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Easing inflation will indeed give boost to economic growth.

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CPI clocked to 3.34% in March after 6.1% in February, even below the consensus estimate of 3.46%. This was the lowest inflation recorded since August 2019. Wholesale inflation also fell to a six-month low at 2.05% in March. This was the lowest for retail inflation indeed. Can this be a time when the government, together with fiscal policy, and the central bank with the monetary policy, hit the sweet spot? The headline GDP growth rate was at 6.3%, which is amongst the highest among the leading nations. Real GDP growth also clocked at 9.7%. RBI is taking many proactive steps to boost growth at this time. A part of the discussion is that the RBI has already cut repo rates by 25 bps, and there are skeptics hovering around that the RBI may further reduce the rate by 50 bps each in the months of June and August. This move by the RBI not only depicts clear mindsets but also the potential leverage they are trying to apply during this time of global turbulence in the geoeconomy. Easing in the ...
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Empirical study on Human Development Index of Indian States & UTs: Data and Calculation

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Human Development Index Analysis of Indian States and Union Territories The Human Development Index (HDI) is a composite measure that assesses the development level of regions based on three key dimensions: health, education, and standard of living. This analysis presents the calculation of HDI for all Indian states and union territories using the latest available data on life expectancy, education metrics, and per capita income. The results reveal significant disparities across regions, with Delhi, Kerala, and Himachal Pradesh emerging as top performers while states like Bihar, Chhattisgarh, and Uttar Pradesh require focused development efforts. Methodology for HDI Calculation The HDI calculation follows the United Nations Development Programme (UNDP) methodology, which transforms indicators in different units into indices between 0 and 1 through normalization and then combines them using a geometric mean. Health Dimension The health dimension is measured by life expectancy at bi...
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Navigating India’s Debt Sustainability Amid Growth Headwinds

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  Aviral Akshat 1 , Chellsea Lauhka 1 , Poulami Sarkar 1 aviralakshat.iitd@gmail.com, chellsea.lauhka31@gmail.com, poulamisarkar343@gmail.com 1 Indian Institute of Technology, Delhi As India enters the mid-2020s, its fiscal outlook is drawing increased scrutiny. Public spending surged in the aftermath of the global pandemic, pushing up both central and general government debt-to-GDP ratios. These trends have sparked concern in policy circles and among international observers. The International Monetary Fund (IMF) has warned that under adverse conditions, general government debt could be near 100% of GDP by FY2027–28 —particularly if climate-related investments rise without matching revenue efforts. Meanwhile, provisional GDP estimates for FY2024–25 show a slowdown to 6.5%, the weakest growth since the pandemic year of 2020–21. This mix of softening growth and elevated debt highlights the challenge of maintaining fiscal discipline while ensuring sustained public investment—both ess...
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