EconomicAnalysis

Overview of the Textile Industry: Trends, Challenges | UPSC

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Introduction Union Minister for Textiles, Giriraj Singh, recently announced that India’s textile and apparel sector is targeting $350 billion in annual business by 2030, which could create 3.5 crore jobs.  However, the industry has faced challenges over the last two financial years, raising concerns about achieving a 10% compound annual growth rate (CAGR). India’s textile […]

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India Economic Survey 2024: Growth, Inflation Control | UPSC

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Introduction Finance Minister Nirmala Sitharaman presented the India Economic Survey in Parliament, offering a detailed analysis of India’s economic performance and providing recommendations for future policies. The India Economic Survey is an annual document presented by the Government of India’s Ministry of Finance.  It is typically released a day before the Union Budget.  It provides

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Wholesale Price Index (WPI) Vs Consumer Price Index (CPI): Composition, Methodology, and Uses

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Introduction: The government is considering changing the base year for key economic indices to FY23 and revamping several datasets to better reflect structural changes in the economy. Currently, measures such as the Index of Industrial Production (IIP), Wholesale Price Index (WPI), and National Income are benchmarked to FY12, with the previous base year being FY05.

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