10 Sep 2021 The Gross Domestic Product (GDP) numbers printed at 20.1 per cent in the first quarter of April – June 2021-22 (Q1FY22). While in a normal year this would have been considered extremely good, the fiscal year 2021-22 was anything but normal, with the first wave of the…
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Life Insurance in 2021: Paving the Way for Protective Financial Inclusion
23 Aug 2021 The pitch for financial inclusion in India got stronger this year especially against the backdrop of the pandemic. Today, more than 65 per cent of India’s population lives in rural towns or villages. Largely comprising of an “Earn and Pay” arrangement, the anomaly in a steady stream…
Crucial Role of Insurance in Financial Inclusion
19 Aug 2021 The penetration of insurance in India is 3.76 per cent of the country’s GDP. Isn’t it surprising to see that a financial tool which is capable of covering risks you or your assets face has such a dismal penetration? I firmly believe that insurance plays a crucial…
CII Annual Meeting 2021: Government & Business Working Together for Atmanirbhar Bharat
10 Aug 2021 India will mark its 75th Independence Day on August 15, 2022, making this year’s Independence Day a special one. In the run-up to this milestone, the Government of India is celebrating the occasion with the clarion call of Hon’ble Prime Minister for Azadi Ka Amrit Mahotsav to build…
Economic recovery continues to strengthen
03 Aug 2021 With continuing moderation in the global COVID-19 case count, the world is gradually moving towards recovery. The IMF expects the global economy to grow at 6.0% in 2021 after it contracted by 3.2% in 2020. The US is leading the way in global recovery as the impact…
Closing Gender Gaps in a COVID-19 World
24 Jul 2021 Gender inequality continues to be one of the most pressing challenges of our times. As per World Bank estimates, while women constitute around 50% of the population, they only account for around 39% of the global labour force, as of 2019. The COVID-19 pandemic, which continues to spread…
Reviving Employment and Livelihoods in India: Covid-19 and After
12 Jul 2021 The Covid-19 pandemic has delivered a tremendous blow to the global economy. In India, two waves of infections with associated containment measures have caused a massive disruption in the labour market. As the economy emerges from the second wave, far deadlier than the first, it is necessary…
India’s Economic Performance during 2020-21
11 Jun 2021 The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MOSPI), Government of India, recently released the quarterly estimates of Gross Domestic Product (GDP) for 2020-21 for the fourth quarter (Q4), along with the provisional estimates of annual income for the same period on 31 May, 2021. GDP…
COVID-19 and Global Economic Forecasts
09 Jun 2021 The global economy experienced an unprecedented economic shock with the advent of the COVID-19 pandemic, that caused widespread disruptions and affected millions of lives and livelihoods. Vaccine rollouts and high inoculation coverage in major economies along with coordinated policy support from Governments across the world have significantly…
NIP and NMP: The Pipeline Jugalbandi
20 Apr 2021 In his Independence Day speech of 2019, Prime Minister Narendra Modi announced the launch of the National Infrastructure Pipeline (NIP) — a comprehensive plan of infrastructure development. On December 31, 2020, the finance minister unveiled the detailed NIP Report setting out a capital expenditure plan of Rs…