https://www.financialexpress.com/economy/digital-economy-to-contribute-over-20-of-indias-gdp-by-2026-union-minister-rajeev-chandrasekhar/3213563/ Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday forecast that the digital economy will contribute more than 20 per
Category: Economy
💐Exports to UK holding up among top 10 destinations of Indian exports
https://www.business-standard.com/economy/news/exports-to-uk-holding-up-among-top-10-destinations-of-indian-exports-123081600764_1.html Among India’s top 10 export destinations, India’s merchandise exports in the first four months (April-July) of 2023-24 expanded only to the United Kingdom (UK)
🙏🙏🙏🙏🙏Centre will ‘intensify’ efforts to control inflation: TV Somanathan
https://www.business-standard.com/economy/news/centre-will-intensify-efforts-to-control-inflation-tv-somanathan-123081600721_1.html The central government will take a medium-term view while intensifying efforts to reduce the inflationary burden, and will avoid any knee-jerk reaction to transitory
July inflation raises more than ‘transient’ questions
https://www.thehindubusinessline.com/opinion/editorial/july-inflation-raises-more-than-transient-questions/article67201943.ece There are several aspects of the latest retail inflation numbers for July that need to be dissected – besides the obvious fact that it
‘No plans to reconsider rice export ban as food inflation spikes
With food inflation hitting a 39-month high in July 2023, the Centre is not in a position to reconsider the recent export ban on non-basmati rice
Modi blames lingering effect of Covid-19, Russia-Ukraine war for worldwide struggle with inflation
https://www.thehindubusinessline.com/economy/pm-promises-more-measures-to-check-inflation/article67197271.ece Excerpts “I have to take more steps in this direction to minimise the burden of inflation on my countrymen. And we will continue to
Protectionist backsliding: Don’t forget that India’s licence raj started with good intentions but soon paved the road to economic hell
https://www.financialexpress.com/opinion/protectionist-backsliding-dont-forget-that-indias-licence-raj-started-with-good-intentions-but-soon-paved-the-road-to-economic-hell/3210617/ Just four years after India’s independence, Gulzarilal Nanda, then minister for planning, had declared in Parliament that “there should be absolutely no apprehension that
The end of zero interest rates: Now that the US has avoided a recession, rates will likely stay above zero for a while
https://www.financialexpress.com/opinion/the-end-of-zero-interest-rates-now-that-the-us-has-avoided-a-recession-rates-will-likely-stay-above-zero-for-a-while/3210607/ What a difference two years make. In 2021, when interest rates were near zero in the United States and the United Kingdom and slightly
Goods exports fall 16% in July, imports shrink 17%
https://www.financialexpress.com/economy/goods-exports-fall-16-in-july-imports-shrink-17/3210666/ India’s merchandise exports declined for the sixth straight month in July with outbound shipments down 15.9% on year $ 32.25 billion. The decline in
Ahead of I-Day, optimism, but concerns abound
https://www.business-standard.com/opinion/columns/disclosure-requirements-of-data-law-may-create-woes-of-genai-models-123081300471_1.html One of our major achievements is self sufficiency in food grain production, thanks to the green revolution of the early seventies. Now, we not
👍👍👍👍👍👍👍Missing the real achievements: Why India needs introspection, not bluster
https://www.business-standard.com/opinion/columns/missing-the-real-achievements-why-india-needs-introspection-not-bluster-123072100852_1.html The growing international chorus about India being the next big thing in the global economy highlights the wrong issues as the country’s achievements, and
Establishing an international currency requires stability, acceptance and widespread use.
https://www.thehindubusinessline.com/opinion/path-to-a-brics-currency-is-challenging/article67177273.ece BRICS, comprising Brazil, Russia, India, China and South Africa, was envisioned as a powerful economic grouping but has faced challenges in forming an effective
‘A ticking time bomb’, says US President Joe Biden on China’s economy
https://www.business-standard.com/world-news/a-ticking-time-bomb-says-us-president-joe-biden-on-china-s-economy-123081100966_1.html US President Joe Biden on Thursday called China a “ticking time bomb” because of its economic challenges and said the country was in trouble
👍👍👍👍👍👍👍Re internationalisation is not easy to achieve
https://www.thehindubusinessline.com/opinion/re-internationalisation-is-not-easy-to-achieve/article67102589.ece If a group of countries decide to conduct business with one another in their currencies, then an optimal solution can be achieved. But the
Less hawkish Fed is good news for India
https://www.thehindubusinessline.com/opinion/editorial/less-hawkish-fed-is-good-news-for-india/article67128052.ece The action of the Federal Reserve Open Market Committee in its July meeting was along expected lines, with the committee hiking the Fed funds
aniltikotekar4sme.com 