13 Oct 2023 The deficit in rainfall continues as we inch closer the end of the southwest monsoon season, which runs from June to September and provides over 70 per cent of India’s annual rains. The season is crucial because only 52 per cent of India’s gross sown area is…
Browsing CategoryEconomy
Financial Inclusion for Economic Empowerment
Financial Inclusion plays a pivotal role in fostering Economic Empowerment, creating a symbiotic relationship. Innovative financial products, such as cash-flow-based lending rather than traditional collateral-based lending, can greatly expand access to capital for underserved segments like Micro, Small, and Medium Enterprises (MSMEs), women, and farmers. Financial offerings that prioritize privacy…
Financial Inclusion and Fintech: Empowering the Global Economy
04 Jul 2023 The world economy continues to grapple with the aftermath of the pandemic, which not only resulted in loss of lives and widespread misfortune but also caused far-reaching effects such as disrupted supply chains, mounting global debt, and an impending global recession. One significant consequence has been the…
Emerging Gig Economy: Opportunities & Challenges for Job Creation
Over the last few decades, internet and telecom connectivity spread across the world at a sustained pace. However, the COVID-19 pandemic has given technology solutions an unprecedented acceleration. In 2020, there were 622 million active internet users in India, and it is further poised to increase in the next three…
Financial Inclusion for Economic Empowerment
The world economy, which has yet to fully recover from the devastation caused by the pandemic, is once again being confronted with fresh challenges arising from the conflict in Ukraine, disruption of global supply chains, unprecedented global debt, expected global recession, and a lot more. The impact of the pandemic…
Time for RBI to Pause
The backdrop for the forthcoming monetary policy committee meeting to be held this week has sharply altered since the February meeting owing to financial stability risks emanating from the US banking sector. On the domestic front, the monetary policy normalisation has led to rate hikes of 250 basis points so…
Economy 2022-23 and Outlook for 2023-24
In a world that is more interconnected than ever before, all countries are getting impacted by what’s happening in other countries. The uncertainty caused by the evolving global scenario is weighing heavily on the outlook for economies across the globe. Amidst this, the Indian economy remains a bright spot and…
Fiscal Deficit: Way Forward
The momentous performance of the Indian economy in recent times has rekindled dreams – and aspirations- of the country emerging as a developed economy in the near future. It is well recognised that to bring this dream to fruition, it is important that the economy continues the high and resilient…
Enabling Insurance for All
23 Feb 2023 India’s overall insurance penetration stood at 4.2 per cent in FY21, with life at 3.2 per cent and non-life at 1.0 per cent against a global average penetration of 7.4 per cent, with life at 3.3 per cent and non-life at 4.1 per cent. In terms of insurance…
Budget Displays a Vision to Sustain Growth Amid Global Uncertainties
07 Feb 2023 The Union Budget 2023-24 was presented at a time when domestic growth drivers were reviving while global uncertainty continued to be high. At such a juncture, the Budget was expected to articulate a growth strategy, which it did. The finance minister focused on driving up public capital…