Domestic Demand

What is the meaning of Countervailing duties?

January 8, 2018

Countervailing duties are imposed for the protection of domestic producers as they counter the negative impact of import subsidies.  The government of the land usually imposed these duties on the import of foreign products which have been subsidized by the overseas producers. Latter generate an apparent shift in the...

Asian Development Bank: India’s growth projection at 7.0%

December 13, 2016

Asian Development Bank has lowered its growth forecast for Indian economy to 7.0% as an aftermath of demonetization. This is much slower than projected earlier. 45 countries which fall under the “Developing Asia” are now expected to expand 5.6 percent this year as against 5.7 percent expected earlier. The...