One of the ambitious schemes is to get the country’s 500 biggest companies to provide paid internships to 10 million youth over the next five years, making them job-ready in the process. While the intent is laudable, given high youth unemployment and unemployability, the scale of the scheme could make it unviable. R. Shankar Raman, … Read more
Mumbai: The poor performance of China’s property sector since 2021 has created significant overcapacity in the country’s steel industry, leading to a collapse in global prices of the alloy, India’s Economic Survey 2023-24 tabled in parliament on Monday said. This (Chinese overcapacity and exports) is putting “significant pressure” on steel producers in India, Vietnam, Brazil, … Read more
Economic Survey 2024: The Indian economy has seen significant growth through reforms in recent years, but it faces several challenges. Four of these were listed by Chief Economic Advisor V Ananta Nageshwaran and his team in their “mini Economic Survey” ahead of the Interim Budget in January 2024. These could be addressed in the upcoming … Read more
Economic Survey and Union Budget 2024: Finance Minister Nirmala Sitharaman is set to announce the government’s Union Budget 2024 next week, on July 23. This is her sixth full Budget and comes after the NDA coalition won majority in the 2024 Lok Sabha Elections which concluded in June. Final stages of preparation for the Budget … Read more