Indian Economy

WILL EL NIÑO WEAKEN INDIA’S ECONOMY?

El Niño threatens Indian agriculture, triggering inflation and rural distress. However, structural economic shifts, 60% irrigation coverage, and massive food buffer stocks mitigate overall GDP damage. Strategic war rooms and climate-resilient farming are essential for ensuring long-term food security.

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FISHERIES SECTOR IN INDIA: STATUS, BENEFITS, CHALLENGES, WAY FORWARD

India's fisheries sector drives economic growth, employment, and food security, producing 197.75 lakh tonnes annually. However, it faces severe ecological threats like marine heatwaves, overfishing, and IUU fishing, demanding robust governance, modern infrastructure, and sustainable management to ensure long-term resilience.

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CREDIT RATING AGENCIES: INDIA'S CONCERNS OVER SOVEREIGN RATINGS

Global Credit Rating Agencies assess a country's creditworthiness. India strongly criticizes the top agencies for opaque, biased methodologies that rely heavily on subjective governance indicators, ignoring India's zero default history, robust economic fundamentals, and high foreign exchange reserves.

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RBI'S DIGITAL FRAUD COMPENSATION FRAMEWORK EXPLAINED

The RBI's new Digital Fraud Compensation Framework (effective January 2027) guarantees up to ₹25,000 reimbursement for victims of small-value online scams. Mandating a 5-day reporting window, the framework utilizes a unique RBI-bank cost-sharing model to foster accountability and secure India's digital economy.

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UN MSME DAY 2026: EMPOWERING MICRO, SMALL AND MEDIUM ENTERPRISES FOR INCLUSIVE GROWTH

The UN MSME Day (June 27) highlights the vital role of small businesses in achieving SDGs. In India, MSMEs drive 31.1% of GDP and 48.5% of exports. Recent initiatives like the ₹10,000 crore SME Growth Fund, TReDS, and Udyam formalization aim to bridge credit gaps and foster AI-driven, human-centered entrepreneurship.

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INDEX OF SERVICES PRODUCTION (ISP) EXPLAINED

MoSPI is launching India’s first monthly Index of Services Production (ISP) with a 2024-25 base year to track formal services output. Using GST data and administrative records, the ISP complements the IIP to strengthen real-time economic monitoring and policymaking.

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BHARATI PROGRAMME: APEDA'S EXPORT ACCELERATION INITIATIVE FOR AGRI-FOOD EXPORTS

APEDA’s BHARATI programme successfully trained 100 startups to accelerate India's agri-food exports. The initiative integrates tech-driven solutions to overcome SPS compliance challenges, promotes high-value GI-tagged products, and aims to achieve India’s USD 50 billion agricultural export target by 2030.

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DRAFT NATIONAL FOOD SECURITY (AMENDMENT) BILL, 2026: KEY PROVISIONS, IMPLICATIONS AND THE FUTURE OF FOOD SECURITY IN INDIA

The Draft NFSA (Amendment) Bill 2026 proposes allocating 7 kg of foodgrains per person for AAY households, capped at 35 kg. This rationalizes food subsidies and addresses disparities, though large families may face nutritional gaps due to the rigid cap.

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GROWTH-WELL-BEING PARADOX: INDIA'S ECONOMIC REALITY

India boasts the world's fastest-growing major economy, yet suffers from a stark growth-well-being paradox defined by jobless growth, extreme wealth concentration, and nutritional deficits. Achieving true development demands abandoning "trickle-down" economics for human-centric, employment-led policies that measure success beyond GDP.

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PERIODIC LABOUR FORCE SURVEY (PLFS): METHODOLOGY, KEY INDICATORS AND IMPORTANCE

The Periodic Labour Force Survey (PLFS), conducted by the NSO, tracks India's employment trends. Recently revamped to provide monthly data, it measures LFPR, WPR, and Unemployment Rates using Current Weekly and Usual Status, highlighting key shifts towards formalization and female participation.

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WINDFALL TAX ON DIESEL: MEANING, RATIONALE AND IMPACT ON INDIA'S ENERGY SECTOR

A windfall tax (SAED) targets supernormal corporate profits arising from external crises. Recently hiked to ₹14/litre on diesel, India utilizes this tool to stabilize domestic fuel supplies, offset excise cuts, and curb inflation amidst the 2026 global energy crisis.

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INTERNATIONAL LABOUR CONFERENCE (ILC): STRUCTURE, FUNCTIONS AND SIGNIFICANCE

The 114th International Labour Conference focuses on regulating the platform economy, advancing gender equality, and managing AI disruptions. India showcased its Four Labour Codes, highlighting a massive expansion in social security, reduced unemployment, and surging female workforce participation.

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