The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has cumulatively slashed the key policy rate—the repo rate—by 100 basis points in 2025.Theoretical Basis: Monetarism and GrowthThe RBI’s approach reflects the influence of monetarist economic theory, which holds that a well-re...
In recent years, India has been actively pursuing Free Trade Agreements (FTAs) with various countries and trade blocs. So far, it has signed around 13 FTAs, varying widely in their scope and objectives. However, many observers remain skeptical about their effectiveness. Between 2017 and 2022, Indiaâ...
The 9th Global MSME Day was observed across various parts of India on 27th June. Reports indicate that discussions largely focused on three key areas: access to finance, product marketing, and technological challenges. The critical role of MSMEs in India’s economy was repeatedly highlighted. MSMEs...
India’s gross domestic product (GDP) grew by 6.5% in the financial year (FY) 2024–25, according to provisional estimates. This rate is the lowest after Covid period. This marks a slowdown from the 9.2% growth recorded in FY 2023–24. However, a notable improvement was observed in the primary se...
India and the United Kingdom signed a landmark Free Trade Agreement (FTA) on May 6. The deal was jointly announced by Indian Prime Minister Narendra Modi and UK Prime Minister Keir Starmer. At a time when global trade is being strained by rising protectionism and retaliatory tariffs—many of which ...
The inequality in economic development among Indian states is a striking feature in the country’s economic history. Such disparities are not unique to India; they are often inherent in the development process itself. Across the world, uneven regional development is a common phenomenon, as observed...
Tea : The Indian tea industry directly employs over 1 million people and indirectly supports around 10 million individuals, making it the second-largest producer after China. However, employment in this sector has been on a gradual decline since the 1950s and has now stagnated at around 1 million wo...
After assuming the U.S. presidency for a second term, one of Donald Trump’s first major actions was to impose tariffs on imported goods from a wide range of countries. Many commentators observed that such large-scale tariff impositions—and the retaliations they triggered—had not been seen sinc...
A recent World Bank (WB) report, titled World Bank’s Spring 2025 Poverty and Equity Brief, highlights India’s substantial progress in reducing poverty. According to the report, extreme poverty in India declined from 16.2% in 2011–12 to just 2.3% in 2022–23. This means that 171 million people...
