NITI Aayog says Nominal Growth of 12.4% Annually for $5-Trillion GDP

NITI Aayog CEO Amitabh Kant informed the Standing Committee on Finance that Gross domestic product (GDP) as per current prices without accounting for inflation the growth measure has to be at least average 12.4% annually for the next five years ..

Nomura’s Food Vulnerability Index ranks India at 44th

A report published by Japanese Nomura Global Market Research have ranked 110 countries in Nomura’s Food Vulnerability Index (NFVI) 2019 on the basis of three components (1) Net food import, (2) Country’s Gross Domestic Product (GDP) per person and (3) ..

India hosts World Customs Organization RCP meeting of Asia Pacific

India hosted the World Customs Organization (WCO) Asia Pacific Regional Contact Points (RCP) that was held for 3 three days on Puducherry. The conference is being held for the fourth time in India. Previously it was held in Jaipur and ..

Month: Current Affairs - November, 2019

GoI: Consumer Expenditure Survey, 2017-18 not to be released due to quality issues

The Ministry of Statistics and Programme implementation said that it is not releasing Consumer Expenditure Survey due to quality issues. The next Consumer Expenditure Survey is to be conducted in 2020-21 and 2021-22. Highlights According to the National Statistical Office ..

Month: Current Affairs - November, 2019

Goldman Sachs lists challenges for Indian Economy

The international financial conglomerate Goldman Sachs has listed weak investment and muted monetary transmission as two of the greatest challenges for the Indian Economy. What has happened? The Indian GDP growth had increased for an average of 6.7% in the ..

Budget 2019 : Borrowings/ Government Debt

The Union Budget had the following to say on the government debt- India s sovereign external debt to GDP is less than 5%. It is among the lowest globally among major economies. The Indian Government needs to borrow some money ..

Disasters’ Destroying Economic Potential

As per the Odisha Economic Survey 2018-2019, Odisha s economic growth was severely hindered by several natural disasters which have occurred at frequent intervals. What does the survey say? Disasters have caused enormous losses to life, livelihoods, property, and infrastructure. ..

Healthy States, Progressive India: NITI Aayog’s Health Index 2019

NITI Aayog has released the 2nd edition of report titled “Healthy States, Progressive India: Report on Rank of States and UTs”. The report has been prepared in collaboration with Union Ministry of Health and Family Welfare along with technical assistance ..

Month: Current Affairs - June, 2019

Preliminary Report of Standing Committee on Finance

The Preliminary Report of the Standing Committee on Finance was tabled in the Parliament. The report titled Status of Unaccounted Income/Wealth Both Inside and Outside the Country A Critical Analysis makes the following observations: The committee s report was based ..

Ex-CEA’s claim on GDP refuted by the PM s Economic Advisory Council

The Prime Minister s Economic Advisory Council (EAC) has refuted the assertion by the former chief economic advisor (CEA) Arvind Subramanian that India s GDP was overestimated between FY12 and FY17. Arvind Subramanian s Assertion His assertion was that India ..