ARTICLE HIGHLIGHTS- India’s GDP data has surpassed market expectations, with a growth of 2 percent in 2023-24 as against 7 percent in 2022-23. In this context let us analyze What GDP Numbers Say Source: Indian Express Prelims: Indian Economy(GDP, GVA, fiscal policy, budget NSO, etc) Mains GS Paper III: Fiscal policy, Monetary policy, GDP, …
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GS Paper 3 Syllabus: Indian economy and related issues Source: IE Direction: This is an explained article from the Indian Express. The article explains basic concepts of the economy like GDP, GVA and their relationship. Context: The Ministry of Statistics and Programme Implementation released India’s economic growth data for the second quarter (July-Sept …
Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 3. What is GDP? Elaborate upon the factors affecting the GDP growth with a special emphasis on role of technological advancement. (250 words) Difficulty level: Easy Reference: Insights on India Why the question: The question is part of the static …
Introduction: The ultimate aim of economic and social policy is to improve the lives of people, and to enhance their choices and capabilities. Since measuring human progress facilitates this goal, it has been an abiding interest of all. Human Development Reports since 1990. Measurement is a challenging task, however, fraught with myriad statistical …
Continue reading “Insights into Editorial: We need a way to measure true human progress”
Context: Hit by a relentless second wave of COVID-19 infections, India has seen localised lockdowns across several States. With activity restrained, job losses have climbed. This has dampened family incomes and consumer sentiment, setting the stage for lower-than-anticipated economic growth and belying the nation’s hopes of racing back to activity this year …
Continue reading “Insights into Editorial: An urban jobs safety net”
Introduction: The provisional estimates of annual national income (2020-21), released on May 31 by the National Statistical Office, did not have any surprises, but for one, that is, there is nothing encouraging in the numbers. India’s Gross Domestic Product (GDP) contracted 7.3% in 2020-21, as per provisional National Income estimates released by the National …
Continue reading “Insights into Editorial: Growth matters but income levels matter more”
Context: The second wave of the COVID-19 pandemic could be slowly receding with a decline in the official estimates of daily infections and deaths. The economy is also very gradually getting back to normal, with many States beginning to ease some of the restrictions imposed in their lockdowns. However, the challenge of an …
Continue reading “Insights into Editorial: The rural economy can jump-start a revival”
Context: India’s Gross Domestic Product (GDP) contracted by 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office, marginally better than the 8% contraction in the economy projected earlier. GDP growth in 2019-20, prior to the COVID-19 pandemic, was 4%. The Gross Value Added (GVA) in the economy shrank …
Continue reading “Insights into Editorial: GDP shrinks by 7.3%; Q4 uptick moderates 202021 carnage”
Context: There is now more evidence to show that the Indian economy “is pulling out of COVID-19’s deep abyss and is reflating” at a pace that beats most predictions, RBI officials, including Deputy Governor said in an article in the central bank’s monthly bulletin. RBI released an article titled “State of the Economy” stating …
Continue reading “Insights into Editorial: Economic revival beating predictions: RBI bulletin”
Context: The Rs 20-lakh crore package announced by Prime Minister Narendra Modi sounds big but will burn only a small hole in the government’s finances. A large part of it, or as much as Rs 8.04 lakh crore, is additional liquidity injected into the system by the Reserve Bank of India through various measures in …
