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Economic & Finance

The Sri Lankan crisis proves beneficial for Indian exporters

The ongoing Sri Lankan economic crisis coupled with a $51 billion debt default has proven beneficial for Indian exporters.  While the Sri Lankan crisis opens doors for Indian tea and textile exporters, India may face challenges filling global supply gaps.  Furthermore, the pandemic severely hindered what has been Sri Lanka’s long-standing strength – tea and

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Economic & Finance

Inflation impact on the salaried class, economy, and investors

​​In March 2022, retail inflation soared to 6.95%.  The Consumer Price Index is way above the RBI’s inflation target of 4% (+-2%).  However, Mint analyses the inflation impact on the salaried class, economy, and investors.  Inflation numbers in 2022 Compared to a 6.07% inflation in February 2022, it soared to 6.95% in March 2022.  The

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Economic & Finance

Three reasons the economy could slow down unexpectedly

The 2020 recession generated the highest inflation since the 1970s.  However, the 2020 recession was the shortest.  Furthermore, the recovery was the fastest since the 19080s.  As the economy reopens amid disruptions caused by the pandemic, the next phase of the economy could slow down unexpectedly.  What are the three reasons that could slow down

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Economic & Finance

India’s growth to remain highest among leading economies, FDI Inflow to touch US $ 100 billion in 2022-23

India’s growth trajectory will remain highest among the leading economies in 2022-23 supported by various dynamic reforms undertaken by the government during the last two years,  said Mr. Pradeep Multani, President, PHD Chamber of Commerce and Industry in a press statement issued here today. India is expected to attract a US $ 100 billion FDI

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Energy & Environment

UN announces Mumbai as 2021 Tree City of the world

The United Nations recognized Mumbai as the ‘2021 Tree City of the World.’ The UN and The Food and Agriculture Organization of the UN jointly recognized Mumbai as the Tree City.  Moreover, Mumbai is now one of the leading globals networks in urban and community forestry.  BMC officials said Mumbai received recognition for its “commitment

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World Affairs

What does the downsizing of the Indian army entail?

While the hiring process halted for two years due to the pandemic, a downsizing of the Indian army would lead to severe joblessness.  However, analysts believe that PM Modi’s government may seek other methods to downsize the Indian army.  Furthermore, after the US and China, India is the world’s third-largest military spender. India is also

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Economic & Finance

Why Bangladesh won’t fall into a crisis like Sri Lanka, Pakistan?

The South Asian Island nation, Sri Lanka is facing the challenge of the worst economic recession in history. Sri Lanka’s economy has collapsed. The facilities of the citizens are also being closed. Sri Lanka is going through a difficult time in the midst of political and administrative crises. The collapse of the tourism industry, the

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Economic & Finance

India finds ways to help Sri Lanka amidst geopolitical crisis

The two ways India can help Sri Lanka are through plantation and tourism: Sri Lanka’s primary source of income.  However, the Indian economy is a target of the rising Russia-Ukraine crisis, the removal of PM Imran Khan, and border troubles with China.  Furthermore, the demonetization in 2016 slowed down India’s economic growth.  Nevertheless, while solutions

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Economic & Finance

SL President Rajapaksa revokes state of emergency

On late Tuesday night, Sri Lankan President Rajapaksa revoked the state of emergency.  The announcement was made via gazette notification no 2274/10.  Sri Lankan President Rajapaksa announced a state of emergency on April 1 to curb mass-scale protests.  The protests are in light of Sri Lanka’s current economic and political distress. Furthermore, the UN human

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World Affairs

India offers $1 billion credit line to Sri Lanka

India offered a $1 billion credit line to Sri Lanka due to the rising economic crisis.  Furthermore, in mid-2021, Sri Lanka also received $200 million as aid from Bangladesh.  The introduction of organic farming, economic mismanagement, and many factors conclude the Sri Lankan crisis. A series of bomb blasts in April 2019 severely crippled Sri

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