India, one of the fastest-growing economies, has only one-third of the global average carbon emission. India aims to achieve “Viksit Bharat” by 2047 and Net Zero carbon emissions by 2070. To achieve these goals, India focuses on High economic growth and Inclusive, environmentally sustainable development. The chapter reviews India’s initiatives and performance in addressing climate…
Over the past thirty years, India’s economic growth has been significantly supported by the services sector. Post-pandemic developments in FY24 highlight a transformation in domestic service delivery, driven by policy reforms, infrastructure improvements, and a shift towards digital services such as online payments, e-commerce, and entertainment platforms. The demand for high-tech services has also increased….
India’s achievements against targets for climate change: CLIMATE CHANGE AND THE GLOBAL APPROACH WEO-2023 proposes a global strategy for getting the world on track by 2030 The Five Key Pillars to this proposal include UNDERSTANDING OF LAWS OF LIFE Two simple principles that stand paramount about laws of life : 1) Humans cannot create…
In the medium term, the Indian economy can grow at a rate of 7 per cent plus on a sustained basis if we can build on the structural reforms undertaken over the last decade. Against this backdrop, the chapter identifies the areas of crucial policy focus as well as presents a six-pronged growth strategy to…
INTRODUCTION Key Industrial Intermediates Cement industry: clinker has increased. However, the quantity of imports is still low. Steel Sector Contribution of the sector: Iron and steel contribute approximately 47 per cent of all inputs in the building & construction sector. It also serves as a critical input for the production of machinery and consumer goods….
Over the past five years, India’s agriculture sector has grown at an average rate of 4.18% annually, with a substantial stock of foodgrains and significant exports. Despite this growth, challenges like low productivity, weather variability, fragmented land holdings, and inadequate marketing infrastructure persist. The chapter discusses government interventions in crops, livestock, animal husbandry, and fisheries…
Global Economic Scenario Current Problems Facing the Global Economy Buoyancy in Revenues Continues in FY24: Global GDP Growth: Despite geopolitical uncertainties and inflationary pressures, the global economy registered a growth of 3.2% in 2023, which is robust but marginally lower than in 2022. Inflation Trends: Inflationary pressures have been high due to supply chain disruptions…
Primary Source: PIB The Budget document presented by our finance Minister on 23rd July 2024 was the first budget presented in the 18th Lok Sabha after the conduct of recent swearing in. the Previous budget presented in the starting of this year was an interim budget presented by the Previous government. Stages of a Budget…
Synopsis The Indian industry is central to the Indian economy, contributing to about 30% of the total GVA. However, in the last three years, the Indian industries have faced a set of challenges, including the Covid-19 pandemic and the Russia-Ukraine war, due to which the input prices mounted, disrupting the supply chain. However, the Indian…
Social Infrastructure Social infrastructure forms the foundational services and structures that add to the citizens’ quality of life and indirectly contribute to economic development through increased income, better productivity and technological advancement. Quality of life encompasses various factors: Basic income and employment opportunities Education levels; Healthcare, Social security, Connectivity etc. Therefore, a robust social infrastructure…
