Indian Economy

Recent Government Moves on Import Duty on Wheat

March 4, 2017

In this article, we try to explain the significance of hiking import duties to safeguard the interest of Indian farmers in the light of the wheat prices falling due to high production and imports.  Import duty is basically a tax collected on imports and can be either fixed...

Exchange Traded Funds as a successful way of disinvestment

February 23, 2017

One of the components of the Union Budget of 2017 has been the proposal to launch more CPSE ETFs in the coming financial year. This proposal has been adopted seeing the overwhelming response that the government has received for this scheme in the past two years.  A...

Trends in Employment Elasticity in India

February 22, 2017

Employment elasticity is a measure of the percentage change in employment associated with a 1% change in economic growth. It indicates the ability of an economy to generate employment opportunities for its population as per cent of its growth process. This implies that when employment generation is...

India’s Cash-to-GDP Ratio

February 14, 2017

Cash-to-GDP Ratio or Currency in Circulation (CIC) to GDP Ratio or simply currency-to-GDP ratio shows the value of cash in circulation as a ratio of GDP. Implications of higher Cash-GDP Ratio There are two dimensions of cash viz. its function and its nature / origin. In terms of function, cash can be...

Economic Survey 2016-17: Chapter-10 – One Economic India: For Goods and in the Eyes of the Constitution

February 14, 2017

In this chapter, the survey has analyzed the degree of economic integration done in last 70 years while keeping in focus the inter-state trade within the country. India’s internal trade to GDP ratio is around 54% which is comparable to that of other large countries. However, there...

Economic Survey 2016-17: Chapter-08 – Review of Economic Developments

February 14, 2017

In this chapter, the survey has given a crisp overview of latest data and facts on Indian economy along with estimates for the coming year. This chapter is more relevant to your prelims paper and also MCQ based examinations. The key observations from this chapter are as...

Economic Survey 2016-17: Chapter-04 – The Festering Twin Balance Sheet Problem

February 14, 2017

In the fourth chapter, the survey has discussed the Twin Balance Sheet {TBS} problem and made a case for establishment of a Public Sector Asset Rehabilitation Agency (PARA). Understanding Twin Balance Sheet Problem The centre-piece of TBS problem are Non-performing assets (NPAs) which have resulted into two...

Economic Survey 2016-17: Chapter -03: Demonetization: To Deify or Demonize?

February 14, 2017

In its third chapter, the survey tries to analyze {and to justify} the rationale behind governments move to demonetize, impacts of demonetisation, benefits of demonetisation and way forward. We note that there were two previous instances of demonetization, one was in 1946 and other was in 1978,...

Economic Survey 2016-17: Chapter-2: Economic Vision For Precocious, Cleavaged India

February 14, 2017

“Democracy” has allowed India to show a robust performance in economic growth yet, there are  serious challenges that underline the poor democracy with deep social fissures in the country. Due to these challenges, the economic survey calls India a precocious, cleavaged democracy. As highlighted in chapter-1, these...

Economic Survey 2016-17: Chapter-1: Economic Outlook and Policy Challenges

February 14, 2017

This is a summary of the chapter 1 of the Economic Survey 2016-17. Key Economic Reforms in 2016 At domestic front, year 2016 was marked by two major policy developments viz. passage of GST bill and demonetisation.  The GST will create a common Indian market, improve tax...

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