Policies are Meant for Growth not for Impairment
India’s Union Budget – 2023-2024 – An Analysis Table of Contents Introduction India’s Union Budget 2023-24 was presented by the Finance Minister Nirmala Sitharaman on 1st February, 2023. This article will analyse some of the main aspects of the Budget. For Flipbook View (click here: Union Budget) Before delving into the analysis it is important to …
Global Growth Rate will fall in 2023 and 2024: WEO, IMF. Table of Contents On Tuesday (31.01.2023), International Monetary Fund (IMF) has released World Economic Outlook, 2023. The Report stated that: · Global growth forecast – 3.4% in 2022, 2.9% in 2023, to increase in 2024 to 3.1% · In the October 2022 World …
Union Budget 2023-24: Key things to Watch Out for in this Budget Table of Contents All eyes and ears will be on India’s Finance Minister’s Budget Speech on 1st February 2023 (i.e. on Wednesday). The expectations from the Budget will be so high at this juncture as we have moved a little ahead from the …
Interesting Facts oN Union Budget of India Table of Contents The Indian Budget has started even before Independence. On 18th February, 1869, James Wilson, then Finance Member of Indian Council, Presented the First Indian Budget. He was also the Founder of The Economist. First Budget of Independent India The first Budget of Independent India was …
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 …
