Economy

India's Growth Story – Are We Better Off.. Or, Worse Off..??

United Nations Global Compact (UNGC) report, released this week, stating that richest 1% Indians own 53% of the total, second worst in terms of wealth inequality, puts again a question mark over India’s developmental model. As per an IMF paper, Gini coefficient has risen sharply for the nation since 1990 despite significantly higher growth rate. So, …

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Understanding GST (Part I)…

The countdown to the implementation of Goods and Services Tax (GST) has begun with Bihar becoming the second state to clear State GST (SGST) bill today after Telangana. The Parliament has already passed the centre GST (CGST) and Inter-state GST (IGST) late last month. A look at the bill and various complexities attached to it..

Strengthening Manufacturing – Case of Apparel and Leather Industries…

The push to Indian Manufacturing sector and ‘Make in India’ campaign can receive a boost from some key sectors whose growth has preceded the growth of the economy across the world in recent times. These are Apparel and Footwear offering significant opportunity to accelerate employment generation and boost growth as per the Economic Survey. A look at …

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Global Trade – An Overview…

The change in policy stance of the world’s largest economy has added greater uncertainty to decades of efforts at globalisation. However, while Donald Trump has emerged as a villain, global trade has been witnessing a slowdown since 2008, after the global crisis. For now.. A look at the state of global trade and across major countries..

Resolving NPAs – Understanding Asset Rehabilitation Agency..

NPAs of the banking sector, especially the public sector continue to remain high, estimated at about 12% for PSBs. While various measures have been taken to resolve the issue, none seems to have worked so far. This has led to the proposal of creating a public sector asset rehabilitation agency (PARA) by the Economic Survey, …

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