economy

Economic Capital Framework by Reserve Bank of India (RBI)

Context The Reserve Bank of India (RBI) approved the transfer of a record ₹2,10,874 crore as surplus to the Union government for the accounting year 2023-24. This transfer is more than double the ₹87,416 crore transferred in FY23. More in...

Why has India Volatility Index Surged?

Context: The India VIX experienced a significant surge of approximately 53%, reaching a peak of 21.88. What is the Volatility Index? The Volatility Index (VIX), also known as the Fear Index, measures the market’s expectation of volatility over the near...

Wholesale Price Index (WPI) 2024 Latest Data for Major Commodities

Wholesale Price Index Latest Data in 2024 The Wholesale Food Index rose at an eight-month high pace of 5.5% in April, compared to 4.65% in March. More In News Inflation surged to a 13-month high of 1.26% in April, up...

India-Iran Agreement for Chabahar Port for 10 Year and Geopolitical Challenges

Context India and Iran signed a 10-year contract for the operation of the Shahid-Beheshti terminal at Chabahar port. The agreement was signed between Indian Ports Global Ltd. (IPGL) and Iran's Port and Maritime Organisation (PMO). Strategic Importance of Chabahar Port...

India’s Top Trade Partner and Trade Deficit Concerns

Context: In FY24, China overtook the US to become India's largest trading partner, with bilateral trade totalling $118.4 billion. Comparison with the United States US Trade: India-US bilateral trade stood at $118.3 billion in FY24. Indian exports to the US...

Demographic Dividend, Important and Challenges for India

A demographic dividend is a period when the working-age population is larger than the dependent population. The working-age population is usually between the ages of 15 and 64, while the dependent population is 14 years and younger or 65 years and...

Index of Industrial Production 2024, Formula, Calculation, Importance

Index of Industrial Production 2024 India's industrial output growth slowed to 4.9% in March 2024, down from February's 5.6%. Mining Output Decline: Mining output growth decelerated to 1.2%, marking a 19-month low. Manufacturing Surge: Manufacturing, constituting 77.6% of the Index...

Non Market Economy, Criteria, Implications and Impact

Context: Vietnam wants the United States to change its designation as a "non-market economy" to a "market economy." This change would help Vietnam reduce the high tariffs placed on its goods imported into the US. Overview of Non Market Economy...

India’s Agri Trade, Import Trends and Policy Effects

Context: India's agricultural exports dropped by 8.2%, totalling $48.82 billion, down from a record $53.15 billion in 2022-23 and $50.24 billion the previous fiscal year. More In News This decline follows a previous downturn where exports fell from $43.25 billion...

Inheritance Tax in India, Key Aspects, History, Challenges

Recently, the discourse surrounding wealth redistribution and income inequality has gained significant debate in India. Among the various proposed measures, implementing an inheritance tax has emerged as a subject of considerable debate. In this article, we will discuss the concept...