INDIA SET TO GET AN ECONOMY WORTH USD 5 TRILLION BY 2025

India's economy growth

India’s economy can double within a decade, says ADB Chief Economist India was expecting 8 percent growth which has not been achieved yet. However, it should be a matter of worry. In fact, the projected GDP growth of India is over 7 percent should be considered as the incredibly fast growth rate. As per ADB Chief Economist Yasuyuki Sawada, the people of India should not worry about not achieving 8 percent growth. Instead, it should focus on increasing domestic demand by reducing the income inequality. Growth in India is driven…

Read More

WHY DID OUR PRIME MINISTER FAIL TO CREATE 1 CRORE JOBS ANNUALLY?

Unemployment in India

Has the government of India under the leadership of Mr. Modi  failed to create one crore new jobs each year in India? The plain and straightforward answer is “yes” if we go according to the statistics on job creation issued by the government of India. We get a similar result if we consider the electoral promise of “acche din,” made by the prime minister of India. Forget creation of one crore new jobs, the overall rate of unemployment is at this peak during the rule of BJP-led central government. The…

Read More

HOW IS THE DECLINE OF STARTUPS SYSTEMS FEEDING INDIA’S UNEMPLOYMENT CRISIS?

Jobs in India

2017 was not only disappointing for jobs in youth, but it was also a disappointment for the startup sector in the country with a significant drop in the number of new registrations from the year before. Tracxn Technologies Pvt Ltd., which is a data analytics firm that tracks startups, there is a mere 1, 288 new startups registered across the country in the year 2017. As compared to the year 2016, there are at least six times as many startups in the year 2017. Dubbed the silicon valley of India,…

Read More

UNEMPLOYMENT ISN’T A NON-EXISTENT PROBLEM IN 2018

Is unemployment a non-existent problem in India now? Or it is a non-existent problem cooked by the opposition? According to a recent report published in the economic times, it was reported that the Indian Railways has recently received more than 1.5 crore applications in the year for only 90,000 railway jobs. These railway jobs include 63,000 jobs in the Group D, which is a category reserved for gangman. The gangman job is to work between their defined section to patrol and to find inconsistency in railway tracks like if the…

Read More

The service sector will remain the driver of India’s economic growth

India's service sector

Due to initial GST implementation and demonetization, India’s GDP growth saw a temporary dip in the last two quarters of 2016-17. The activity of India’s GDP growth has begun to stabilize since August 2017 which continues in the first quarter of 2017-18. The agriculture sector and the manufacturing sector are also expected to accelerate its results in 2018-19 and 2019-20. The policy reforms like energy subsidy reforms and stable balance of payment situation have helped India in improving the ease of doing business, ease inflows of foreign direct investment, and…

Read More

KUMARTULI’S WORK ENTHUSIASM, FLOW OF ARTISANS IN DECLINE

In 2017, more than 4000 idols of Goddess Durga were created in 450 narrowly built studios or workshops in Kolkata’s Kumartuli (archaic spelling Coomartolly). Maybe you have visited this cottage industry and have seen half-made clay idols along with the smell of wet earth emanates. Well, this piece of write-up will also help you in knowing how male and female artisans put life into the clay idols. Kumartuli artists work 10 hours in a day to manufacture beautifully finished clay idols for various festivals held in India as well as…

Read More

MORE INDIANS ARE FAVORING VEGETARIAN MEALS NOW

India, with more than 65% people who are 15-year-old or more are counted as non-vegetarians, have huge egg, fish, chicken, mutton, markets. Despite the ever-growing demand, a significant number of Indians are getting inspired by the health benefits of vegetarian diets. As per some international researchers, vegetable lovers lead healthier lives compared to the meat-eaters. STATE NON-VEGETARIAN VEGETARIAN Rajasthan 25 75 Uttar Pradesh 53 47 Bihar 92 08 Haryana 30 70 Delhi 61 39 Jammu and Kashmir 68 32 Punjab 66 34 Uttarakhand 72 28 Jharkhand 97 03 West Bengal…

Read More