Economy

Retail Inflation Smooths in January: Basics Explained

 According to the data released by the National Statistical Office (NSO) retail inflation fell to a three-month low of 5.1%   from 5.7% in November.  Overall, food inflation fell to 8.3%…

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The Multidimensional Poverty Declined in India: Basic Explained

According to a discussion paper released by NITI Aayog multidimensional poverty (MPI) in India declined from 29.17 percent in 2013-14 to 11.28 percent of the population in 2022-23, In absolute…

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The trade deficit reduced to a three-month: Basics Explained

The official data released by the Ministry of Commerce and Industry showed the trade deficit reduced to a three-month low due to lower imports on the back of easing commodity…

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K shaped recovery in India

READ: India’s K-shaped recovery debate has economists divided | Mint (livemint.com) There is no consensus among economists regarding whether India is indeed in the throes of a K-shaped recovery or…

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India’s GDP pegged at 7.3% in FY 2024: Basics Explained

The Central Statistics Office (CSO)  pegged gross domestic product (GDP growth) at 7.3% in 2023-24; the projection is faster than the Reserve Bank of India’s 7%. The economy grew at…

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Arvind Panagariya designated head of the 16th Finance Commission: Basics Explained 

Arvind Panagariya, former Vice Chairman of NITI Aayog,  was designated as the head of the 16th Finance Commission.  Ritvik Ranjanam Pandey will hold the post of secretary to the commission….

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What is the Free Trade Agreement, Comprehensive Economic Cooperation Agreement/Partnership Agreement?

FTA stands for Free Trade Agreement; PTA stands for Preferential Trade Agreement; CECA stands for Comprehensive Economic Cooperation Agreement while CEPA is an acronym for Comprehensive Economic Partnership Agreement. India has economic…

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India’s fiscal deficit stood at 50.7% of annual estimates: Basics Explained

According to data released by the Controller General of Accounts (CGA) on, December 29 the government’s fiscal deficit at the end of November stood at ₹9.06 lakh crore or 50.7…

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IMF relabel India’s exchange rate from floating to stabilize

IMF (The International Monetary Fund) has reclassified India’s “de facto” exchange rate regime to “stabilized arrangement” from “floating” for December 2022 to October 2023, According to the IMF’s staff assessment,…

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Retail Inflation Rises in November: Basics Explained

According to data released by the National Statistical Office (NSO), retail inflation rose to a three-month high of 5.55 percent in November. The Reserve Bank of India(RBI) has projected that…

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