India, one of the world’s fastest-growing major economies, is currently facing an economic slowdown. Over the past three quarters, the GDP growth rate has dropped significantly, and private consumption—a crucial component of the economy—has also declined. In this article, we explore why this slowdown is happening, its implications, and potential solutions to revive private consumption….
In recent years, the Indian banking system has come under scrutiny for writing off massive corporate loans while relentlessly pursuing smaller borrowers for repayment. A staggering ₹12 lakh crore worth of corporate loans have been written off in the past decade, raising significant questions about fairness, accountability, and the effectiveness of the recovery process. What…
LIC Bima Sakhi Yojana: Empowering Rural Women in India The LIC Bima Sakhi Yojana is a groundbreaking initiative launched to uplift rural women by providing them with meaningful employment opportunities in the insurance sector. This innovative program addresses critical issues such as gender disparity, financial dependence, and the lack of career avenues for women in…
Sanjay Malhotra Biodata and Biography Sanjay Malhotra, a distinguished Indian Administrative Service (IAS) officer of the 1990 batch from the Rajasthan cadre, has been appointed as the 26th Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. His extensive career in various governmental sectors underscores his expertise and leadership capabilities. Early Life and…
India’s Gross Domestic Product (GDP) growth for the July-September quarter of 2024 decelerated to 5.4% year-on-year, marking the slowest expansion in seven quarters. This slowdown fell short of the anticipated 6.5%, raising concerns about the underlying factors impacting the economy’s momentum. Key reasons include weakened urban consumption, elevated food inflation, and high borrowing costs, all…
Introduction to the PM Internship Scheme The PM Internship Scheme is a significant milestone in the journey of young professionals seeking real-world experience. Announced in the Union Budget for the financial year 2024-25, the Prime Minister’s Internship Scheme (PMIS) is an initiative aimed at bridging the gap between academic learning and industry demands. By providing internships…
India has become a major destination for foreign direct investment (FDI), attracting record inflows despite global economic uncertainties. The Department for Promotion of Industry and Internal Trade (DPIIT) reported a 15% year-on-year increase in FDI inflows in the first half of 2024, driven by the technology, manufacturing, and renewable energy sectors. Major investments have been…
India is grappling with rising inflation rates, driven by surging food and energy prices, which are putting a strain on household budgets and industrial costs. According to the Ministry of Statistics and Programme Implementation, retail inflation jumped to 6.8% in October, exceeding the Reserve Bank of India’s (RBI) comfort zone. Food inflation, particularly in essential…
Amid global economic uncertainties, India’s GDP growth forecast for the financial year 2024 has been revised by various economic institutions. The International Monetary Fund (IMF) recently adjusted India’s growth outlook to 6.3%, reflecting concerns over a slowing global economy and the effects of tighter monetary policies worldwide. The Reserve Bank of India (RBI) has also…
