BUSINESS ECONOMICS Magazine - June 01 - 30, 2024![Add to My Favorites Add to Favorites](/static/icons/filled.svg)
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BUSINESS ECONOMICS Magazine - June 01 - 30, 2024![Add to My Favorites Add to Favorites](/static/icons/filled.svg)
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In this issue
Savings and investments are two key variables which play a pivotal role in economic growth and expansion. Indian households saved a smaller portion of their income in 2022–23 compared to previous year and net financial savings have dropped to a five year low. The Reserve Bank of India has noted that household net financial savings fell sharply to 5.1% of GDP in 2022-23 from 11.5% in 2020-21, well below its long-run annual average of 7-7.5%. India's economy will expand by 8% in 2023-24 and is
projected to grow by 7% in the current year. RBI estimates the economy to grow at 7% in the current financial year.
Rise of BRICS and the West: The dethroning of the US Dollar
The International Monetary Fund (IMF) has been warning about a growing rift in global trade along geopolitical lines.
![Rise of BRICS and the West: The dethroning of the US Dollar](https://reseuro.magzter.com/100x125/articles/10402/1725470/EoN3ZUMIi1719490765277/RISE-OF-BRICS-AND-THE-WEST-THE-DETHRONING-OF-THE-US-DOLLAR.jpg)
4 mins
Japan's economic crisis and its impact on India
Japan’s economic crisis, ongoing for nearly four decades, continues to deteriorate with no clear end in sight.
![Japan's economic crisis and its impact on India](https://reseuro.magzter.com/100x125/articles/10402/1725470/gq_2_I1T21719491106851/JAPANS-ECONOMIC-CRISIS-AND-ITS-IMPACT-ON-INDIA.jpg)
3 mins
Chabahar Port Agreement: Part of India's strategic and economic vision for Central Asia and Europe
On May 13, India and Iran signed a 10-year contract to operate the Chabahar port in Iran.
![Chabahar Port Agreement: Part of India's strategic and economic vision for Central Asia and Europe](https://reseuro.magzter.com/100x125/articles/10402/1725470/-ybMpyDDW1719492678598/CHABAHAR-PORT-AGREEMENT-PART-OF-INDIAS-STRATEGIC-AND-ECONOMIC-VISION-FOR-CENTRAL-ASIA-AND-EUROPE.jpg)
2 mins
Indian industries stand to benefit in raising of tariff on Chinese imports to the US
A delicate balance of power and influence exists between the United States of America and China.
![Indian industries stand to benefit in raising of tariff on Chinese imports to the US](https://reseuro.magzter.com/100x125/articles/10402/1725470/S2QZHK0B_1719492806766/INDIAN-INDUSTRIES-STAND-TO-BENEFIT-IN-RAISING-OF-TARIFF-ON-CHINESE-IMPORTS-TO-THE-US.jpg)
1 min
Macron speaks on Europe's economic fragility
Many heads of state often speak on topics over which they have little control or vested interest.
![Macron speaks on Europe's economic fragility](https://reseuro.magzter.com/100x125/articles/10402/1725470/N5zVHYEJv1719492862836/MACRON-SPEAKS-ON-EUROPES-ECONOMIC-FRAGILITY.jpg)
2 mins
How is India's falling household savings rate worrisome for its development?
There has been a sharp reduction in the household net financial savings rate in 2022-23, leading to an overall decline in the financial savings rate.
![How is India's falling household savings rate worrisome for its development?](https://reseuro.magzter.com/100x125/articles/10402/1725470/rkaSWps7j1719491394090/HOW-IS-INDIAS-FALLING-HOUSEHOLD-SAVINGS-RATE-WORRISOME-FOR-ITS-DEVELOPMENT.jpg)
2 mins
Can India get out of the middle income trap?
In the mid-1980s, international financial institutions moved away from calling their member countries as poor and rich countries, or as developed and less developed countries.
![Can India get out of the middle income trap?](https://reseuro.magzter.com/100x125/articles/10402/1725470/E8JElxzKK1719491578945/CAN-INDIA-GET-OUT-OF-THE-MIDDLE-INCOME-TRAP.jpg)
4 mins
Households saving more in physical assets; making funds inaccessible for investment
With inflation continuing to hurt daily budgets, Indian households are finding it difficult to save money.
![Households saving more in physical assets; making funds inaccessible for investment](https://reseuro.magzter.com/100x125/articles/10402/1725470/48j_GxnWj1719490191343/HOUSEHOLDS-SAVING-MORE-IN-PHYSICAL-ASSETS-MAKING-FUNDS-INACCESSIBLE-FOR-INVESTMENT.jpg)
7 mins
Government initiatives aim to bolster rubber cultivation and innovation
Rubber tree plantation has seen significant growth in India, thanks to robust government oversight and favorable weather conditions.
![Government initiatives aim to bolster rubber cultivation and innovation](https://reseuro.magzter.com/100x125/articles/10402/1725470/1di7YNSEl1719492941036/GOVERNMENT-INITIATIVES-AIM-TO-BOLSTER-RUBBER-CULTIVATION-AND-INNOVATION.jpg)
3 mins
Mother Teresa International Award 2024: Celebrating Humanity and Service
The Mother Teresa International Award, a prestigious honor recognizing individuals dedicated to serving humanity, will host its 2024 ceremony in Dubai, United Arab Emirates.
![Mother Teresa International Award 2024: Celebrating Humanity and Service](https://reseuro.magzter.com/100x125/articles/10402/1725470/QwOH0bZ8Y1719491979104/MOTHER-TERESA-INTERNATIONAL-AWARD-2024-CELEBRATING-HUMANITY-AND-SERVICE.jpg)
2 mins
The battle for sustainability: Earth Day's message of 'Planet vs. Plastics
World Earth Day, observed annually on April 22 worldwide, commemorates contemporary environmental advancements and promotes awareness of the imperative to conserve Earth and its resources.
![The battle for sustainability: Earth Day's message of 'Planet vs. Plastics](https://reseuro.magzter.com/100x125/articles/10402/1725470/jTRUoINjI1719492136927/THE-BATTLE-FOR-SUSTAINABILITY-EARTH-DAYS-MESSAGE-OF-PLANET-VS-PLASTICS.jpg)
4 mins
It is quite incredible to see things of interest happen with the blessings of the divine trio
Swamiji once said, “The wind of divine grace is always blowing. You just need to spread your sail.
![It is quite incredible to see things of interest happen with the blessings of the divine trio](https://reseuro.magzter.com/100x125/articles/10402/1725470/VRAUcsu_91719492343087/IT-IS-QUITE-INCREDIBLE-TO-SEE-THINGS-OF-INTEREST-HAPPEN-WITH-THE-BLESSINGS-OF-THE-DIVINE-TRIO.jpg)
4 mins
BUSINESS ECONOMICS Magazine Description:
Publisher: Business Economics
Category: Business
Language: English
Frequency: Monthly
Business Economics, following its credo of “exclusive and comprehensive” coverage, has been one of India’s most popular business magazines. What started as a 12-page tabloid in 1995 has become a magazine with global reach and coverage.
Each issue consists of ten main sections: World, Finance, Economy, Industry, Agriculture, Environment, Technology, Health, Culture, and Enlightenment. It covers the entire gamut of economic activities in India and abroad. Thoughtful pieces on socially and politically relevant issues, health, education, culture and enlightenment are also covered to give our readers an all around perspective.
Besides having a team of highly-qualified and experienced editors and a network of correspondents spread across the country, it has a panel of eminent columnists.
Business Economics is committed to objective reporting and is not attached to any political or economic ideology
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