“Coal No More: Unpacking India’s Bold Move to End Coal Imports and Embrace Renewable Energy by 2026”
India recorded a significant increase in coal production, reaching approximately 785.24 million tonnes (MT) in the financial year 2022-2023 (up to February 2023), marking a 15.14% growth compared to the same period in the previous year. In the financial year 2021-2022, the total coal production was 778.19 MT, compared to 716.08 MT in 2020-2021, showing an 8.67% growth.
“From Farm to Foreign Shores: India Enhances Global Trade with Advanced Sea Shipping for Produce”
India is the world’s largest banana producer, accounting for 26.45% of global production. However, its share in the global export market is only 1%. In 2022-23, banana exports from India were valued at USD 176 million. The export of mangoes has also seen a significant increase, with a 19% rise to USD 47.98 million during April-August. The main export destinations include the US, Japan, New Zealand, Australia, and South Africa. The overall exports of fruits and vegetables grew by about 13% to approximately USD 2 billion during April-October of the fiscal year.
“Challenges in the Indian Railways: A Closer Look at the Numbers”
The Indian Railways (IR), one of the world’s largest railway networks, has always played a crucial role in the country’s economic development. However, recent data suggests that this vital institution is facing some significant challenges
“Surge in Employment: EPFO Adds 1.72 Million Members in September, Signaling Economic Upswing”
About 8.92 lakh new members joined EPFO in this month. Notably, the age group of 18-25 years constituted 58.92% of these new enrollments, indicating a significant influx of first-time job seekers into the formal sector.
“The Angel Tax Explained: What Startups in India Need to Know About New Investment Rules”
India’s thriving startup ecosystem is set to receive a significant boost with the recent introduction of new rules by the Income Tax Department (I-T) aimed at simplifying the valuation process for investments in unlisted startups.
“Adapting to Carbon Taxes: How India Counters EU’s CBAM Export Challenges”
The European Union’s Carbon Border Adjustment Mechanism (CBAM), initiated as part of its Green Deal, aims to reduce greenhouse gas emissions by 55% before 2030.
“From Digital Revolution to Trillion-Dollar Triumph: India’s Internet Economy by 2030”
A recent report titled “The e-Conomy of a Billion Connected Indians” by Google, Temasek, and Bain & Company, released in June 2023, has painted a compelling picture of India’s internet economy. It projects that India’s internet economy will grow to a staggering $1 trillion by 2030, a remarkable leap from $175 billion in 2022.
“Understanding India’s K-Shaped Economic Phenomenon: Sectoral Insights, Household Income Trends, and GDP Implications”
India’s economic recovery displays a clear K-shaped pattern, with some sectors prospering while others face challenges. The household income situation, employment dynamics, and sectoral disparities highlight the complexities of this trend. As the country grapples with these issues, it becomes crucial to address the structural weaknesses in the economy to ensure a more equitable and sustainable recovery.
“Behind the Numbers: Insights into India’s Journey to $4 Trillion GDP”
India’s crossing of the $4 trillion GDP threshold is more than a numeric milestone;
India’s Startup Ecosystem: Paving the Way for Economic Growth
As of now, India stands as the third largest startup ecosystem globally. The country boasts over 1.12 lakh startups, with more than 110 identified as unicorns, collectively valued at around $350 billion. These startups are diversely spread across 56 industrial sectors, demonstrating India’s strength in innovation.