How stable is Indian economy as compare to Sri Lanka?

How stable is Indian economy as compare to Sri Lanka?

Sri Lanka’s economic problems have drawn attention to India’s macroeconomic policies and management. While the two countries are vastly different in terms of size (Sri Lanka’s GDP is $80 billion vs India’s $2.6 trillion), this is an opportunity to reflect on where Sri Lanka went wrong and whether there is some lesson for India. According … Read more

How possibility of economic recession is increasing?

how world is heading towards recession

Opinion | Economist| Sonal Badhan | Global stock markets ended in red and 10Y yields inched up, as investors fear more aggressive rate hike by US Fed to tame the inflation. Tight liquidity conditions and elevated price pressures may dent demand, thus increasing the possibility of economic recession. Latest print from UK shows that the … Read more

India is once again moving towards becoming a ‘collective poor country’

india pooraIndia lags behind Pakistan and Nepal in Global Hunger Index

Ground Reportt| Opinion| Vikas Meshram: In 2020-21, the per capita annual income of the people was Rs 55,783, while in 2019-20 it was Rs 62,056.  Consumables are used to measure poverty levels rather than income.  Using the cost, it can be estimated that the country’s per capita income in the first year of the Corona … Read more

India gets $64 bn in FDI in 2020: World Investment Report 2021

Ground Report | New Delhi: The World Investment Report 2021 of the United Nations Conference on Trade and Development which was issued on Monday, India received $64 billion in Foreign Direct Investment in 2020, making it the world’s fifth-largest recipient of inflows. The COVID-19 second wave in the country is weighing heavily on the country’s … Read more

Climate action: Indian economy may suffer a loss of 27 percent annually

Climate change is real: Children will be more affected by heat

Due to these changes in the climate, by 2050, where the Philippine economy may suffer a loss of 35 percent. Whereas for Colombia it is likely to be 16.7 percent Ground Report | New Delhi: The Indian economy may suffer a loss of 27 percent annually by 2050 if action is not taken now to stop … Read more

COVID-19 pushes middle class towards poverty in India

Removal of poverty and hunger, gender equality key priorities for urban Indians: Survey

The shrinking of middle class is bad news for the Indian economy. Not only does the middle class make up 79% of the country’s total taxpayer base, it also contributes to 70% of the total consumer spending. In addition, since the middle class values accummulation of human capital and savings, their investment in education and the economy in general is high. Most of India’s entrepreneurs and professionals belong to the middle class as well. They play a crucial role in social development via healthcare education etc. while also contributing to the economy.

9.6 percent decline in Indian economy: World Bank

A World Bank report, India’s economy is expected to decline by 9.6 percent in FY 2020-21. This shows the decrease in expenditure and private investment at the family level. At the same time, the World Bank has projected a growth of 5.4 percent in the Indian economy in the next financial year 2021-22. ALSO READ: In … Read more