economy

List of Finance Ministers of India 1947 to 2024

The Finance Ministry of India is an important part of the government, managing the budget, finances, and economic planning. Finance Ministers have greatly influenced India's economy over the years. This article looks at the Finance Ministers from 1947 to 2024,...

Middle Income Trap, Key Factors and Challenges for India

Middle Income Trap The middle-income trap is a situation where a country that attains a certain income gets stuck at that middle-income level and is unable to transition to a high-income level. Or The World Bank defines middle-income economies as...

Why heat, not rain, matters more for Inflation and Rural Demand

Context: Temperatures, more than rainfall or reservoir levels, have become the dominant factor in predicting food production and inflation in India. More in News Rising average temperatures and increasing volatility are strongly correlated with declining crop yields and rising food...

Per Capita Income of India, Calculation Methods and State-wise Data

Per capita income (PCI) is a key economic indicator that reflects the average income earned per person in a given area. It is an important measure for assessing the economic performance of a country or region and helps in understanding...

An Opportunity To Rethink India’s Pension System

India's pension system has evolved significantly over the years, marked by three major schemes: the Old Pension Scheme (OPS), the New Pension Scheme (NPS), and the proposed Unified Pension Scheme (UPS). Each scheme represents a different phase of government policy,...

Unemployment Rate in India, Current Rate, Historical Trends, and Analysis

Youth unemployment is a critical issue affecting India's economic growth and social stability. The Periodic Labour Force Survey (PLFS) 2023-24 data reveals significant disparities in youth unemployment rates across states and Union Territories (UTs), with Kerala among the highest and...

Evaluating the Impact of Corporate Tax Cuts

Context: In the years before the pandemic, two of the largest economies in the world — the U.S. and India — cut corporate tax rates in an attempt to stimulate growth. Tax Cuts in the USA Legislation: The Tax Cuts...

Supreme Court’s Stance on Bail in Money Laundering Cases

SC on Bail in Money Laundering cases The Supreme Court of India has progressively shifted its stance on bail, especially in the context of money laundering cases under the Prevention of Money Laundering Act (PMLA). More in News The court...

RBI to launch Unified Lending Interface (ULI), Check Features and Benefits

Context: The RBI Governor has announced that the nationwide launch of the Unified Lending Interface (ULI) will happen soon. What is Unified Lending Interface (ULI)? ULI is a digital platform to simplify the lending ecosystem. It is designed and developed...

Sustainable Mass Employment, Components, Significance

India, despite its rapid economic growth, faces a significant challenge in providing sustainable employment opportunities for its vast population. What is Meant by Sustainable Employment? Sustainable employment is the ability of the employee to provide added value for an organisation...