Policies are Meant for Growth not for Impairment
How deep UK Recession will be in 2023 Table of Contents The United Kingdom (UK) will face recession. Many people are worried and fearing about recession. How deep this recession is going to be and what are the steps government has taken so far? Let us try to find out through this article. UK’s GDP, …
Reserve Bank of India Releases Financial Stability Report Table of Contents On 29th December, 2022, Reserve Bank of India (RBI) released Financial Stability Report (FSR). It provided overall evaluation on risks to stability of the Indian Financial Stability. What is Financial Stability Report (FSR)? FSR is a semi-annual publication report published by Reserve Bank of India …
India’s real GDP estimated to grow at 7% during 2022-23 – First Advance Estimates In 2016-17, the First Advance Estimates of GDP was introduced. The First Advance Estimates of GDP was introduced essentially to serve as inputs to the budget exercise. This is based on limited data and compiled using Benchmark-Indicator method, i.e. the estimates …
A Small Note on Potential GDP and Output Gap Welcome Back to Basics. Many times we come across the term Potential GDP and Output Gap in many of the articles. They would state that Potential GDP has increased or Output gap has widened, but what exactly is the Potential GDP or Output Gap is. What …
What is Recession – An Overview Welcome Back to Basics. What is Recession? There is no standard definition for Recession. It is generally defined has period of decline in economic activity consecutively for two quarters. In simple, fall in Real (inflation-adjusted) Gross Domestic Product (GDP) for two consecutive quarters is called Recession. The rule of …
Global Growth Outlook diminishes Asia’s Growth Prospects Today (15.12.2022), Asian Development Bank (ADB) released its Asian Development Outlook (ADO) Supplement. ADB in its ADO stated that there are three main factors which continues to affect the recovery in Developing Asia. They are i) recurrent lockdowns in the People’s Republic of China (PRC), ii) the Russian …
Fiscal Balance – A Small Note Welcome Back to Basics. What is fiscal Balance? The balance of a government’s tax revenues (plus any proceeds from asset sales) minus government spending is called fiscal balance. This is also called as Government Budget Balance, Public budget balance, or Public fiscal balance (for convenient purpose let us keep …
Kautilya’s and Adam Smith’s Canon of Taxation. Kautilya – The True Founder of Economics Kautilya alias Vishnu Gupta (who is famously known as Chanakya) was an Indian politician, strategist and writer. He is well known for his text “ARTHASHASTRA”. He lived during 350 BC-275 BC. Adam Smith, Father of Economics, is well known for his …
Are Subsidies Bad? Welcome Back to Basics. We all come across the term subsidies more often. But, what it is? What is its main objective? Are there any economic effects due to subsidy and is it good or bad? We will find out here. 1. What is a Subsidy? What are the main Objectives of Subsidies? Answer: …
Indian Economy – A Brief Overview GDP Growth projection; India has become the fifth largest economy in the world and second-fastest economy in the G20 for the financial year 2022-23. The Growth of Real GDP or GDP at Constant Prices (2011-12) for the second quarter of 2022-23 is estimated at 6.3% as compared to 8.4% …
