BUSINESS ECONOMICS - June 01 - 30, 2024

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

4 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