Small and Medium Enterprises (SMEs) are credited for putting India on the firm path of economic recovery in 2022 after a tough 2021. It also plays an important role in buffering it from global economic shocks and adversities and is expected to be the driving force for Indian economy in the years ahead.According to the […]
It is now known widely that technology is one of the biggest enablers and is facilitating a disruption across industries. Although it has been a key disruptor in numerous sectors, it can play a pivotal role in making a significant difference to India’s agriculture sector, which remains a priority with 60 percent of its population still dependent on it. Transforming agriculture will thus be a game-changer to facilitate the transition at the bottom […]
India has pledged to be net zero by 2070 and that is a significant commitment from the country of its scale and potential. From putting a thrust on renewable energy to increasing ethanol blending to producing green hydrogen, India has embarked upon the path to achieve the feat, though the journey has just begun.In order […]
The Indian central bank seems to have hit multiple birds with one stone with this one stroke – preserving Forex, stabilising INR, enhancing liquidity and attempting to increase its acceptability as a global currency The Reserve Bank of India’s (RBI) decision to allow international trade settlement in Rupee is a welcome one and has far reaching consequences in promoting the […]
‘India is pioneering a new model of economic development that could avoid the carbon-intensive approaches that many countries have pursued in the past – and provide a blueprint for other developing economies,’ said Dr. Fatih Barol, Executive Director, International Energy Agency earlier in 2022. India is already the third-largest electricity consumer globally and also the […]
India’s banking sector has performed remarkably well on two important counts – it has been able to reduce its NPAs and secondly,the credit growth has been strong India’s economic fundamentals remain strong and it is likely that the country will emerge stronger despite ongoing economic and geo-political challenges in the form of high inflation, recessionary fears and the Russia-Ukraine war, […]
Numerous economies have to devise ways to bypass or at least mitigate the impact of a rising US Dollar; but it would be quite a task Global inflation is unrelenting and the ongoing Russia-Ukraine war has been adding fuel to the fire. While there are supply side constraints, the global commodity prices are hitting the […]
Traditional manufacturing and service-oriented industries are being disrupted in a manner which is unparallel in history. The fourth industrial revolution is driven by technologies such as artificial intelligence, autonomous robots, simulation, big data and analytics, augmented reality, the cloud, cyber-security, additive manufacturing, horizontal and vertical integration and the Internet of Things. The Fourth Industrial Revolution, […]
The contribution of farming to India’s GDP is 17 per cent. With over 60 per cent of the rural population still dependent on agriculture, the adoption and integration of technology can bring in a revolution in the sector and in the economy as well. Despite India being a leading producer of several crops, there is […]
The RBI’s Consumer Confidence Survey reflects a marginal improvement in March 2022 (-92.1) from January 2022 (-92.3) The Reserve Bank of India (RBI) recently released the Consumer Confidence Survey and its findings are encouraging in many respects. The survey finds that consumer confidence for the current period continued on its recovery path. The period of assessment has […]
