Economic geography Current Affairs, GK & News

ICRIER to develop Broadband Readiness Index (BRI) for Indian States and Union Territories

The Department of Telecom (DoT) and the Indian Council for Research on International Economic Relations (ICRIER) signed a MoU to develop a Broadband Readiness Index (BRI) for Indian States and Union Territories (UT). The first estimate will be made in 2019 and subsequently every year until 2022. This index will appraise the condition of the ..

Topics: Digital divide • Digital media • Economic geography • Humans • Social inequality • Technology development

Residential Asset Price Monitoring Survey conducted by RBI

The Reserve Bank of India (RBI) has conducted the quarterly Residential Asset Price Monitoring Survey (RAPMS) on housing loans disbursed by select banks / Housing Finance Companies (HFCs) across 13 cities. The report indicated that housing affordability has worsened over the past 4 years as the House Price to Income (HPTI) ratio increased from 56.1 ..

Topics: Academic disciplines • Affordable housing • Economic geography • Economic inequality • Economy • Median Multiple • Mortgage loan

UNCTAD releases World Investment Report 2019

According to UNCTAD’s World Investment Report 2019, Foreign Direct Investment (FDI) into India increased by 6% to $42 billion in 2018 with strong inflows in manufacturing, communication, financial services and cross-border merger and acquisition activities making it the sub-region’s largest recipient. As per report, India has been ranked 10th amongst the top recipients of FDI ..

Topics: Economic geography • Economy • Economy of India • Foreign direct investment • International business • Retailing in India

India finds problems OECD Services Trade Restrictiveness Index

India has found problems with the current method under which the OECD index –Services Trade Restrictiveness Index (STRI) – ranks countries based on their services trade policies. As per study commissioned by Indian Ministry of Commerce, the outcomes of index are biased and counter-intuitive. For example, the index seems to show the Indian services sector ..

Topics: Economic geography • Economy • Foreign direct investment • International business • International macroeconomics • OECD • World economy

India ranked 47th in Inclusive Internet Index

India has been ranked 47th out of 100 countries in the Inclusive Internet Index (3i) 2019, which is prepared by the ‘Economist Intelligence Unit (EIU) for Facebook. The list is topped by Sweden, followed by Singapore and the US. As per index, there are demonstrable benefits from comprehensive female e-inclusion policies, digital skills programmes and ..

Topics: Countries • Digital divide • Economic geography • Economist Intelligence Unit • Education • Gross domestic product • Inclusion • Singapore

According to RBI’s annual data, Mauritius tops India’s FDI chart in FY18

According to Reserve Bank of India (RBI)’s annual data, Mauritius accounted for the largest source of Foreign Direct Investment (FDI) into India in the financial year FY18 followed by Singapore. The data shows that the total India’s FDI stood at $37.36 billion in the FY18, which is a marginal rise over the $36.31 billion recorded ..

Topics: Economic geography • Economy • Foreign direct investment • International business • World economy