Reading Time: 7 mins The Service sector which has been the largest and fastest growing sector of India in the past three decades has been worst hit by the pandemic and pandemic induced Lockdown of boundaries. But according to recent Purchasing Manager’s Index (PMI), it is showing signs of recovery due to opening up of the economy and phased unlock program. It had been contracting for seven months in a row after registering a seven year high in January 2020. Though the PMI for services sector is still under 50 which is sign of contraction, it has increased significantly.
Reading Time: 10 mins The Indian handloom industry is one of the oldest and largest cottage industries in India with a standing ancient tradition dating back thousands of years for their excellent craftsmanship, representing the vibrant Indian culture. Indian artisans dating back to the Egyptian Babylonian times had such fine mastery over their fabrics. They were appreciated globally for their hand spinning, weaving and printing techniques that were handed down from generations. Among the largest in the world, this industry employs close to 10 million artisans in India and is considered the second-largest income-generating activity after agriculture in rural India. The crisis caused by COVID-19 has resulted in a sudden disruption of all businesses across the globe including the handloom sector. The sector has severely affected by the closure of the traditional and contemporary market for artisans. Recently, India has celebrated the National Handloom Day and it was on August 7, 2020, for the first time India does so without the All India Handloom Board. The Union Ministry of Textile has abolished the All India Handloom Board in consonance with the Government of India’s vision of ‘Minimum Government and Maximum Governance’ on August 3, 2020.
Reading Time: 7 mins The Economic Survey of 2019-20 argued for the need to eliminate crony capitalism in order to ensure public welfare. It suggested the promotion of pro-business policies that does not let companies and businesses form monopolies and survive even in the absence of efficiency and growth. The elimination of cronyism with strong political will is vital now more than ever as there is a high possibility of large businesses making use of their economic muscles to influence political decisions amid the coronavirus-led economic crisis.
Reading Time: 6 mins As the government of India grapples with the fiscal deficit issues in the wake of slowdown in the economy, there is a rising churn about the fiscal management of government. As the fiscal strategy is one of the functions of budgetary process, it is important to understand some of the key models in budgetary effectivity. The Outcome based budgeting is on such model of budgeting which strives to bring result-based decision making.
Reading Time: 13 mins Historically, agriculture has undergone a series of revolutions that have driven efficiency, yield and profitability to levels that were previously unreachable. The market estimates suggest that the next decade would witness a “digital agricultural revolution” that would help meet the needs of the agricultural sector. With the majority of the Indian population employed under the sector, efforts need to be put forth in addressing barriers that are currently hindering the adoption of digital technologies within this sector.
Reading Time: 7 mins The Corona pandemic since it hit the world has been successful not only in exposing the sorry state of health systems around the world but also able to put some hard questions to policymakers about issues of polity, society, and economy. India’s case has been no different than the others. In India, the pandemic and its impact has been most starkly visible in the long march of migrants to their native states for the lack of livelihood opportunities in the migrated cities and states. As this is the response of migrants, the host states are grappling with economic issues of slowdown and unemployment. And once again, many states have sought to answer those questions with old strategies, one of which is nativism
Reading Time: 8 mins With the threat of climate change and the subsequent impact of it on the monsoon patterns and agricultural output, all stakeholders must mitigate food waste by employing new practices at multiple levels. At a time when it was reported that migrants died due to hunger and starvation during the lockdown period in April and May 2020, The data revealed recently highlights that over 1,550 tonnes of food grains got damaged in Food Corporation of India (FCI) warehouses.
Reading Time: 13 mins With a population of close to 1.4 billion and a fast-growing economy with enormous potential to grow, India’s energy mix in future years will be critical for the climate action targets of the world and India itself. India is already the third-largest energy-consuming economy after China and the United States. In this backdrop, India’s solar energy targets are discussed widely for its ambitious targets, the strategy to achieve it, and the gap between current status and required efforts. The debate came to the fore once again when the Prime Minister in recently Inaugurated a 750 MW solar project in Rewa district Madhya Pradesh.
Reading Time: 7 mins The Covid-19 pandemic has brought the spotlight on the health-promoting and disease-preventive solutions of Ayush disciplines. Recently, the operational integration of Ayush Grid, the emerging IT backbone for AYUSH Sector with the National Digital Health Mission (NDHM), was endorsed at a high-level meeting. This integration will be immensely beneficial to the public for availing varied options for their health needs. The integration will also accelerate the mainstreaming of the AYUSH disciplines of healthcare.