Recently the rating agency, Fitch, slashed the GDP growth forecast for FY19 of the Indian economy. The Fitch estimates put it at 6.9% from the 7.2% growth projected last December. It is not the only institution that has expressed doubts over the recent economic performance of the Indian economy. Man...
Migrant workers are a special feature of the economy of Kerala. The state has both high outward and inward migration of labour. While there’s a lot of attention paid to outward migration and its economic implication, inward migration is a relatively less explored. For Keralites, migration to the G...
Rajasthan, the biggest state of modern India has been historically famous for its military entrepreneurship. From the beginning of the 16th century, many famous Rajasthani kings like Himu, Rana Hamir Singh, Rana Kumbha and Rana Pratap protected this land from waves of foreign invasions. However, aft...
As of now, the contribution of the services sector in producing the Gross Domestic Product (GDP) of India is more than 50%. Agriculture contributes around 14% and industry and manufacturing sector contribute the rest.There is an economic perception that every economy has to pass through different ph...
The West Bengal government organised the fifth Bengal Investment Summit on February 7-8, 2019, with great fanfare. According to Chief Minister Mamata Banerjee, the business meet has been able to generate investment proposals of around Rs. 2.84 lakh crore. The total investment proposal in the la...
Against the backdrop of recent farmers’ agitations in large parts of India and the BJP’s unexpectedly poor electoral performance in many states, it was expected that the NDA government would present a farmer-centric rural budget this time round.The first reaction to the interim budget speech of ...
Minimum Support PriceIn India, the Commission for Agricultural Costs and Prices has recommended Minimum Support Prices (MSP) for 23 agricultural commodities. On the basis of that recommendation, the central government announces MSPs at the beginning of the sowing seasons.The MSP is a form of market ...
The worst for India’s banking industry may be over. It is expected that banks have already disclosed all their restructured assets. Therefore all the NPAs have been revealed. New slippages, but nothing significant, may occur. But that always happens in businesses. There may be financial problems i...
The Indian agricultural sector was adequately focused in the first Five Year Plan and its performance was impressive. But the second Five Year Plan emphasised industrial development under the stewardship of P C Mahalanobis. The plan emphasised establishment of heavy industries and decided to take fo...
The sudden resignation of Urjit Patel from the post of the Governor of the Reserve Bank of India (RBI) was surprising and almost a historic act. There have been a lot of recent controversies regarding the RBI’s independence in relation to the Union Government (UG). A lot of central banks like the ...