16 Aug 2022 India has long been connected globally, since the age of the first Spice Route, and has continued to strengthen its ties with the world still. Such has the augmentation of exports been, that India’s merchandise trade deficit in March 2022 was $18.5 billion, with exports increasing by…
Browsing CategoryEconomy
Scaling-Up Micro, Small and Medium Enterprises
25 Jul 2022 Historically, India has supported and encouraged micro, small and medium enterprises (MSMEs) through various policy initiatives by providing them with subsidized credit, technical assistance, excise tax exemptions and preference in government procurement (Expert Committee on MSMEs, RBI, 2019). The Small-Scale Reservation Policy (1967), which attempted to shield…
Despite Pressures, the Rupee’s Remarkable Resilience
23 Jul 2022 Even as the rupee has fallen sharply against the dollar, the depreciation has been relatively lower unlike previous times The Indian rupee has depreciated by around 7% against the U.S. dollar, since the start of the year, in response to various domestic and global factors. Specifically, a…
Five years of GST and the way forward
13 Jul 2022 GST is seen as a shining example of cooperative federalism aimed at taking the country towards a one-nation, one-tax and one-market regime. The unified Goods and Services Tax (GST), lauded as a historic and game-changing reform, completed five years of its successful implementation on June 30, 2022.…
Tackling Inflation and Other Challenges
15 Jun 2022 With the onset of the war in Europe, the Indian economy is facing the challenge of high inflation. The policy apparatus, which had so far been focused on reviving growth post the pandemic, has now quickly re-oriented itself to focus on inflation. The Government has taken several…
The Rise of Investment in Sustainable Finance
Sustainable finance, also known as responsible finance or green finance, refers to financial activities and investments that are conducted in a manner that promotes environmental, social, and governance (ESG) considerations, while aiming to generate long-term sustainable outcomes. It encompasses a broad range of financial products and services, including investment funds,…
The Role of Women in India’s Economic Growth Story
07 Mar 2022 A wise man of great intellect and power once said, “The best measure of a nation’s progress is the way it treats its women.” For centuries, women have faced challenges and hurdles and that has bestowed on them infinite patience, perseverance and have only helped them emerge…
The booster dose that India needs
03 Feb 2022 The budget 2022-23 has been much awaited for boosting the green shoots of growth. The finance minister has struck the right chord by focusing on public investment to crowd in private investment, thus launching in motion the virtuous cycle of demand, investments, and jobs. A real booster…
Union Budget 2022-23 Budget sets the tone for India’s aspirations
03 Feb 2022 The Finance Minister presented a very growth-oriented and transformative budget which will not only strengthen the economic recovery currently underway, but also lay the foundation for bolstering the medium to long term growth potential of the economy. Indian industry welcomes the government’s unwavering commitment towards boosting investments,…
Budget retains growth focus
03 Feb 2022 The Union Budget 2022-23 was truly a transformative and visionary document, which laid the blueprint for the next 25 years through boosting investments, creating jobs, improving ease of doing business, maintaining tax stability and support to the stressed sectors. The four key priorities outlined in the budget…