A transformational Budget for high, sustained growth
03 Feb 2022 India crosses the important milestone of completing 75 years of Independence this year — a watershed moment for the country which makes us reflect on our momentous economic journey so far. It is also an occasion to take steps to fast forward our dream of a developed India which is prosperous, inclusive, […]
The Role of Women in India’s Economic Growth Story
07 Mar 2022 A wise man of great intellect and power once said, “The best measure of a nation’s progress is the way it treats its women.” For centuries, women have faced challenges and hurdles and that has bestowed on them infinite patience, perseverance and have only helped them emerge stronger. Over the past few […]
Budget Must Rationalise, Simplify Taxation
28 Dec 2022 The last few years have been truly tumultuous for the global economy, with unprecedented economic and geopolitical developments. Within this changing external scenario, the Indian government has done well to maintain stability in tax rates. Today, the country is recognised for its strong growth performance and continued potential to contribute to global […]
Global Challenges to the Indian Economy
05 Jan 2023 Prospects for global growth this year and next have progressively been revised downwards. The International Monetary Fund (IMF) expects global GDP growth at 3.2 per cent for 2022 and 2.7 per cent for 2023 (WEO October 2022), revising down the projections for 2023 by 20 percentage points compared to the July 2022 Outlook. […]
India to Remain Growth Outperformer Despite Global Headwinds
19 Jan 2023 A multitude of headwinds continue to make global growth prospects gloomier. These include rising interest rates, geopolitical tensions, which are keeping international commodity prices elevated, broader European energy insecurity, and lingering effects of Covid-19 (particularly in China). As advanced-economy central banks raise rates aggressively to tame inflation, they will find it hard to […]
COVID-19 and Global Economic Forecasts
09 Jun 2021 The global economy experienced an unprecedented economic shock with the advent of the COVID-19 pandemic, that caused widespread disruptions and affected millions of lives and livelihoods. Vaccine rollouts and high inoculation coverage in major economies along with coordinated policy support from Governments across the world have significantly boosted global economic prospects. On […]
India’s Economic Performance during 2020-21
11 Jun 2021 The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MOSPI), Government of India, recently released the quarterly estimates of Gross Domestic Product (GDP) for 2020-21 for the fourth quarter (Q4), along with the provisional estimates of annual income for the same period on 31 May, 2021. GDP for 2011-12 (constant prices) or […]
Reviving Employment and Livelihoods in India: Covid-19 and After
12 Jul 2021 The Covid-19 pandemic has delivered a tremendous blow to the global economy. In India, two waves of infections with associated containment measures have caused a massive disruption in the labour market. As the economy emerges from the second wave, far deadlier than the first, it is necessary to take stock of what […]
Closing Gender Gaps in a COVID-19 World
24 Jul 2021 Gender inequality continues to be one of the most pressing challenges of our times. As per World Bank estimates, while women constitute around 50% of the population, they only account for around 39% of the global labour force, as of 2019. The COVID-19 pandemic, which continues to spread and disrupt lives, livelihoods, and […]
Economic recovery continues to strengthen
03 Aug 2021 With continuing moderation in the global COVID-19 case count, the world is gradually moving towards recovery. The IMF expects the global economy to grow at 6.0% in 2021 after it contracted by 3.2% in 2020. The US is leading the way in global recovery as the impact of the pandemic recedes, bolstered […]