economy

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...

30% Jump in Gold Loan NPA’s, Key Statistics and Reasons

Context: According to data provided by RBI Non-Performing Assets in gold loans have increased significantly among banks and non-banking finance companies (NBFCs). Key Statistics on Gold Loan NPAs Total NPAs: Rose 30% to ₹6,696 crore by June 2024, up from...

India’s Aviation Industry, Potential and Associated Challenges

An Air India Airbus A320 aircraft bound for Hyderabad mistakenly entered a parallel taxiway instead of the main runway at Goa’s Mopa airport. The crew had to reject the takeoff, an incident categorized as "runway confusion." The Directorate General of...

Wealth Tax Policy in India

What Is Wealth Tax? It refers to a type of direct tax imposed on the net wealth or assets owned by an individual, Hindu Undivided Family (HUF), or company. It is based on the value of certain assets owned as...

Rupee’s Real Effective Exchange Rate Climbs to 108.14: RBI Report

Context: Despite depreciating against the US dollar, the rupee's Real Effective Exchange Rate index reached a record high of 108.14 in November 2024, indicating its appreciation in 'real effective' terms. Factors Contributing to the Current Scenario Global Dollar Strengthening: The...

Top 10 Richest States in India by GDSP and GDP Per Capita

India, the world’s fifth-largest economy, is on a remarkable growth trajectory, aiming to become the third-largest by 2030. The country’s economic progress is significantly shaped by its states, each contributing uniquely to the national GDP. Gross State Domestic Product (GSDP)...

Union Budget 2025-26 in Agriculture

Challenges in Indian Agriculture Impact of Climate Change: Temperatures in India have risen by 0.7°C since 1951. July-September precipitation has declined by 6%, increasing risks to agricultural productivity. Soil Health Issues: Low organic carbon content and inadequate moisture retention in...

Export Can Drive the Growth

Context: In India consumption is subdued and private investment is weak. But exports could offer a way out. More in News India’s GDP is roughly $4 trillion while global GDP is a little more than $100 trillion. That means that...

Goods and Services Tax (GST), Objectives, Features, Subsumed Taxes

The 55th GST Council meeting, held on December 21, 2024, in Jaisalmer, Rajasthan, under the chairpersonship of Union Finance Minister Nirmala Sitharaman, introduced significant changes to India’s Goods and Services Tax (GST) framework. These changes aim to simplify compliance, reduce...

Stagflation, Causes, Impacts, and Policy Responses

Context: In a recent statement External member of the Monetary Policy Committee Nagesh Kumar said that India is in a slow growth-high inflation scenario, largely due to food prices with significant weight in the Consumer Price Index. What is Stagflation?...