Category: INDIAN ECONOMY Fact & Analysis

The National Clean Air Policy lays down the road map for Indian cities to clean up their act in the next five yearsA frank policy document is usually a contradiction in terms in India. Problem statements are given short shrift, achievements—especially those of the government of the day—are trumpeted, challenges are almost never addressed with […]

Transport infrastructure in India has grown at an unprecedented rate during nearly the last five years. We can, in fact, claim that this has been a period of “highest evers” and “never befores” for the sector. At the highest ever pace of construction, we have built more than 35,000 km of national highways in four […]

Agrarian crisis: Direct transfer more efficient, effective than input subsidies The government subsidises agriculture in a number of ways. It provides direct subsidy through fixation of minimum support price for essential crops and purchase of machinery, drip and sprinkler irrigation under various centrally-sponsored schemes. The indirect subsidy is extended through provision of inputs such as irrigation, […]

India set to benefit as wind power gains speed Access to cheap energy is essential to India’s sustained accelerated growth. As per International Energy Agency (IEA), India’s aggregate energy consumption will more than double by 2040. India’s economy is the world’s sixth-largest by nominal GDP and the third-largest by Purchasing Power Parity (PPP). It is the […]

Around the world today, the central challenge for achieving inclusive economic prosperity is the creation of sufficient numbers of “good jobs”. Without productive and dependable employment for the vast majority of a country’s workforce, economic growth either remains elusive, or its benefits end up concentrated among a tiny minority. The scarcity of good jobs also […]

Banking Sector Reforms In terms of Reserve Bank of India’s Extant Guidelines on Priority Sector Lending, a target of 10 percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposure (CEOBE), whichever is higher, has been prescribed for lending to Weaker Sections. Reserve Bank monitors the performance of banks against the […]