15 Aug 2019 India celebrates its 73rd Independence Day on 15th August 2019. Its development journey over the last 72 years has been marked by significant milestones and reforms that enabled it to achieve substantial progress in many areas including rise in income levels, growth, literacy, life expectancy and a wide variety…
Browsing CategoryEconomy
Celebrating Volunteerism!
14 Aug 2019 The best way to find yourself is to lose yourself in the service of others. – Mahatma Gandhi India is known for its historical tradition of giving or volunteering. While many anecdotal references can be found in the ancient religious scriptures and texts, India’s most recent and…
Private Investment could Catalyze India to a Global R&D Powerhouse
08 Aug 2019 There is little doubt that India has the potential to become a global Research & Development (R&D) powerhouse. The Indian Government has been taking some proactive steps to make India a leading R&D hub in Asia. Its latest initiatives under Make in India, Start-up India and Digital…
The auto sector’s revival holds the key to India’s $5 trillion economy
06 Aug 2019 This financial year (FY2019) saw the Government of India set an ambitious target to make India a $5 trillion economy within five years. The country will need to grow at around eight per cent annually to reach the target by 2024-25. Global growth slowed down considerably in…
Boosting Indian Exports with Potential
29 Jul 2019 Exports are a critical component of a country’s Gross Domestic Product. Thus, boosting exports is central to achieving higher growth and economic prospects. This assumes greater relevance at a time when the global environment has become increasingly uncertain, given rapidly changing global trade dynamics and an increasing…
CII Post Budget Analysis
12 Jul 2019 The Union Budget presented on 5th July 2019 by the Finance Minister Smt. Nirmala Sitharaman introduced many measures to foster the growth and inclusive development to make India a USD 5-trillion economy by 2025. The Budget is pragmatic and forward looking and aims to achieve a fine balance…
Modi 2.0 Budget bolsters investment
09 Jul 2019 The first Budget of the Modi 2.0 government came at an opportune time when there was an urgent need for providing stimulus to kick-start growth which had fallen to multi-year low in the last fiscal. The Union Budget 2019-20 did not disappoint. The Budget announced host of…
Budget to take India on the path of inclusive growth
09 Jul 2019 The Union Budget 2019-20, the first Budget of the newly elected government, has been announced at a time when our macro-economic milieu continues to be domestically and globally challenging. The ongoing economic slowdown and the accompanying worries — sluggish industrial and manufacturing production, subdued consumption and tepid…
The focus on fiscal prudence is welcome
07 Jul 2019 The first Budget of the new government, slated for the remaining nine months of this fiscal year, had numerous challenges to address, both on the domestic front and the external front. With a tight adherence to fiscal prudence norms, Finance Minister Nirmala Sitharaman has taken firm steps…
Enhancing Skills Critical for Boosting Employability
03 Jul 2019 With the Budget 2019-20 to be presented shortly, job creation is expected to be the topmost priority on the Government’s agenda. Innovative ideas are necessary to explore ways to create more jobs in the economy, especially in the labour intensive sectors such as agriculture, construction, textiles, etc.…