Category: Economies
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Early Fruits of PLI Scheme
Introduction The Production Linked Incentive (PLI) scheme in India has emerged as a game-changer, promoting growth and innovation in various sectors of the economy. Aimed at boosting domestic manufacturing and reducing imports, the scheme provides financial incentives to eligible firms on incremental sales for a five-year period. With its emphasis…
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Debt Service Suspension Initiative- Will it help Developing Countries?
Introduction: The COVID-19 pandemic has plunged low-income countries into deep economic turmoil, exacerbating their pre-existing debt burdens and limiting their ability to invest in crucial areas such as healthcare and education. In response, the International Monetary Fund (IMF) introduced the Debt Service Suspension Initiative (DSSI) in 2020, allowing eligible nations…
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Demographic Transition, Climate Change and Rise of Global Middle Class – Shaping the Global Economy
Demographic Transition Demographic transition encompasses shifts in population size, age structure, and fertility rates as countries develop. By 2100, the world population is projected to peak at 9.7 billion, followed by a decline to 8.8 billion. However, these changes will not be uniform across regions. While some countries in Africa…
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Slowing Global Growth
Introduction The recent warning from the International Monetary Fund (IMF) about a decelerating global economy has sparked concerns and raised important questions about the future of the world’s economic landscape. Factors Fueling the Slowdown One of the fundamental factors contributing to the slowing global growth is inflation. The rising prices…
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Shrinking Economies- Japan
Introduction Japan’s economic decline has been an ongoing concern, as the country has slipped from its position as the world’s second-largest economy to the now fourth place. Understanding the Factors Leading to a Shrinking Economy Demographics: A Rapidly Aging and Shrinking Population One of the key reasons for Japan’s shrinking…
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Time to have Centre for Excellence for Indian MSMEs
Introduction: Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian economy, contributing significantly to employment generation and economic growth. However, these enterprises often face challenges such as limited access to finance, technology adoption, market access, and skill development. The existing dispensation like MSME-DI DICs failed to address…
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Do we Need the Latest Technologies for Sustainable Environment?
The summer of 2023 will forever be etched in our collective memory as a period of extreme heat waves and record-breaking temperatures. From scorching wildfires engulfing vast stretches of land to debilitating droughts that left communities without essential water supplies, the impacts of climate change became devastatingly real. However, amidst…
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Learning and Unpacking the Eurozone’s Unexpected Growth
The Eurozone has been a subject of concern for many economists and policymakers in recent years, with stagnant growth and potential recessions looming over the region. However, preliminary estimates have revealed a stronger-than-anticipated GDP growth in the fourth quarter of 2023, surprising experts and offering a glimmer of hope. This…
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Uneven Rural Demand in India
Understanding the state of rural demand in India is crucial for policymakers and stakeholders, as it represents a significant portion of the overall economy and holds immense potential for future growth. Analyzing recent trends and data reveals a complex picture, marked by both promising signs and lingering challenges. One of…
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Will digital Trade become a Source of Revenue for India in 2025?
The World Trade Organization’s (WTO) moratorium on customs duties on electronic transmissions has been in place since 1998, effectively freezing tariffs on digital trade. This moratorium, which has been extended every two years, is now being challenged by India, along with other developing nations like South Africa. India argues that…
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