In the Review, we summarise the economic and policy developments in India; monitor global developments of relevance to India; and showcase the pulse of the economy through an analysis of high-frequency indicators and the heat map. MER March 2024 Report MER March 2024 Press Release and Citations Click here for previous issues
Could a continental consensus work as Africa’s ultimate bargaining chip? In the heart of Africa’s economic crucible, a seismic shift is underway. The continent’s leaders, weary of a global public and private financial architecture that has long failed them, are now wielding their collective voice as a potent weapon. As the world grapples with crises... Read More
The IHDS Forum is a monthly update of socio-economic developments in India by the IHDS research community, based on the India Human Development Survey, jointly conducted by NCAER and the University of Maryland. While two earlier rounds of the survey were completed in 2004-05 and 2011-12, respectively, the third round has also been launched and... Read More
Investor education is crucial for enhancing financial well-being. Enhanced opportunities and increased volatility, calls for fresh financial literacy efforts, as traditional programs may no longer suffice. The curriculum needs updation to cover digital literacy, new investment risks, evolving financial structures, and governmental measures for investor protection and fraud prevention. While progress has been made in... Read More
EPFO envisions achieving global standards in social security by 2047 through strategic initiatives, transitioning from enforcement to facilitation. Digital India was launched in 2015 with a vision to transform India into a digitally empowered society. One of the many benefits of digitalisation is seen in the functioning as well as outreach of the Employees’ Provident... Read More
With environmental consciousness gaining ground, reducing carbon footprint in the sector will be vital to attract tourists. The tourism sector is expected to play an integral role in Viksit Bharat preamble. The projections indicate that this sector is poised to generate employment for 137 million people and contribute an additional $250 billion to GDP by... Read More
Amartya Sen acknowledges progress in combating 'son preference' in Haryana and UP, while emphasizing the need for innovative employer financing solutions to bridge the skills gap and empower millions of youngsters in the workforce. The skill ecosystem should be aligned with employer supply chains through three reforms to NEP-enabled degree apprentices (DAs). These reforms would... Read More
The Ministry of Fisheries signed an MoU with e-commerce company Open Network for Digital Commerce (ONDC), on February 19, 2024, to bring fishermen and consumers in one marketing platform to sell varieties of fish. Though belated, the move is required for developing the fishery sector in India. The NCAER, in a recently published report, noted... Read More
According to the GDP estimates by economic historian Angus Maddison, 1st century CE onwards India had the largest share of global GDP for 1500 years and shared the top spot with China until 1870. Today, with India becoming the world’s fifth-largest economy, it is no longer unrealistic to pose the question whether China and India can again... Read More
Bihar's economy has grown faster than the national economy, but it remains India's poorest state in terms of per-capita income. It faces challenges such as low urbanization, gender disparities, and low enrollment in higher education. Improving these areas is crucial for Bihar's prosperity and India's development goals. During the past two decades, Bihar's economy has... Read More