economy

Chemical Industry in India: Powering India’s Participation in Global Value Chains

Context: NITI Aayog released its report "Chemical Industry: Powering India’s Participation in Global Value Chains" Status of Chemical Industry in India Size & Contribution: India is the 6th largest chemical producer in the world and 3rd in Asia. Contributes over...

Dynamic Pricing: What It Is and Why It’s Important

Context: According to the new Motor Vehicle Aggregator Guidelines (2025), aggregators shall be permitted to charge a minimum of 50% lower than the base fare and a maximum dynamic pricing of two times the base fare. What is Meant by...

Asset Monetisation Strategy for Road Sector and Its Significance

Context: NHAI has released a comprehensive road map for asset monetisation in the roads sector paving way for unlocking value and generating funds for further investment in the roads sector. NHAI has raised over Rs 1.4 lakh across using the...

Index of Industrial Production 2025, Formula, Calculation, Importance

Context: India’s Index of Industrial Production (IIP) growth fell to a 9-month low of 1.2% in May 2025. Index of Industrial Production 2025 Index of Industrial Production (IIP) slumped to 1.2%, the lowest in 9 months, mainly due to: Slowdown...

List of GI Tag Products in India 2025, State Wise GI Tags

Context: Italian luxury brand Prada showcased footwear inspired by India’s GI-tagged Kolhapuri chappals at its Spring/Summer 2026 show in Milan, triggering allegations of cultural misappropriation and raising questions about the global enforceability of Geographical Indications (GIs). As of 2025, India...

Sagarmala Finance Corporation Limited (SMFCL): Objectives and Functions

Context: Sagarmala Finance Corporation Limited (SMFCL) has been established as  India’s first maritime sector-specific Non-Banking Financial Company (NBFC). What is Sagarmala Finance Corporation Limited (SMFCL)? Sagarmala Finance Corporation Limited (SMFCL) is a Mini Ratna Category-I Central Public Sector Enterprise (CPSE) under...

Operation Deep Manifest, Key Features and Significance

Context: Under ‘Operation Deep Manifest’, the Directorate of Revenue Intelligence (DRI) has seized goods of Pakistani origin valued at ₹9 crore. About Operation Deep Manifest A targeted enforcement operation by the Directorate of Revenue Intelligence (DRI). Aimed at detecting and...

Goods and Services Tax (GST), Objectives, Features, Subsumed Taxes

India celebrates the eighth anniversary of the Goods and Services Tax (GST) on July 1, 2025, marking a significant moment in the country’s economic and taxation history. Since its implementation in 2017, GST has redefined how businesses operate, how goods...

Poverty in India, Types, Causes and Government Initiatives

Context: Recent reports, including the World Bank’s “Poverty and Equity Brief” (April 2025) and subsequent updates, have claimed substantial progress: the proportion of Indians living in abject poverty has drastically reduced, yet questions about what these numbers mean—and how we...

Coffee Plantation in India, Major Regions and India’s Robusta Beans Export

Context: The country’s coffee exports have increased by about 125% to $1.8 billion over the last 11 years, according to government data. Journey of Coffee Plantation in India Origin (17th Century): Introduced around 1670 by Baba Budan, who smuggled seven...