economy

  • Editorial of the Day (9th Apr): Status of Indian Economy

    Context: The Indian economy is projected to have 7% GDP growth in 2024-25. Indian Economy: Current Status Economic Growth and Optimism GDP Growth: India's GDP grew by 8.4% in Q3 of 2023-24, with manufacturing PMI at a 16-month high of...

    Published On April 9th, 2024
  • Food Corporation of India, Structure, Function and Challenges

    Food Corporation of India The Food Corporation of India (FCI) has been a cornerstone in India's efforts to ensure food security since its establishment in 1965. Over the years, FCI has played a crucial role in procuring, storing, and distributing...

    Last updated on May 26th, 2024 02:03 pm
  • Electoral Bonds Full Data with Serial No Released By SBI to ECI

    Electoral Bonds Full Data with Serial No Out On March 21, the State Bank of India (SBI) announced that it had furnished all details concerning the electoral bond scheme, including unique numbers, to the Election Commission of India (ECI). This...

    Last updated on May 25th, 2024 02:57 pm
  • Non Performing Assets (NPA), Definition, Types, Examples

    Context: Care Ratings forecasted that GNPAs are expected to be between 2.5-2.7% in FY24 and further improve to 2.1-2.4% by FY25 end. Important Facts Historical Trend: GNPAs significantly increased from 3.8% in FY14 to 11.2% in FY18 due to stricter...

    Last updated on May 25th, 2024 02:42 pm
  • Fiscal Deficit, Causes, Disadvandages and Way Forward

    India's fiscal deficit from April to February in the fiscal year 2023-24 stood at ₹15.01 trillion, accounting for 86.5% of the revised annual estimate, according to data released by the Controller General of Accounts. This figure highlights a significant aspect...

    Last updated on May 26th, 2024 01:46 pm
  • Living Wage in India, Aiming to Replace Minimum Wage With a Living Wage by 2025

    India, one of the world's largest economies with a vast workforce, is poised to undergo a significant transformation in its wage policy. The country is moving away from the traditional minimum wage system towards embracing living wages, signaling a fundamental...

    Published On March 26th, 2024
  • Inflation, Definition, Causes, Impacts, Inflation Rate in India

    Context: RBI said core inflation is falling but food price fluctuations are affecting the RBI's monetary policy and their 4% target. Vegetable price drops during winter were minimal and temporary, with cereal, meat, and fish prices experiencing increases. What is...

    Last updated on May 26th, 2024 01:45 pm
  • Human Development Index India’s Ranking 134 Out of 193 Countries

    Context: According to the United Nations Development Programme (UNDP) report “Breaking the gridlock: Reimagining cooperation in a polarised world” India has been ranked 134th in the Human Development Index. Findings of Human Development Index (HDI) Improvement in Ranking: India's HDI...

    Last updated on May 25th, 2024 02:58 pm
  • Ports and Shipping Industry in India

    Ports and Shipping Industry in India Ports and Shipping Industry in India is surging ahead, riding on the waves of economic progress. With a coastline stretching over 7,500 kilometers and more than 200 ports, India holds a strategic position in...

    Published On February 29th, 2024
  • Spices Sector in India, List of Indian Spices, History and Government Initiative

    Spices Sector in India The spices sector in India stands as a testament to the country's rich cultural heritage and economic resilience. From ancient civilizations to modern times, spices have been integral to India's identity, shaping its culinary traditions and...

    Published On February 29th, 2024