Need of New Reform Agenda to Revive India’s Growth Story – By Areesha Fatma

In this decade of rapid developments in the global economy vis-a-vis emerging new economic stance in the United States, emerging protectionism in the advanced economies, recovery in Global trade; turn around in China’s economic growth and various geo-political issues, India stands on the cusp of major change, a transformation that could lead to unprecedented economic growth. The Indian economy has been observing various changes, turmoil and adjustments in the form of reforms during the past two-three years. Two key reforms undertaken in the regime of Hon’ble Prime Minister Shri Narendra Modi primarily historic demonetization drive and newly introduced GST have been both bane and boon for our economy which is quite evident as per the GDP estimates for Q1 and Q2 for FY2017-18.The economy still hasn’t revived from the aftershocks of cash crunch as the consumption demand has been impacted severely and the teething problems associated with GST implementation are still persisting. According to the much awaited CSO data released by Ministry of Statistics and Implementation recently, real GDP registered an increase in the growth rate from 5.7% in the Q1 of FY18 to 6.3% in Q2 of FY18. Also, quarterly Gross Value added (GVA) registered an increase in...

Ups and downs in India’s Industrial Production: Hope for Recovery – By Areesha Fatma

The Indian economy has seen major structural changes in last one year starting from demonetization drive in November 2016 followed by implementation of Goods and Services Tax (GST) in July 2017. The economy saw significant shuffles in macro-economic indicators starting from fall in GDP in Q1 of FY18 to 5.7% from 7.9% in Q1 of FY17. Although the world economy is showing signs of recovery, domestic economy is impacted by severe slowdown in the manufacturing sector which has posted a growth rate of 1.2% in Q1 FY18 from 10.7% in Q1 FY17. Low growth in mining (-0.7%), manufacturing (1.2%), construction (2%) and agriculture (2.3%) has undermined the performance of overall GDP growth. Talking about the Index of Industrial production (IIP), it is a quantitative index which shows the growth rates in different industry groups of the economy in a stipulated period of time of broad sectors, namely, mining, manufacturing and electricity and use-based sectors, namely basic goods, capital goods and intermediate goods. The growth in industry output (IIP) in cumulative terms from April – September in FY18 rose to 2.48% in comparison to 0.02% during the same period in FY17. The growth trend in IIP in FY18 began with a...

Economic Consequences of Rising Pollution in India – By Areesha Fatma

A development is sustainable, if it meets the needs of the present generation without compromising the ability of future generations to meet their own needs. When the term development is used in general, it refers to rising aggregate consumption and output but also includes aspects such as environmental quality, social factors, and the distribution of income. Thus, the utility function, which denotes the preferences of the representative agent, not only includes consumption possibilities but also environmental quality. The statement above emphasizes the strong relation between economic growth and environment quality. Measures to safeguard the environment are often considered to be economic spoilers as they entail putting restrictions on economic activity such as shutting a polluting factory or scrapping old vehicles. What is not taken into account while making these calculations is the cost imposed on people living in regions where pollution and environmental degradation is higher. For instance, uncontrolled expansion of economic activities has now caused global warming and climatic changes across the world. Taking India’s context, the country suffers from some the worst air pollution in the world. The construction boom, increasing car traffic and coal-fired power plants are all contributing to rising pollution levels, especially the presence of...

India ranked 100th out of 190 economies on Ease of Doing Business: Dream to be under 50 by next year – By Areesha Fatma

According to World Bank’s annual report on the ease of doing business, ‘Doing Business 2018: Reforming to create jobs’, India is ranked 100th out of 190 countries and has moved up by 30 ranks on the World Bank’s ease of doing business ranking this year. “Doing Business 2018: Reforming to Create Jobs ” finds that entrepreneurs in 119 economies saw improvements in their local regulatory framework last year. Between June 2016 and June 2017, the report, which measures 190 economies worldwide, documented 264 business reforms. Reforms reducing the complexity and cost of regulatory processes in the area of starting a business and getting credit were the most common in 2016/17. The next most common reforms were in the area of trading across borders. a. Highlights of the EoDB 2018: Brunei Darussalam, Thailand, Malawi, Kosovo, India, Uzbekistan, Zambia, Nigeria, Djibouti and El Salvador were the most improved economies in 2016/17 in areas tracked by Doing Business. Together, these 10 top improvers implemented 53 regulatory reforms making it easier to do business. While New Zealand and Singapore retained their top ranks for ease of doing business Economies in all regions are implementing reforms easing the process of doing business, but Europe and Central Asia continues...

Must Read

PGlmcmFtZSB3aWR0aD0iMTAwJSIgaGVpZ2h0PSIxMDAlIiBzcmM9Imh0dHA6Ly93d3cueW91dHViZS5jb20vZW1iZWQvajhsU2NITzJtTTAiIGZyYW1lYm9yZGVyPSIwIiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+
Increase more than 700% of Email Subscribers!
Dolor aliquet augue augue sit magnis, magna aenean aenean et! Et tempor, facilisis cursus turpis tempor odio. Diam lorem auctor sit, a a? Lundium placerat mus massa nunc habitasse, arcu, etiam pulvinar.
  • Goblinus globalus fantumo tubus dia
  • Scelerisque cursus dignissim lopatico
  • Montes vutario lacus quis preambul den
  • Leftomato denitro oculus softam lorum
  • Spiratio dodenus christmas gulleria tix
  • Dualo fitemus lacus quis preambul pat
  • Montes vutario lacus quis digit turtulis
  We hate spam and never share your details.
HALLAPOLL
Subscribe To The Newsletter & Get Latest Updates
Your Information will never be shared with any third party.