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India’s Economy to Remain Fastest Growing Among G-20 Economies

Newz Quest
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India’s Economy to Remain Fastest Growing Among G-20 Economies

India’s Economy to Remain Fastest Growing Among G-20 Economies

Introduction

Moody’s recent Global Macroeconomic Outlook for 2024 paints an optimistic picture for India’s economy. The report forecasts that India will maintain its position as the fastest-growing economy among the G-20 nations. With stronger-than-expected performance in 2023, Moody’s has revised its growth estimate for 2024 to 6.8 per cent, up from the previous 6.1 per cent projection.

Strong Momentum

The Indian economy has shown robust momentum, with high-frequency indicators indicating continued strength in the March quarter of 2024. Factors such as robust goods and services tax collections, increasing auto sales, consumer optimism, and double-digit credit growth point towards resilient urban consumption demand. Additionally, expanding manufacturing and services PMIs further bolster evidence of solid economic momentum.

Fiscal Policy

This year’s interim budget targets a significant capital expenditure allocation of Rs 11.1 lakh crore, equivalent to 3.4 per cent of GDP for the fiscal year 2024-25. This allocation represents a substantial increase of 16.9 per cent over the estimates for 2023-24. Moody’s expects policy continuity post-general elections, with a continued focus on infrastructure development.

Private Sector Outlook

While private industrial capital spending has been sluggish, Moody’s anticipates an uptick due to ongoing supply chain diversification benefits and the government’s Production Linked Incentive scheme aimed at boosting key manufacturing industries.

Implications of Elections

The year 2024 marks an election year for several G-20 countries, including India. Moody’s emphasizes that the outcomes of these elections can have far-reaching implications beyond borders. Newly elected leaders will shape domestic and foreign policies for the next several years, influencing businesses’ decisions regarding supply chains and capital sources. Geopolitical realities are expected to impact international trade flows, capital movements, migration trends, and the functioning of international organizations. Domestically, industrial and trade policies are increasingly intertwined with foreign policy considerations.

Read more : India’s Q3 GDP Skyrockets to 8.4%, Surpassing Expectations: Official Figures

In summary, Moody’s optimistic outlook for India’s economy underscores the country’s resilience and potential for sustained growth amid evolving geopolitical and economic dynamics.

@newzquest

India’s Q3 GDP Skyrockets to 8.4%, Surpassing Expectations: Official Figures

Phalguni
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India’s Q3 GDP Skyrockets to 8.4%, Surpassing Expectations: Official Figures

India’s economy has witnessed a remarkable resurgence in the third quarter of the fiscal year, with the GDP growth rate soaring to 8.4%. This exceptional performance has not only outstripped earlier forecasts but also underscores the resilience and potential of the Indian economy.

India's Q3 GDP data for the October-December 2023 quarter reveals a significant surge, with GDP growing by 8.4% year-on-year, compared to 4.3% recorded the previous year. This outstrips analyst expectations, who had anticipated a slower growth rate of between 6% and 7%. The economy's robust performance follows a 7.6% growth in the preceding July-September 2023 quarter. The government also anticipates a 7.6% GDP growth rate for the entire fiscal year FY24, according to an official statement.The latest figures released by the National Statistical Office (NSO) indicate that India's gross value added (GVA), which represents GDP minus net product taxes and reflects supply-side growth, expanded by 9.8% year-on-year during October-December 2023.In summary, India's Q3 GDP growth has exceeded expectations, indicating a robust economic recovery and raising optimism for sustained growth in the coming quarters.

The latest figures, as revealed by official data, come as a welcome surprise to economists and policymakers alike. Amidst the backdrop of global economic uncertainties, India’s robust growth trajectory in Q3 serves as a beacon of hope and optimism.

Several factors have contributed to this impressive economic rebound. One significant driver has been the revival in consumer demand, fueled by festive season spending and improved consumer sentiment. Additionally, government stimulus measures and structural reforms have played a pivotal role in bolstering economic activity across various sectors.

The manufacturing sector, a crucial pillar of India’s economy, has demonstrated notable resilience, registering substantial growth during the quarter. Industrial production has picked up momentum, buoyed by increased domestic consumption and a rebound in exports.

Furthermore, the services sector, which encompasses a wide array of industries including finance, IT, and healthcare, has shown remarkable dynamism. Despite ongoing challenges posed by the pandemic, the services segment has exhibited resilience and adaptability, contributing significantly to overall economic growth.

India’s agricultural sector, often considered the backbone of the economy, has also performed commendably. Favorable monsoon rains and government initiatives to support farmers have led to robust agricultural output, providing a much-needed boost to rural incomes and overall economic stability.

The positive momentum in India’s GDP growth underscores the effectiveness of policy interventions and the resilience of the Indian economy in navigating through challenging times. However, it also highlights the imperative of sustaining this momentum and addressing lingering structural bottlenecks to ensure inclusive and sustainable growth.

Looking ahead, while the resurgence in economic activity is indeed promising, it is essential to remain vigilant and proactive in addressing emerging challenges. The threat of inflationary pressures, global supply chain disruptions, and the evolving geopolitical landscape necessitate a calibrated and forward-looking approach to economic management.

Moreover, efforts to accelerate structural reforms, enhance productivity, and foster innovation will be crucial in unlocking India’s full growth potential and positioning the economy on a sustainable high-growth trajectory.

In conclusion, India’s Q3 GDP growth of 8.4%, surpassing all expectations, marks a significant milestone in the country’s economic recovery journey. As India continues to chart its course towards becoming a global economic powerhouse, harnessing the inherent strengths and embracing a spirit of resilience and innovation will be paramount in shaping a prosperous future for all. @phalguni for NewzQuest

Creating Sustainable Employee Transportation: Where to Start

Newz Quest
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Creating Sustainable Employee Transportation: Where to Start

Creating sustainable employee transportation is a commendable initiative that can have numerous benefits for both the environment and your workforce. Here are some steps to help you get started:

  1. Assess Current Transportation Methods: Begin by understanding how your employees currently commute to work. This can involve surveys or data collection on modes of transportation used, distances traveled, and any existing infrastructure or incentives in place.
  2. Set Goals and Objectives: Determine what you hope to achieve with sustainable transportation initiatives. This could include reducing carbon emissions, easing traffic congestion, promoting employee health and well-being, or cutting costs.
  3. Develop a Transportation Policy: Create a clear and comprehensive policy outlining your organization’s commitment to sustainable transportation. Include guidelines for preferred modes of transportation, incentives for choosing sustainable options, and any support or resources available to employees.
  4. Provide Infrastructure and Amenities: Make it easier for employees to choose sustainable transportation options by providing amenities such as bike racks, showers, changing rooms, and secure storage for bicycles or electric scooters. Consider also investing in electric vehicle charging stations for employees who drive electric cars.
  5. Promote Alternative Modes of Transportation: Encourage employees to explore alternative modes of transportation such as biking, walking, carpooling, vanpooling, public transit, or telecommuting. Offer incentives such as subsidies for public transportation passes, rewards for carpooling, or flexible work schedules to accommodate telecommuting.
  6. Educate and Raise Awareness: Provide information and educational resources to employees about the benefits of sustainable transportation and how they can participate. This could include workshops, seminars, or informational campaigns highlighting the environmental, health, and cost-saving advantages of alternative transportation options.
  7. Monitor and Evaluate Progress: Continuously monitor the effectiveness of your sustainable transportation initiatives. Track metrics such as mode share, carbon emissions, cost savings, employee satisfaction, and any challenges or barriers encountered. Use this data to refine your strategies and make adjustments as needed.
  8. Celebrate Successes and Recognize Achievements: Acknowledge and celebrate milestones and achievements in promoting sustainable transportation within your organization. Recognize and reward employees who actively participate and contribute to the success of the initiative.

By following these steps and demonstrating a strong commitment to sustainability, you can create a more environmentally friendly and employee-friendly transportation system within your organization.

Implementing sustainable employee transportation initiatives comes with both benefits and challenges. Here’s a breakdown of some roadblocks and benefits:

Roadblocks:

  1. Resistance to Change: Employees may resist switching from their current modes of transportation, especially if they are accustomed to driving alone to work. Overcoming this resistance requires effective communication, education, and incentives.
  2. Infrastructure Limitations: In some cases, the lack of infrastructure for alternative transportation modes, such as bike lanes or public transit options, can hinder the adoption of sustainable transportation methods.
  3. Cost Considerations: Investing in infrastructure, incentives, and amenities for sustainable transportation can require financial resources upfront. Organizations may face budget constraints or difficulty in justifying these expenses to stakeholders.
  4. Logistical Challenges: Coordinating alternative transportation options like carpooling or vanpooling can present logistical challenges, especially for organizations with dispersed or remote work locations.
  5. Limited Accessibility: Employees may face challenges accessing sustainable transportation options, particularly in areas with limited public transit coverage or inadequate pedestrian and bike infrastructure.

Benefits:

  1. Environmental Impact: Implementing sustainable transportation initiatives can significantly reduce carbon emissions and air pollution, contributing to environmental sustainability and mitigating climate change.
  2. Cost Savings: Encouraging alternative transportation methods can lead to cost savings for both employees and employers. Reduced fuel expenses, maintenance costs, and parking fees can translate into significant financial benefits.
  3. Improved Employee Health and Well-being: Active transportation modes such as walking and biking promote physical activity and can contribute to improved employee health and well-being. Additionally, reducing reliance on cars can lower stress levels associated with commuting.
  4. Enhanced Corporate Image: Demonstrating a commitment to sustainability through employee transportation initiatives can enhance your organization’s reputation and attractiveness to environmentally conscious customers, investors, and job seekers.
  5. Reduced Traffic Congestion: By promoting alternative transportation options and reducing single-occupancy vehicle trips, organizations can help alleviate traffic congestion, leading to smoother traffic flow and shorter commute times for all road users.
  6. Employee Satisfaction and Engagement: Providing sustainable transportation options and incentives demonstrates care for employees’ needs and preferences, leading to increased job satisfaction, morale, and overall engagement.
  7. Compliance with Regulations: Implementing sustainable transportation initiatives can help organizations comply with government regulations and meet sustainability targets set by local authorities or industry standards.

Conclusion : Despite the challenges, the numerous benefits of sustainable employee transportation make it a worthwhile endeavor for organizations committed to environmental stewardship, cost savings, and employee well-being.

Chandra Shekhar Azad #चंद्रशेखर_आज़ाद

Parashar
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Chandra Shekhar Azad #चंद्रशेखर_आज़ाद

मलते रह गए हाथ शिकारी, उड़ गया पंछी तोड़ पिटारी, अंतिम गोली ख़ुद को मारी, जियो तिवारी,जनेऊधारी #चंद्रशेखर_आज़ाद

चन्द्रशेखर आज़ाद को कौन नहीं जानता, वे किसी परिचय के मोहताज नहीं है लेकिन उनके जीवन के बारे में जानना अपने आप में रोचक तथा ज्ञानवर्धक जानकारी है| चन्द्रशेखर आज़ाद का जन्म 23 जुलाई 1906 को मध्य प्रदेश के झाबुआ जिले के भाबरा में हुआ था जबकि उनकी मृत्यु 27 फरवरी 1931 को इलाहबाद के अल्फ्रेड पार्क में हुई थी| 

Chandra Shekhar Sitaram Tiwari  23 July 1906 – 27 February 1931), popularly known as Chandra Shekhar Azad, was an Indian revolutionary who reorganised the Hindustan Republican Association (HRA) under its new name of Hindustan Socialist Republican Association (HSRA) after the death of its founder, Ram Prasad Bismil, and three other prominent party leaders, Roshan Singh, Rajendra Nath Lahiri and Ashfaqulla Khan. He hailed from Bardarka village in Unnao district of United Provinces and his parents were Sitaram Tiwari and Jagrani Devi. He often used the pseudonym “Balraj” while signing pamphlets issued as the commander-in-chief of the HSRA

Chandrashekhar Azad was born on 23 July 1906 in Bhabra in Jhabua district of Madhya Pradesh while he died on 27 February 1931 in Alfred Park, Allahabad, which is now known as Chandrashekhar Azad Park. His childhood name was Chandrashekhar Sitaram Tiwari. He is known throughout the world for his fearless style and his steadfastness in his vow to never be captured alive by the British. Let us study 9 unknown and interesting facts about Chandrashekhar Azad through this article.

9 unknown and interesting facts related to Chandrashekhar Azad

1. Chandrashekhar Azad was only 14 years old when he participated in Gandhiji’s non-cooperation movement in 1921. His intelligence can be gauged from the fact that when the British arrested him for participating in this movement, the judge asked him about his and his father’s name and in response Chandrashekhar said, “My name is I am free, my father’s name is freedom and my address is prison.” After this incident, he came to be known as Chandrashekhar Azad.

2.He was a prominent fighter of the Indian freedom struggle who inspired millions of youth of the country. He was one of the closest companions of revolutionaries like Pandit Ram Prasad Bismil and Sardar Bhagat Singh.

    3. In the year 1922, when Mahatma Gandhi suddenly announced the end of the non-cooperation movement, there was a change in his ideology. He joined revolutionary activities and became an active member of Hindustan Republican Association.

    4. By associating with this organization, he carried out the Kakori incident on 9 August 1925 under the leadership of Ram Prasad Bismil and absconded to avoid arrest. Chandrashekhar Azad had built an 8 feet deep and 4 feet wide cave in a temple near Jhansi where he used to live in the guise of a monk. It is believed that when the British came to know about his secret hideout, he managed to deceive the British by disguising himself as a woman.

    5.After the Jallianwala firing incident, Chandrashekhar Azad took archery training from the tribals of Jhabua region of Madhya Pradesh. He always kept a Mauser (automatic pistol) with him. It is also believed that Azad wanted to go to Russia and seek help from Stalin, for which he had demanded an assistance amount of Rs 1200 from Jawahar Lal Nehru.

      6.Azad wanted to destroy all his photographs because he did not want his photographs to fall into the hands of the British. He sent one of his friends to Jhansi to destroy the plate of the last photo but it could not be broken.

      7.It is well known about his last encounter that the police surrounded him in a park in Allahabad and started firing bullets at him. The encounter continued for a long time from both sides. Chandrashekhar Azad kept firing from the cover of a tree to escape from the police.

      8. Seeing that he was running out of bullets, he took the final decision. Keeping his vow never to be captured alive by the British, he shot himself with his last cartridge.

      9.He died in the park of Allahabad, that park was named Chandrashekhar Azad Park after independence. The name of the village in Madhya Pradesh where he lived was changed from Dhimarpura to Azadpura. @parashar

        Perspective : “The Savarkar” The Ideological Left Will Never Tell You About

        Newz Quest
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        Perspective : “The Savarkar” The Ideological Left Will Never Tell You About

        For certain weeks now, the BJP’s rivals have been calling upon electors to end Narendra Modi’s walk towards a third term. These BJP pundits trust that whenever got back to drive, the Modi government will rework the Constitution that India gave itself in 1947.

        Modi’s faultfinders accept that the new republic will rise post-2024, based on the underpinnings of another Constitution, molded after the purportedly “Hindu exclusivist” driving forces of the BJP’s philosophical guide VD Savarkar.

        Savarkar, the founder of the Hindu Mahasabha, is loathed by the ideological Left for birthing Hindutva – a supposedly divisive ideology that, according to them, spawned Hindu majoritarianism. (X/JM_Scindia)

        Savarkar, the pioneer behind the Hindu Mahasabha, is detested by the philosophical Left for birthing Hindutva – a probably disruptive philosophy that, as indicated by them, generated Hindu majoritarianism.

        The facts confirm that Savarkar was a shameless hero of Hindutva and a Hindu Rashtra. Yet, could his vision for Hindustan (he was unwilling to utilize the term Bharat) fix equivalent citizenship and minority insurances that Dr Ambedkar and his kindred sacred artists had woven into the twist and weft of India’s social texture?

        It would merit addressing this inquiry on VD Savarkar’s punyatithi (demise commemoration).

        As Savarkar’s biographer, Vikram Sampath composes, the ideologue’s perspectives on Hindutva were affected enormously by certain occasions in his time. Savarkar was disappointed with Mahatma Gandhi’s help for a container Islamist Khilafat development, shocked by the ruthless Moplah slaughter of Hindus in the Malabar locale and communicated developing worry over rehashed concessions conceded to the Muslim Association, including separate electorates that he trusted just debilitated the patriot development. Savarkar was especially tormented by the death of Master Shraddhanand, boss campaigner of Shuddi (development for the reconversion to Hinduism) by one Abdul Rashid, whom Mahatma Gandhi would allude to as a ‘dear sibling’.

        Expecting that these occasions would deliver fissiparous propensities among the body politic, Savarkar characterized Hindutva as “patriotism drove by social mix”. To Savarkar then, the basics of Hindutva were “a typical country (Rashtra), a typical race (Jati) and a typical civilisation (Sanskriti). This multitude of fundamentals could best be summarized by expressing in a word that he is a Hindu to whom Sindhustan isn’t just a Punyabhu (Sacred land).”

        As is clear, Savarkar’s Hindutva was comprehensive to the degree that it thought about Jains, Buddhists and Sikhs as Hindus, since the origination of their religion (Heavenly Land) was India. However, did it naturally reject Muslims, Christians, Jews and Parsis?

        However Savarkar saw their ‘isolated love’ as an impediment to joining, he called upon non-Hindus to turn into a piece of the ‘Hindu overlay’ by intentionally promising their ‘adoration’ to a ‘typical Mother’ and perceive India as Pitribhu (homeland) yet in addition as Punyabhu (Sacred land). He refered to the instances of Sister Nivedita and Annie Besant, who had committed themselves to the reason for India’s opportunity, as instances of those whose Christian birth didn’t exclude them from being viewed as Hindus.

        However, did Savarkar’s apparently exclusionary thought of nationhood impact his vision of what the Indian state should be? Not exactly.

        Essentially there’s no indication of it in the draft constitution drawn up by the Hindu Mahasabha. The report acquired vigorously from the thoughts of Savarkar who established the association.

        The Constitution of the Hindusthan Free State (HFS) dependable the essential right to balance and free articulation. It ensured the option to engender and rehearse one’s religion under a popularity based government chose by general grown-up establishment. In any case, beyond anyone’s expectations, this constitution completely precluded any state religion for the Hindusthan Free State or any of its areas. As such, by surmising, it was mainstream in its viewpoint.

        Considering that this constitution was drawn up by an association established by Savarkar and avowedly dedicated to Hindutva, it puts paid to the Left’s cases that had he had his direction, India would have been a “Hindu Pakistan”.

        However nothing can be conclusively said about the future, a Savarkarite constitution positively relieves fears that the BJP would be normally disposed towards drafting one that would leave the way to republicanism and secularism. From :aditya @newzquest

        Views expressed in the above piece are personal and solely that of the author. They do not necessarily reflect Newz Quest’s views..

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