In the latest ranking for countries in ease of doing business, the World Bank has placed India 63rd out of 190 countries — an improvement of 14 places from its 77th position last year. India figures in the top ten most improved countries in the world for the third consecutive year. India’s score improved from 67.23 (2019) to 71.0 (2020). Challenges to Ease of… Continue reading What Makes Doing Business Easier
Recently, the World Bank’s Ease of Doing Business 2019 report ranked India 77th among 190 countries, apart from it India is counted as one of the world’s most attractive investment destinations. However, in order to become a $5 trillion economy by 2024-25, India certainly needs to improve more on ease of doing the business front. Legislations and Challenges to Ease of… Continue reading Regulatory Roadblock to Ease of Doing Business
Recently, India resolved that it would be a $5-trillion economy in 2024. However, GDP growth slowed to a six-year low of 5 % during the first quarter of 2019. According to NITI Aayog, the present economic crisis is the worst crisis India is facing since Independence. Reduction in growth automatically leads to hampering of development goals… Continue reading Economic Slowdown and its Fix
Context In recent times, governments across the world are focussed more on protectionist economic policies as a measure to boost their domestic economy. Protectionism, the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports, gained ground mainly after the 2008 Global Financial Crisis. US-China trade war is an evidence of… Continue reading Boosting Economic Growth in a Protectionist World
Details: This data, by the Society of Indian Automobile Manufacturers (SIAM), gives out wholesale figures, i.e. the number of vehicles despatched to dealers by vehicle manufacturers. This has been the steepest fall in nearly 19 years. The passenger vehicle segment, which comprises cars, utility vehicles and vans, has been one of the worst performing segments, registering its highest drop… Continue reading Trouble in the Auto Industry
Context Nativism, the cry for job protection of locals, is rearing its head again in India. The Andhra Pradesh Assembly recently passed a legislation that reserves 75% of industrial jobs in the state for locals Recently Madhya Pradesh Chief Minister also said that the state government is mulling a law to ensure 70 per cent… Continue reading Jobs For Locals
Introduction Prime Minister held a review meeting of the planning since independence that India has seen. He also took a review meeting of the last 18 months of performance of Niti Ayog, the institution which took over fromplanning commission. The whole purpose of the review was to identity the good points and the weak points… Continue reading 15 years Vision Document of Niti Aayog.
A new book, The Great Invention by Ehsan Masood, unveils the genesis of the Gross Domestic Product (GDP) and how it shaped the modern economic paradigm. It comes at a time when a growing number of people are questioning this flawed metric. Is GDP a true and accurate measurement of growth? Exclusive excerpts from the… Continue reading Debate: Is GDP a true and accurate measurement of growth?
Article Link Summary: Prime Minister Modi, in a recent interview, indicated that his focus was to create a third sector—the personal sector—other than farms and factories wherein a person turns into a job provider through entrepreneurship rather than a job-seeker in the other two sectors. This statement assumes significance as it has many policy implications… Continue reading Measuring Mudra’s success
Livemint Issue: The paramount measure of power in the 21st century is connectivity, specifically to global infrastructure networks, trade flows, capital markets and the digital economy. India is now getting connected in each of these arenas and is thus taken much more seriously as a long-term pillar of the global system. India in its neighbourhood:… Continue reading With connectivity comes growth