Finance Minister Smt Nirmala Sitharaman introduced the Interim Budget 2024-25 in Parliament on Thursday, February 1, coinciding with the commencement of the Budget Session. This budget holds significance as it is an interim one, being presented just before the Lok Sabha Elections. The budgetary allocations and policy directions reflect a strategic approach toward fostering growth, social...
As the global economy is headed toward a recession, India’s market conditions are becoming hostile. Predictions state that this situation will be prolonged up to the end of 2023. Even though India’s performance has been quite satisfactory, given that it is now the world’s fifth-largest economy, the global cues have made it tough to sustain a positive economic outlook.
The world...
India has now managed to dethrone the U.K. and claim the position of the 5th largest economy in the world. For decades we have been reciting the line ‘India is a developing country’ with an abstract idea that there would be a shift in this status someday.
The recent improvements prove that India is successfully working towards changing this narrative. The nation’s rapid attempt to...
Steel Industry & Its Impact on Indian Economy
Overview of the sector:
India was the world’s second-largest steel producer in 2019. India surpassed Japan to become the world’s second-largest steel producer in 2019 with crude steel production of 111.2 million tonnes (MT).
The country is ending FY21 with a total steel consumption of around 95-97 million tonnes of steel which is...