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Economic growth focuses on output and GDP, while development ensures quality of life, inclusivity, and multi-dimensional progress.True progress lies in balancing both for sustainable futures.
Read MorePMJDY Crosses 560 Million Accounts in 11 Years Why in the News ? The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, has completed 11 years, achieving over 560 million bank accounts with deposits exceeding ₹2.68 lakh crore. It is the world’s largest financial inclusion scheme, empowering rural poor, women, and underserved communities through …
Read MoreIndia’s Exports Face Heavy US Tariffs Why in the News? The US has enforced 50% tariffs on India’s exports from August 27, 2025, including an additional 25% penalty tariff linked to India’s Russian oil imports. This move, reminiscent of Trump-era trade policies, is expected to impact 55% of India’s US-bound shipments, worth nearly $47–48 billion, …
Read MoreIndia’s journey of economic reforms includes liberalization, globalization, privatization, and fiscal and financial sector improvements. These measures have driven efficiency, global integration, and sustainable growth.
Read MoreAtmanirbhar Bharat and Path to Viksit Bharat Syllabus: GS Paper – 3 Growth & DevelopmentGS Paper – 2 Government Policies & Interventions Why in the News ? On August 15, 2024, Prime Minister Narendra Modi addressed the nation from the Red Fort. He emphasized self-reliance (Atmanirbharta) as the foundation for building a Viksit Bharat by …
Read MoreSyllabus: GS Paper – 3 Banking Sector & NBFCs, Monetary Policy, Growth & Development Why in the News? The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the RBI repo rate unchanged in its latest RBI MPC meeting decision, citing a neutral stance. Despite global headwinds like reciprocal tariffs by …
Read MoreIMF Raises India’s Growth Forecast to 6.4% Why in the News ? The International Monetary Fund (IMF) has revised India’s GDP growth forecast for FY2025-26 and FY2026-27 to 6.4%, citing easing global trade tensions, improved financial conditions, and a more benign external environment compared to earlier projections. IMF Projections and Growth Outlook: India’s GDP growth …
Read MoreINDIA’S INEQUALITY DEBATE NEEDS CLARITY Syllabus: GS-2: Issues Relating to Poverty & Hunger, Issues Related to Children, Issues Related to Women, Government Policies & Interventions GS-3: Inclusive Growth WHY IN THE NEWS? A recent World Bank report claimed India has the world’s lowest consumption inequality, citing a Gini index of 25.5 in 2022-23. Simultaneously, it …
Read MoreIndia’s Growing Outward FDI Conundrum: Implications for Economic Growth and Policy Syllabus: GS Paper – 2 Government Policies & Interventions GS Paper – 3 Liberalization, Growth & Development Why in the News? The 2025 UNCTAD World Investment Report and two other global studies have flagged a sharp decline in global FDI flows, highlighting its implications …
Read MoreTHE THALI INDEX AND INDIA’S FOOD SUBSIDY REFORM Syllabus: GS-3: India Economy and development Food Security Why in the News? A recent analysis of India’s household consumption expenditure survey (2023–24), juxtaposed with the ‘Thali Index’, has revealed significant gaps between poverty estimates and actual food consumption affordability. Despite optimistic poverty data from SBI and the …
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