Amid the onslaught of Covid-19 and the Russia-Ukraine war, commoners are reeling under threatening economic conditions. Much was being expected from the Budget 2023. It was expected that it will try to provide respite from the tough economic conditions. However, this Amritkal budget seems to have se...
The Economic Survey is presented in both the houses of parliament every year one day before the presentation of the Annual Budget. The survey provides information about the state of the economy with the help of several economic indicators. It also forecasts economic activity for the coming year or y...
India’s external sector is of some concern. Merchandise exports have not improved in recent months. India’s share of world exports has been below the average rate of 2% of the previous decade despite the slowing down in the global pandemic of Covid-19 in recent months. In the first quarter of 20...
The Indian logistics industry employs over 22 million people, acting as the backbone and connecting thread among multiple industries. The dedicated freight corridors, road, rail, and sea (ports) connectivity enables and strengthens the supply chain in India accelerating economic growth. Till 2021, t...
India is the third-largest importer and consumer of oil worldwide and in the upcoming fiscal starting on April 1, India’s gasoline demand is predicted to increase by 4.7%. According to government projections, fuel consumption, a proxy for oil demand, could increase to 233.8 million tonnes in 2023â...
Economic Survey released on 31st January this year had projected that the GDP growth in 2022-23 will remain7% whereas for the year 2023-24, it is forecasted to be 6.5%. The estimates of receding growth in India are inline with such estimates revealed earlier by the IMF, World Bank, etc. The growth s...
The world economy is anticipating inflation and recession. The developed countries are particularly worried about it. The heads of organisations like the International Monetary Fund are categorically pointing out about continuing high price inflation and the high possibility of several economies ent...
The news on the external sector of India’s economy, as we enter the new year is not favourable. 2023 began with challenges. They stem from both global and domestic factors. The World Trade Organization (WTO) has revised downwards its previous global trade growth forecast from 3.4% to 1%. Interest ...
Few asked this question. Is it true? Hopefully, by the end of this article and analysis, we may find an answer. Before going into whether we are heading to the global recession, it is important to understand what are the characteristics of global recession. Characteristics of Global Recession:There ...