Indian Economy

It is generally acknowledged that the Budget of 1991 which was presented by the then Finance Minister, Dr. Manmohan Singh, is one of Indian economic history’s landmark events. The Budget is still widely lauded by neo-classical economic commentators because it marked a structural shift in India’s economy away from the …

Painting an exuberant picture of the Indian economy’s prospects thanks to “New Age” reforms undertaken since 2014, the Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Tuesday asserted that not only were the pandemic-induced blues over, but the outlook for the years ahead was also rosier than …

The Food and Agriculture Organization of the United Nations (FAO) has declared 2023 as the International Year of Millets. Millets have special nutritive properties (they are high in protein, dietary fibre, micronutrients and antioxidants) and special agronomic characteristics (drought-resistant and suitable for semi-arid regions). If millets are good for nutrition …

Tamil Nadu was among the top five GST compensation receiving States during the five-year transition period from July 2017 to June 2022, according to a study by the Reserve Bank of India (RBI). The Goods and Services Tax (GST) was introduced on July 1, 2017 and June 30, 2022 marked …

Adam Smith, in his famous work The Wealth of Nations, argued that commodities such as sugar, rum and tobacco, though not necessary for life, are widely consumed, and thus good candidates for taxation. Research in India and around the world supports the use of taxes to regulate tobacco consumption. However, …

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is no stranger to reform. In fact, the zeal with which reforms are introduced often outpaces the capacity to adapt. Every time the administrative system gets back on its feet after a reform move, it is hit by another. Poorer States …

India’s market regulator has increased scrutiny of deals by the Adani Group over the past year and will study a report by short-seller Hindenburg Research to add to its own ongoing initial investigation into the group’s foreign portfolio investors, as per two sources aware of the matter. On Wednesday, the …

Kashmir’s famed pashmina shawls, known for centuries for their intricate buta or paisley patterns, got a French touch this week. Artist Maximilien Pellet turned the fabric into a canvas for contemporary art forms at a Parisian exhibition, in a rare bid to cater to Western sensibilities. Mujtaba Qadri, owner of the label …

Data show that India, with nearly 18% of the world’s population, occupies about 2.4% of the total geographical area and consumes 4% of total water resources. A World Bank report says that India is the largest groundwater user. A rapidly growing economy and population are straining the country’s groundwater resources. …

News from Davos and Delhi in the third week of January has framed the moral and intellectual crises affecting Indian economic policies. In the first instance, speaking at a session at the World Economic Forum in Davos on India’s road to a $10 trillion economy, the Chairman of Tata Sons …