BUSINESS ECONOMICS - December 01 - 31, 2022

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Indian is having a large human capital, both physical and intellectual. A recent report titled “Why this is India’s decade” by Morgan Stanley has forecast that that India will account for a fifth of total global economic growth in the next decade. According to this report India’s GDP is set to double from the current USD 3.4 trillion to USD 8.5 trillion over the next decade. India will add more than USD 400 billion to its GDP every year. In 1857 Swami Vivekananda had also said that India shall be one of the major global economies within 150 years. IMF has projected India’s GDP to grow by 6.8% in 2022-22.

Two episodes of US inflation and responses: Are there any lessons?

The central bank of the United States (US), the Federal Reserve (the Fed) has been on a “war path to fight inflation” since May this year.

7 mins

Central Bank Digital Currency - A Financial Revolution

November 1 witnessed India’s central bank launching the digital currency (Rupee) in the wholesale segment.

6 mins

Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank Limited with headquarters in Mumbai; is India’s third largest private sector bank by market capitalisation as of November 2021.

2 mins

Persisting inflation hindering growth and increasing hardship of people

Price inflation in the Indian economy has been persisting by more than 6% - the upper tolerance limit of RBI - for 10 months in a row. It is mandatory for the RBI to answer India’s government if the inflation remains 6% or more for more than two quarters sequentially.

3 mins

India is projected to drive global economic growth

India is on track to become the world’s third largest economy by 2027, edging past Japan and Germany, says a new Morgan Stanley research report. India will account for a fifth of total global economic growth in the next decade.

10 mins

Price of yellow metal at a hike on constant basis

The gold market is seeing constant profits as prices are constantly increasing for the yellow metal.

2 mins

India can boost growth with lower inequity by implementing five policies

Are many of the developed economies of Europe, USA and some others going to enter into economic recession in the coming quarters? Has India been doing well in economic development? Many other contemporary issues were discussed byPrabhatPatnayak, professor emeritus, Jawaharlal Nehru University and a social activist, in his speech on the occasion of 100th anniversary of All India Reserve Bank Employees’ Association in Kolkata. Later he spoke to Kishore Kumar Biswas on some other relevant issues. The summery of Patnayak’s views are given below:

4 mins

Is The Developed World Going To Face Recession? How Should India Prepare?

Almost everyday well circulated newspapers around the world are reportedly pointing out that the US and most of the countries in the Eurozone are going to face economic recession in the coming quarters.

4 mins

FAFAI celebrates Silver Jubilee with First Kolkata Convention

The Fragrances and Flavours Association of India (FAFAI) recently organised a curtain raiser at ITC Sonar Bangla, Kolkata to mark their upcoming Silver Jubilee Edition Convention & Expo.

1 min

Indian Copper market is gaining pace amidst global recession

In contrast to the global economy, India is picking up the pace in recent times.

2 mins

The Young Indians (YI), Kolkata Chapter celebrates Children's Day on a different note

On the occasion of Children’s Day on 14th November’22, The Young Indians (YI), Kolkata Chapter, The Youth Wing of CII (Confederation of Indian Industry) initiated the ‘Flight of Fantasy’ project where they flew down 14 children from the 2 Kolkata based NGO’s Don Bosco Ashalayam and MSS to Mumbai, India’s dream city.

2 mins

Hindi version of the book - Reporting India' is out

The literary circles in Delhi recently celebrated the unveiling of Hindi translation of an amazing book penned by the legendary journalist of India, Shri Prem Prakash.

1 min

Sardar Vallabhbhai Patel: Nation Builder and a True Democrat

“Our mutual conflicts and internecine quarrels and jealousies have in the past been the cause of our downfall and our falling victims to foreign dominations a number of times. We cannot afford to fall into those errors and traps again.” – Sardar Vallabhbhai Patel

3 mins

How Spirituality Strengthens Humanity

Human life is considered a unique blessing, which lies in the achievement of awareness about self.

4 mins

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