ECONOMICS
News
Analysis
‘IMF cuts global growth forecast for next year, warns ‘the
worst is yet to come’
International
Monetary Fund
●
●
World Economic
Outlook report
Global technical
recession
R
E
A
S
O
N
S
01
02
03
Russia Ukraine War
●
World Bank
●
●
Hike in interest rates
5%Global inflation in
2023
Slowdown in China
●
●
04
Rise in prices of
essential
commodities
Zero covid policy
Real estate crisis
Effects on India
●
●
Import export
Cost push inflation
Recommendation by IMF
INFLATION
●
MIGHTY DOLLAR
●
01
Normalcy in Central bank
balance sheets
Investors are shifting in
Foreign financial markets
instead of Indian markets
02
POLICY
●
●
Protecting vulnerable
03
citizens
Focus on reducing
consumption and boosting production
ECONOMIC
02 ●0 Capital flow measures
●2 Monetary and Fiscal
policy coordination
‘India to clock better growth next year than IMF
projections: CEA Nageswaran’
Digital INDIA
●
●
2
JAM trinity
Enabled digital payment system
Increasing white money
transaction
1
Increased Capital
Formation
●
●
●
Infrastructure
Technology
Digitalisation
Debt to GDP ratio
60% – Central
government Debt to
GDP ratio
3
4
Asset Monetization
Policy
●
●
Potential of 6 lakh
crore from FY22-25
India’s Credit rating
‘A lot to learn’ from India: IMF praises direct cash transfer
and other government schemes’
G20 Leaders summit
●
●
●
●
●
Subsidies direct to
beneficiaries
Eliminates duplication
Increases
transparency
02
People below poverty line
●
21%
INDIA– Presidency of
G20 in 2023
Expected to host 200
meetings
Next year in New delhi on
September 9 and 10
DBT
●
01
Currently
Stumbling block to
socioeconomic
growth
●
04
03
Data and analytics
●
India's GDP growth
rate is higher than
other countries
Paolo Mauro praises India, says its social welfare programmes
are a ‘Logistical Marvel’
Helped low-income people
India even with a population 130 crore
Finance Digitalization
01
●
●
●
UPI
IMPS
AePS
02
●
●
Leakage
Corruption
03
●
●
●
Vulnerable Groups
Women
Elderly
Farmers
04
●
●
●
Daily– Rs 90 lakhs
In 2022-23 – Rs 3.03 lakh crores
Net gain – 2.23 lakh crores
National Payment Corporation of India
JAM trinity
Jan Dhan Yojana ,Aadhar and Mobile number
DBT
Direct Bank Transfer
Data
●
Most transfers
LPG,MNREGA,PDS
INDIA’s growth
0.5 to 0.8%
higher than IMFs
forecast
Minimum 7%
‘India has potential to attract $475 billion through FDI in 5
years: CII-EY report
●
●
●
In 2021-22 USD 84.8 Billion
In 2022-23 USD 100 Billion
USD 475 billion by 2027
Estimates
●
●
●
●
Reforms in
Taxes
Ease of business
Infrastructure
Human resource
To grow
●
●
●
Impact of GST
Digitalisation
Transparency in Taxation
MNCs appreciated
●
By 2027– 3rd
largest economy
after US and China
Economic growth
Soumitra Bhattacharya said that, It is noted that India is stable
partner as well as an attractive investment destination
Reforms By India
WHY INDIA ?
●
●
MNC’s Demands
●
●
●
●
●
Manufacturing hub
Great consumer market
Human resource
No stable market in
China
Digital platforms
●
●
❏
❏
Power sector
reforms
Infrastructure
Investment in
Health
Education
●
●
●
●
Infrastructure
1.6%to 2.9% of GDP in 2022-23
Gati Shakti Yojana –USD 1.3
trillion in 5 years
National monetisation pipeline
DESH
Development of enterprise and
service hubs
Initiative to enhance SEZs
CONCLUSION
INDIA is still growing
Although the growth is not too great but not bad either
Digitalisation
Infrastructure
Foreign Direct
Investment
01
02
03
Praised by IMF that
is very rare
India has recently emerged as the
5th largest economy of the world
leaving behind UK with the fast
economic growth
71% of MNCs considered
India to be an attractive
investment destination for
their global expansion
THE END
BY
PRIYAL JAIN
21/BAP/214