The significance of school education in shaping a nation’s development cannot be overstated. The Indian education sector is a vast and dynamic landscape that plays a pivotal role in the country’s socio-economic development. With approximately 14.89 lakh schools, more than 26.52 crore students, and 1.13 crore teachers, it stands as…
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Achieving Gender Parity
01 Dec 2023 Over two decades into the twenty-first century, the world has come a long way. Economic, Social and Technological progress have been rapid. However, there is one area where growthhas been slow and incremental, and that is Gender Parity. According to World Economic Forum’s Global Gender Gap Report…
Indian Monsoon Variability: It’s Impact on the Indian Economy
South-west (SW) monsoon, spanning from June to September is the predominant contributor to more than 70 per cent of nation’s total annual precipitation. This rainfall season coincides with the Kharif crop growing period during which major crops such as rice, pulses, oilseeds, cotton, jute, and sugarcane are cultivated. These Kharif…
Boosting Livelihood Opportunities for Women
Women play a vital role in both economic and social progress. Empowering rural women is essential for the rapid economic growth of the “New India.” The government defines women’s empowerment as granting them equal social and political rights, financial security, judicial strength, and all other rights enjoyed by men. In…
Analysing Economic Performance of Indian States
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…
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…
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…
Catalyzing Change for Social Transformation
India’s G20 Theme of ‘Vasudhaiva Kutumbakam’ or ‘One Earth, One Family, One Future’ serves as a powerful reminder of the interconnectedness of all life on this planet and the need for collaborative efforts to address multi-faceted challenges like poverty, climate change, and gender inequality towards creating an equitable world. At…
Priorities of B20 India
The priorities identified by India on the world stage are some of the most important aspects facing the world today. As one of the largest economies in the world, India has significantly influenced areas such as trade and investment, climate change mitigation and digitisation. We, at HSBC firmly believe in…