In 2024-25, India exported $387.54 bn worth of services, against imports of $198.14 bn, earning all-time high surplus of $189.40 bn. This offset 2/3rd of goods trade deficit.
Federal think tank report says gap persists across most sub-sectors, shaped by occupational segregation, limited access to high-paying positions, and skill mismatch.
GDP of Q4 of last fiscal grew at 7.4% year-on-year—fastest in a year & above expectations. Despite global headwinds, India is projected to grow at 6.3–6.4% in FY26.
Global media also looks at how an ‘experimental community’ near Mumbai is trying to slash its emissions to zero, and how UK is dumping its waste tyres in India.
The rebound in growth in December quarter was expected, owing to improvement in govt spending, festival-induced boost to consumption & a sharp increase in non-oil exports.
Jobs, while they increased by 11.2 crore during the Modi years, are the Achilles’ heel of India’s development as labour participation remains low and the informal sector dominates.
Two standard criticisms voiced by market-oriented commentators are that the Narendra Modi government has erred seriously in staying away from regional free trade arrangements,...
CEA Nageswaran cites broad-based recovery in consumption and investment even as RBI cuts FY27 growth forecast to 6.6% amid West Asia-related inflation risks
An oil shock, monsoon fears, rampant unemployment, and the seeming inevitability of inflation are common to both eras. Indira Gandhi’s self-destructive responses are instructive today.
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