Tag: Economic
In early 2019, officials in a thriving factory town in China were optimistic about the future. The local economy was booming, a new industrial district was on the horizon, and an elevated light-rail system was taking shape. "The achievements of the past year have not come easily," Mayor Wu...
In recent discussions about India's economic recovery, the concept of 'K-shaped' growth has garnered considerable attention. This term describes a scenario where different sectors of the economy recover unevenly, leading to disparities in economic outcomes. However, this uneven recovery is not limited to growth alone; it is also evident...
In today's landscape of governance and economic policy, transparency is essential for ensuring responsible management and public trust. One area where transparency is notably lacking is in the subsidy allocations for second-class AC train seats in India. Despite ongoing interest and numerous inquiries, detailed information about these subsidies remains...
Last week, India's leading telecom companies, Reliance Jio, Bharti Airtel, and Vodafone Idea, raised tariffs across voice and data plans. This move marks the third hike since 2019, signaling a significant shift in the Indian telecommunications landscape. While the increase in prices was not entirely unexpected, it raises critical...
India, a nation of over 1.4 billion people, has made remarkable strides in reducing poverty over the past few decades. Various governmental policies and programs have been instrumental in lifting millions out of poverty. However, the methodology used to identify and count those living below the poverty line (BPL)...
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...
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...
