Economy Archives - Page 2 of 2

Find Out Where India Stands In Food Processing Sector: Why Is It Important?

Pooja YadavMay 13, 20220

Considering the potential Indian sector, India's food processing industry is estimated at $135 billion which is growing at the rate of 8% annually. These signals somewhere truly indicate toward phenomenal shift toward food processing from traditional ways. GDP by processing constitute about 10% of that of agriculture. But given the potential of India, this can be an underachievement. India has about 26 forms of the different climates, 46 styles of soils are there in India out of a total of 60 sorts of soils worldwide. 127 ‘agro-climatic zones’ are identified in India. Also, Indian food is understood worldwide for its unique taste and aroma. India’s regional and cultural diversity is unique and perfectly reflected in food as emotions. Every state in India has something unique to s...

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Retail Inflation Jumped To All-Time High In Last Eight Years; Read To Know Reasons!

Gunjan ChaudharyMay 13, 20220

The common people of the country have once again suffered a major setback on the inflation front. In fact, retail inflation has increased more than expected in the month of April. According to the data released by the government on Thursday, the Consumer Price Index (CPI) in the month of April stood at 7.79%. This figure for retail inflation is the highest in the last eight years. Retail inflation has risen on the back of a sharp rise in food prices and has remained above the Reserve Bank's target upper limit for the fourth consecutive month. Inflation based on the Consumer Price Index (CPI) stood at 6.95% in March this year and was 4.23% in April 2021. Food inflation rose to 8.38% in April, from 7.68% in the previous month and 1.96% in the same month a year ago. The government has a...

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How Direct Benefit Transfers Can A solution To Problems Of Subsidies?

Pooja YadavMay 12, 20220

Though one of the benefits of subsidies is that the greater supply of products, a shortage of supply also can occur. this is often because lowered prices can cause a sudden rise in demand that several producers may find very hard to satisfy. Ultimately, it can result in very high demand which causes a rise in prices. Subsidies are usually effective and helpful. However, if the govt. were to form a report of its success in using subsidies, it might be a distinct story. this is often because it's hard to quantify the success of subsidies. How will the govt raise funds to use for subsidizing industries? after all, by imposing higher taxes. So, it's the final population and corporations who provide the means to enable the govt to subsidize industries. Given above are only few samp...

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Check Out The India’s GDP Forecast For The Year 2022!

Sayani ChakrabortyDecember 31, 20210

The International Monetary Fund (IMF) estimates that India's GDP will rise by 9.5 percent in 2021 and 8.5 percent in 2022, making it the world's fastest-growing economy in both years. Deepak Parekh, the chairman and CEO of HDFC, believes he is in a more optimistic frame of mind than in the previous 50 years. According to the International Monetary Fund, Covid's impact on growth in 2021 will not be a one-time occurrence but rather a continuing trend (IMF). On the other hand, the International Monetary Fund anticipates that India's economic expansion will continue at a rapid pace in the foreseeable future. As former Chief Economic Advisor, Shankar Acharya has earned a reputation for being one of the country's most doomsday economic forecasters. He mentioned that even though he is confide...

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Amit Shah: Our Decision May Be Wrong But Our Intentions Were Never Wrong

Gunjan ChaudharyDecember 18, 20210

During the 94th Annual General Meeting of Federation of Indian Chambers of Commerce and Industries (FICCI) held on Friday this week i.e. 17th December 2021 Union Home Minister Amit Shah talked openly about the decisions of BJP government. Union Health Minister Amit Shah said on Friday that some decisions of the Prime Minister Narendra Modi-led government may be wrong, but our intentions were never wrong. He said that in the last seven years, no one has even been able to accuse the government of corruption, because our intentions have never been wrong. He further said that even those criticizing the government saw what kind of changes took place in the country in these past seven years. Amit Shah said that at the time of Corona pandemic too, the government implemented many schemes in order...