economy

  • Editorial of the Day (9th Apr): Status of Indian Economy

    Context: The Indian economy is projected to have 7% GDP growth in 2024-25. Indian Economy: Current Status Economic Growth and Optimism GDP Growth: India's GDP grew by 8.4% in Q3 of 2023-24, with manufacturing PMI at a 16-month high of...

    Published On April 9th, 2024
  • Repo Rate and Reverse Repo Rate, Definition and its Impact on Economy

    The Monetary Policy Committee has opted to maintain the policy repo rate at 6.50% (7th time) under the liquidity adjustment facility (LAF) without any change. The MPC plans to continue its strategy of withdrawing monetary accommodation to align inflation with...

    Published On April 8th, 2024
  • Food Corporation of India, Structure, Function and Challenges

    Food Corporation of India The Food Corporation of India (FCI) has been a cornerstone in India's efforts to ensure food security since its establishment in 1965. Over the years, FCI has played a crucial role in procuring, storing, and distributing...

    Published On April 8th, 2024
  • RBI Monetary Policy Committee Meetings Highlights for FY25

    In the first Monetary Policy Committee (MPC) meeting of the Financial Year (FY) 2024-25, the Reserve Bank of India's (RBI) Governor, Shaktikanta Das, announced that the repo rate remains unchanged at 6.5 per cent. This marks the central bank's decision...

    Published On April 5th, 2024
  • Per Capita Income of India, Calculation Methods and State-wise Data

    What is Per Capita Income of India? Per Capita Income of India is a measure of the average income earned by an individual in India within one year. The Per Capita Income of India is calculated by dividing the National...

    Published On April 4th, 2024
  • Electoral Bonds Full Data with Serial No Released By SBI to ECI

    Electoral Bonds Full Data with Serial No Out On March 21, the State Bank of India (SBI) announced that it had furnished all details concerning the electoral bond scheme, including unique numbers, to the Election Commission of India (ECI). This...

    Published On April 2nd, 2024
  • Non Performing Assets (NPA), Definition, Types, Examples

    Context: Care Ratings forecasted that GNPAs are expected to be between 2.5-2.7% in FY24 and further improve to 2.1-2.4% by FY25 end. Important Facts Historical Trend: GNPAs significantly increased from 3.8% in FY14 to 11.2% in FY18 due to stricter...

    Published On March 30th, 2024
  • Fiscal Deficit, Causes, Disadvandages and Way Forward

    India's fiscal deficit from April to February in the fiscal year 2023-24 stood at ₹15.01 trillion, accounting for 86.5% of the revised annual estimate, according to data released by the Controller General of Accounts. This figure highlights a significant aspect...

    Published On March 30th, 2024
  • Living Wage in India, Aiming to Replace Minimum Wage With a Living Wage by 2025

    India, one of the world's largest economies with a vast workforce, is poised to undergo a significant transformation in its wage policy. The country is moving away from the traditional minimum wage system towards embracing living wages, signaling a fundamental...

    Published On March 26th, 2024
  • Income Inequality in India and Global Comparison

    Context: In 2022, the top 1% of Indians held 22.6% of the national income, a stark increase from 11.5% in 1951 and 6% just before economic liberalisation in the 1980s. Income Inequality in India The top 10% of Indians saw...

    Published On March 22nd, 2024