The Article talks about the present condition of global and Indian economy. In this backdrop, Prime Minister Narendra Modi introduced a stimulus package of 20 lakh crore equivalent to 10% of the GDP. However, a lot more needs to be done. The article here describes some of the measures which can be considered taking up for the revival and smooth running of the economy. This news is related to the topic Indian Economy of GS 3.
Relevance: According to the official estimates nearly 19% of India’s population was already below poverty line. Additionally given the prolonged lockdowns, in the backdrop of COVID-19 pandemic, has affected the economy really badly. To the [Read More]
Relevance: According to the latests data released by National Statistics Office (NSO) India’s Gross Domestic Product (GDP) contracted by 23.9% during the April-June 2020 quarter in comparison to the corresponding period of last year. The [Read More]
Relevance: Unemployment in India has become a chronic problem for the country. The recent data of Centre for Monitoring Indian Economy (CMIE) shows that unemployment rate in India has rose to 7.2% in February, 2019, [Read More]
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