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India's journey towards trade openness has been a significant marker of its economic evolution over the decades. From modest beginnings in the 1970s to becoming a pivotal player in global trade by the 2010s, the trajectory of India's trade-to-GDP ratio reflects a strategic embrace of globalization and a shift...
India's journey to becoming the largest producer of milk in the world has been nothing short of remarkable, especially considering the modest supply the country had post-independence. The White Revolution, marked by the formation of cooperative networks among rural dairy farms, propelled India's dairy industry to new heights. In...
As the Indian stock market celebrated record highs in December, a sobering narrative unfolds in the manufacturing sector, where activity has hit the brakes. The HSBC Purchasing Managers' Index (PMI) for December reported an 18-month low, registering at 54.9, down from November's 56. While a reading above 50 signifies...
Union Budget
The Union Budget for 2023-2024, presented by the Finance Minister of India, outlines the government's economic and financial plans. That is for the coming fiscal year. The budget addresses various sectors and initiatives, to drive growth, improve the standard of living, and promote entrepreneurship. From investments in infrastructure and...
A consolation letter is a document of assurance issued with the resource of the usage of a decided company or an accounting organisation to reassure a subsidiary company of its willingness to provide monetary assistance. It is an affirmation letter, now not an confirmation letter, that offers backup whilst...