Context The economic revolution together with the high rates of urbanisation have provoked the essential shift in the structure of the population of India. It is possible to interpret the “care ecosystem” as a system of services, sources and facilities Read More …
Category: Economy
India aims to be $30tn economy by 2047
Context India’s economic aspirations have continually been grand, and rightly so. But the query is if India can reach the exceptional milestone of becoming a $30 trillion financial system by 2047. About According to NITI Aayog, India’s GDP is projected Read More …
The Impact of E-commerce on Retail Growth
Context Nowadays, due to the globalisation and modernisation of technologies in the present scenario, every sector has attracted attention for automatization and becoming technologically efficient. And due to which, the rise of e-commerce has drastically transformed the retail industry, creating Read More …
RBI Initiates Draft Framework for Self-Regulatory Organizations
Context Recently the Reserve Bank of India issued a framework for recognition of self-regulatory organisations in the financial markets space to help strengthen compliance culture and provide a consultative platform for policy making. About The RBI framework provides guidelines for Read More …
A ground plan for sustainable mass employment
Context The issue of sustainable mass employment is critical for economic stability and social equity, particularly in developing countries like India. With a growing population and a rapidly changing job market, there is an urgent need for a comprehensive strategy Read More …
Handloom industry in India
Context The Indian handloom sector has long been a cornerstone of the country’s cultural heritage and economic fabric. In response to ongoing challenges faced by this sector, the Union Textile Ministry has implemented several schemes aimed at promoting and supporting Read More …
Government Initiatives to Bolster Domestic Clean Technology
Context Recently the Ministry of New and Renewable Energy (MNRE) reimposed its mandate requiring solar projects to source (photovoltaic [PV]) modules exclusively from a government-approved list of domestic manufacturers starting April 1. About The ALMM (Approved List of Model Manufacturers) Read More …
India needs to create 8 million jobs every year
Context In the Economic Survey, the Chief Economic Advisor estimated that India needed to create close to 8 million new jobs each year for the coming decade. About India has been one of the brightest spots in terms of GDP growth rate. Read More …
New Amendments to the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019
Context The Department of Economic Affairs (DEA) has recently amended the Foreign Exchange Management (Non-debt Instruments) Rules 2019, following the announcements made in the Union Budget 2024-25. This amendment is part of the Indian government’s ongoing effort to enhance the Read More …
Problems Associated with Regional Rural Banks in India
Context Regional Rural Banks (RRBs) were established in India to provide financial services to rural and semi-urban areas, aiming to enhance the economic development of these regions. However, in recent years, RRBs have been losing ground to private banks, primarily Read More …