Economy

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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UPI added another billion to reach 11 billion transactions: Basics Explained

The Reserve Bank in its monthly bulletin said  The Unified Payments Interface (UPI) added another billion to reach 11 billion transactions in a short span of two months. LEARNING FROM…

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India’s GDP crossed the $4 trillion mark: Basics Explained

Referring to a purported screenshot of a live GDP tracker of all economies based on the International Monetary Fund  data , several media reports on Sunday said, India’s economy crossed…

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What is the Gross Domestic Product

Gross Domestic Product (GDP) is a measure of economic activity in a country/ Level of output produced by the country. the final value of the goods and services produced within…

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