An SBI Research study’s claim that there is greater formalisation of the economy is unfounded According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. Formalisation, the report says, has taken place through the gross value-added (GVA) route, consumption through increased digital payments, and…Continue Reading
In early November, three troubling reports came in. Approximately 5.46 million Indians lost their jobs in October as per CMIE data. In particular, our youth unemployment rate was 28.26 per cent in 2020-21, compared to 15.66 per cent in 2016-17. By August 2021, around 33 per cent of all employable youth were estimated to be…Continue Reading
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ExplainSpeaking-Economy is a weekly newsletter by Udit Misra, delivered in your inbox every Monday morning. Click here to subscribe Dear Readers, Last week was quite hectic if one tracks the Indian economy. Apart from the ups and downs of the stock markets, the Niti Aayog came up with a National Multidimensional Poverty Index. This index uses…Continue Reading
India’s forex exchange reserves increased by USD 289 million to USD 640.401 billion for the week ended November 19, the Reserve Bank said on Friday. The overall reserves had declined by USD 763 million to USD 640.112 billion in the previous reporting week. They had touched a life time high of USD 642.453 billion in…Continue Reading
Ministry of Health and Family Welfare India’s Cumulative COVID-19 Vaccination Coverage exceeds 120.27 Cr More than 83.88 Lakh doses administered in the last 24 hoursRecovery Rate currently at 98.33%10,549 New Cases reported in the last 24 hoursIndia’s Active Case load stands at 1,10,133Weekly Positivity Rate (0.89%) less than 1% for last 12 days Posted On:…Continue Reading
India’s Foreign Secretary Harsh Vardhan Shringla, on Wednesday (November 24), said that India is assessing all the options in regard to the trade ties with China but only after ensuring that country’s integrity and security remain intact. During an interactive session organised by the Indian Chamber of Commerce, Shringla said, “Trade continues, there are investment…Continue Reading
Ministry of Information & Broadcasting Come and Be a part of India’s ‘Cinematic Kaleidoscope’ of ‘Collaborative diversity’: Union I&B Minister at IFFI 52 Opening Ceremony “Government aims to make India the hub for world cinema, the place of choice for filmmakers and film lovers”: I&B Minister Anurag Thakur“With unique combination of connectivity, culture and commerce,…Continue Reading
Ministry of Health and Family Welfare India’s Cumulative COVID-19 Vaccination Coverage exceeds 115.79 Cr More than 51.59 Lakh doses administered in the last 24 hoursRecovery Rate currently at 98.29%10,302 New Cases reported in the last 24 hours India’s Active Caseload stands at 1,24,868Weekly Positivity Rate (0.93%) less than 2% for last 57 days Posted On:…Continue Reading
Paytm is one of India’s most recognisable brands especially in post-demonetisation era. The payments platform has seen explosive growth in years after demonetisation. And this is the reason performance of its IPO, biggest ever in India, had everyone’s eyed glued to the stock market. But the IPO hit headlines, not as much for the money it…Continue Reading