Category: INDIAN ECONOMY Fact & Analysis

The centralised planning strategy applied all these years did not work. One strategy across India cannot address the inherent differences between states. India’s economy has grown at a breathtaking pace, from a nominal GDP of Rs 87 lakh crore in FY12 to an estimated Rs 190 lakh crore in FY19. Compound annual growth rate (CAGR) […]

As per Reserve Bank of India (RBI) data on global operations, aggregate gross advances of Public Sector Banks (PSBs) increased from Rs. 18,19,074 crore as on 31.3.2008 to Rs. 52,15,920 crore as on 31.3.2014. As per RBI inputs, the primary reasons for spurt in stressed assets have been observed to be, inter-alia, aggressive lending practices, […]

The global FDI slipped by 13% in 2018, to US$1.3 trillion from $1.5 trillion in 2017, the third consecutive annual decline. According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2019, India received foreign direct investments worth USD 42 billion in 2018 India received foreign direct investments worth USD 42 billion in […]

Commonly adopted model of PPPs include: Build-Operate-Transfer (BOT). Build-Own-Operate (BOO) Build-Operate-Lease-Transfer (BOLT) Design-Build-Operate-Transfer (DBFOT) Lease-Develop-Operate (LDO) Operate-Maintain-Transfer (OMT), etc. These models are different on the level of investment, ownership control, risk sharing, technical collaboration, duration, financing etc. BOT: It is conventional PPP model in which private partner is responsible to design, build, operate (during the contracted period) […]

PM-KISAN Scheme extension to include all eligible farmer families irrespective of the size of land holdings  Historic decision during the first Cabinet meeting- PM-KISAN Yojana extended to all farmers PM Modi fulfils a major promise to farmers Now, 14.5 crore farmers to benefit from the scheme  The Union Cabinet, chaired by the Prime Minister Narendra […]

The government has decided to merge the National Sample Survey Office (NSSO) with the Central Statistics Office (CSO)under the Ministry of Statistics and Programme Implementation (MoSPI). The order dated 23rd May 2019 has cleared formation of an overarching body – National Statistical Office (NSO) through the merger of the NSSO and the CSO. The order states that the […]

India has a distinct possibility of transitioning to an upper middle-income country in another decade. Key reforms in areas such as regulatory environment, foreign investment and financial sector are unclogging the wheels of growth, making India’s growth story look resolutely positive. But notwithstanding this positive outlook, as the economic pie increases, labour cost advantages will […]

According to the latest edition of the World Bank’s Migration and Development Brief,India has retained its position as the world’s top recipient of remittances with its diaspora sending a whopping $79 billion back home in 2018. among countries, the top remittance recipients were India with $79 billion, followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion), and […]

Some reforms in India have shown the benefits of digitalisation which has also reduced the opportunities for discretion and fraud, the IMF said in its latest report on Wednesday.  The introduction of e-procurement in India and Indonesia has also increased competition and led to better quality of construction, the International Monetary Fund (IMF) said in […]