BUSINESS ECONOMICS - February 1 - 28, 2023

In this issue

All Bharatwasis celebrated the Republic Day of our Bharat Mata on 26th January 2023 with great joy and with a spirit of dedication to our great Nation “Bharat“. Tribute was paid to Netaji Subhash Chandra Bose on 23rd January 2023 for his warrior and Motherly nationalist spirit. He was championing equality, harmony, inclusiveness and eradication of poverty. Reverence and homage was paid by joyous celebration to Paramananda Sri YoganandaJi on 5th January 2023 and revered Swami Vivekananda on 12th January 2023.
Indian Economy: A World Bank report said that navigating the storm India’s economy is relatively insulated from global shocks as compared to other emerging markets. India’s economy has been remarkably resilient to the deteriorating external environment. United Nations reported India’s Gross Domestic Product (GDP) growth rate is projected to be moderate to 5.8% in 2023 from an estimated 6.4% in 2022. The government has estimated India’s real GDP growth in FY 23 at 7% as compared to 8.7% in 2021 – 22. India is said to become the 5th largest economy in the world.

How to conserve foreign reserves: possibility of international trade in rupee?

The World Trade Organization (WTO) has revised downwards its previous global trade growth forecast from 3.4% to 1%. Interest rate increases, which have been resorted to by major economies for fighting inflation have resulted in fears of recession, consequent to monetary tightening.

7 mins

Is The Global Economy Heading For Recession?

Few asked this question. Is it true? Hopefully, by the end of this article and analysis, Before going into whether we are heading to the global recession, it is important to understand what are the characteristics of global recession.

4 mins

Is Old Pension Scheme Better Than New Pension Scheme

The backpedalling from the new pension scheme to the old pension scheme is being debated. Few state governments have even restored the old pension scheme in the recent past.

4 mins

Global economic trends impacting India

India requires more public and private consumption to boost its economy. This is because the consumption sector is about 55% of the total demand of the economy.

3 mins

Budget 2023: Ambitious or Ambiguous Masterplan

Economic Survey released on 31st January this year had projected that the GDP growth in 2022-23 will remain 7% whereas for the year 2023-24, it is forecasted to be 6.5%.

7 mins

Indian farmers cultivating ideas for better tomorrow

Agriculture has always been the centre of attention for political parties and academicians in India. The sector generates less than a fifth of gross value added yet provides livelihood to more than three-fifth of the population.

8 mins

Agriculture: achieved a lot but more to be done

The Indian economy has been a growing economy and now it is poised to achieve the level of the fourth and later the third largest economy of the world.

4 mins

Playing by the rules

With the idea of guaranteeing that online games comply with Indian laws and to protect users against probable harm, the Ministry of Electronics and Information Technology (MeitY) issued draft amendments concerning online gaming on January 2, 2023.

5 mins

India trying to strengthen reliance on domestic coal production due to high inflationary pressures

Coal accounts for around 75% of India's power generation at over 150 million tonnes (MT) annually. At present, India's annual coal demand is around 950 MT. Along with its domestic demands in the energy sector; it has a large contribution in the steel industry. The country is the second-largest producer of crude steel; hence it requires a steady supply of coking coal.

2 mins

Will the budget 2023 boost the renewable energy sector?

On February 1, the Budget for fiscal year 2023-24 will be presented to the parliament. Amidst the rising concern for climate change and increasing pollution, the new budget is expected to be a blessing as finance minister Nirmala Sitharam has announced plans to install 500 GW of renewable energy capacity by 2030.

2 mins

Maniben Vallabhbhai Patel: A Life

\"Like the Sardar (Patel), Gandhiji never hide anything from me. In this regard, I believe, he was the best man of his era.\" -Maniben Vallabhbhai Patel

3 mins

Sri Trailangaswami, "The Walking Shiva of Varanasi"

India is a cradle of many geniuses. It is a land a great place for of religion and a great pilgrimage.

3 mins

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BUSINESS ECONOMICS Magazine Description:

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