Rising GDP, Lagging Productivity: Why Labour Productivity Holds the Key to India’s Development Goals? Improving labour productivity is crucial to India’s goal of becoming a developed country by 2047, which is embodied in the “Viksit Bharat” vision. This was emphasized…
Over half the size of the U.S. economy, the recent statement by NITI Aayog Vice-Chairman Suman Bery on India’s economy at $15 trillion in purchasing power parity (PPP) terms presents a fascinating starting point for study of important economic models…
India’s total foreign exchange (Forex) reserves stood at around US$572.771 billion on November 13, 2020, the highest ever. The USD-INR exchange rate is USD1 = Rs.73.82 as of November 26, 2020, up from Rs.75. The RBI has also commented that…
Suppose you are a trader in Future Market and deals in Exchange Trade Commodity. Now due to uncertainty in market, demand for that good fell and there will be physical delivery of that good once the trading window is closed.…
In order to understand the middle income trap, we need to first understand what a middle-income economy is. Based on the gross national income per capita, the World Bank classifies economies into the following broad categories: The GNI per Capita…
