context The Reserve Bank of India (RBI) Governor said that India is not pursuing “de-dollarisation”, and that recent measures promoting transactions in domestic currencies are intended to de-risk Indian trade. The clarification came days after US President-elect Donald Trump threatened...

RBI’s AI tool MuleHunter.AI

RBI's AI tool MuleHunter.AI It is the Artificial Intelligence/ Machine Learning-based model. Developed by: Reserve Bank Innovation Hub (RBIH). RBIH is a wholly-owned subsidiary of the Reserve Bank of India (RBI). It was set up to promote and facilitate an...

National Policy on Farmer Producer Organisations (FPO)

The Department of Agriculture & Farmers’ Welfare (DAFW) has released a draft National Policy for Farmer Producer Organizations (FPOs) to create a supportive ecosystem for their growth and efficiency. What is a Farmer Producer Organization (FPO)? Farmer Producer: Refers to...

India’s Manufacturing Sector, Growth, Challenges, and Opportunities

India's Manufacturing Sector Growth and Performance: Insights from ASI 2022-23 Impressive Sectoral Growth: Manufacturing output grew by 5% in 2022-23, with GVA increasing by 7.3%. PLI-covered sectors like basic metals, petroleum products, food products, chemicals, and motor vehicles contributed 58%...

Repo Rate and Reverse Repo Rate, Impact on Economy

Repo Rate Latest Updates The Reserve Bank of India (RBI) updated its GDP growth projection for the fiscal year 2024-2025 to 7.2%, up from the previous estimate of 7%. The GDP growth rates for the quarters in 2024 are projected...

RBI Monetary Policy Committee: Repo Rate Unchanged at 6.5%

In its latest monetary policy meeting held on December 6, 2024, the Reserve Bank of India (RBI) has decided to keep the policy repo rate unchanged at 6.5%. This decision follows an in-depth analysis of the current macroeconomic situation, with...

Banking Laws Amendment Bill 2024, Key Provisions

The Banking Laws (Amendment) Bill, 2024, was introduced in August 2024 and passed in December 2024. The Banking Laws (Amendment) Bill, 2024 aims to amend multiple banking-related laws Reserve Bank of India (RBI) Act, 1934 Banking Regulation Act, 1949 State...