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…
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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…
Global and Indian Economic Prospects for 2021
31 Mar 2021 As fiscal year 2020-21 ends on 31 March, let us take stock of the economic situation. The year 2020-21 would be remembered by the unprecedented crisis brought on by COVID -19, which altered the entire economic paradigm like no other event in the recent past. The pandemic…
Bold reforms in vital sectors to catalyse growth
02 Feb 2021 The Union Budget presented in the wake of the pandemic-led economic contraction lays out many proposals to strengthen the current V-shaped recovery and sets India on the path to high growth. We believe this budget has met the twin challenges of boosting growth while laying down a…
Historic budget with growth at its centre
02 Feb 2021 Delivering on her promise of unveiling a ‘Budget like no other’, the Finance Minister announced a raft of prudent measures aimed at rejuvenating government spending towards critical areas of increasing allocation on infrastructure expansion, education, housing and health as India rolls out a vaccine drive to inoculate…
Game-changer that will help enable growth with inclusion
02 Feb 2021 Finance minister Nirmala Sitharaman has presented the Union Budget 2021-22 amidst extraordinarily difficult times created by the Covid-19 pandemic. Our GDP growth is estimated to witness the largest ever contraction of 7.7 per cent during the present year. Besides, the paucity of fiscal space, constraints within the…