India stands as the world’s fastest-growing major economy and is well poised to reach US$9 trillion milestone by 2030. States hold the key to achieving this vision, as they drive India’s economic growth and development trajectory. However, regional disparities loom large in India’s economic performance, stemming from diverse geography and varying state-level economic growth. Five states – Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh are the major…
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Truant Monsoon and India’s Growth Prospects
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…
FinTech Revolution in India
07 Oct 2023 India is currently experiencing a radical transformation in its financial sector due to the rapid growth of Financial Technology, or FinTech. This transformation is reshaping the delivery of financial services, creating new avenues for innovation and inclusion. This article explores the emergence of FinTech in India, delving…
NewSpace: India Perspective
30 Oct 2023 From the launch of the first Indian satellite Aryabhatta in 1975 to the latest Chandrayaan-3 mission to the Moon, India has established itself among the leading spacefaring Nations, under the leadership of ISRO’s Indian Space Program – ably supported by Private and Public sector industries. The Indian Space sector…
New ‘Yashobhoomi’ in Delhi will Help Promote Inclusive Growth
With a pragmatic, transformative and focused approach, the Indian government has taken another decisive step to showcase the nation’s prowess during the “Amrit Kaal” through the inauguration of “Yashobhoomi”, the second iconic world-class exhibition centre in Delhi. The exhibition centre, which has among the world’s largest MICE (Meetings, Incentives, Conferences,…
Funding India’s Economic Growth
26 Sep 2023 Any country’s economic growth is not just about GDP but more so about the factors that build that GDP and per capita GDP. One of the most important factors that influence GDP growth is demographic distribution. As per various estimates by 2047, India will have a 1.1…
B20 Powers G20 Declaration: Creates Avenues for Industry
India saw a hugely successful G20 summit, capping an intensive year where it shaped the narrative for the global economic policy-making body. G20 brought the world to India, showcased our economic dynamism and technological prowess, and opened new horizons for sustained growth. Given the many challenges confronting the global economy…
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…
Strengthening Social Protection in the Changing World of Work
The world of work is undergoing a seismic shift, driven by rapid technological advancements and the imperative to address climate change. These transformations present exciting opportunities but also pose significant challenges. As the world navigates this period of flux, it becomes increasingly crucial to strengthen social protection systems to ensure…
Accelerating Growth of India’s Space Sector
13 Sep 2023 India’s space exploration prowess has recently reached new heights, with the landing a rover near the South Pole of the Moon and launch of India’s first solar space observatory mission, Aditya-L1. This remarkable feat symbolizes the excellence and determination of Indian Space Research Organisation (ISRO) and the Indian space Industry at large. India has achieved remarkable progress in the space sector in recent…