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BUSINESS ECONOMICS Magazine - May 1 - 31, 2025

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In this issue

Plantation crops refer to a specific group of agricultural Pragmatic policies can turn plantation sector a big contributor to GDP products which are grown on an extensive scale in a large contiguous area. The primary characteristic of these crops is that they are high-value cash crops, grown commercially for the purpose of sale rather than personal consumption. India is one of the major agricultural producers in the world with almost 55% of India’s population earning their livelihood from agriculture. The Indian plantation industry encompasses the large-scale cultivation of perennial crops such as tea, coffee, rubber, coconut and spices. These crops usually have a long gestation period and require a sizable labour force for their care, harvesting, and subsequent processing. Plantation crops play a crucial economic role, significantly contributing to the gross domestic product and export earnings.

Trumponomics and the World Economy

After assuming the U.S. presidency for a second term, one of Donald Trump’s first major actions was to impose tariffs on imported goods from a wide range of countries. Many commentators observed that such large-scale tariff impositions— and the retaliations they triggered— had not been seen since World War II. A significant number of economists, experts, and politicians criticized Trump’s decision, warning that it endangered global economic prosperity, including that of the United States itself. As a result, many observers view Trumponomics as a contradictory and risky strategy for both the U.S. and the world economy.

2 mins

Reawakening Our Humanity

A Virtue Celebrated in Words, Yet Increasingly Abandoned in Deeds

4 mins

India has made significant progress in Poverty Reduction - World Bank

A recent World Bank (WB) report, titled World Bank’s Spring 2025 Poverty and Equity Brief, highlights India’s substantial progress in reducing poverty.

2 mins

Debt, Deficit, and Decline: Punjab's economic woes continue

NITI Aayog's recent report, Macro and Fiscal Landscape of the State of Punjab, reveals a troubling economic picture. Between 2012-13 and 2021-22, Punjab's real Gross State Domestic Product (GSDP) grew at an average annual rate of just 5%, lagging behind the national average of 5.6%. More concerning, Punjab's contribution to India's nominal GDP has declined from 3.7% in 1990-91 to 2.6% in 2021-22. The report further highlights the state's worsening debt situation, with a debt-to-GSDP ratio of 47% in 2022-23—well above the median state's ratio of 32.1%. Revenue collection remains weak, with revenue receipts comprising only 13.9% of state finances.

3 mins

The IMF Reports, April 2025 an analysis/review

On April 22, 2025, the International Monetary Fund (IMF) released two major reports: the World Economic Outlook (WEO) and the Global Financial Stability Report (GFSR).

3 mins

Banking Laws and Willful Defaulters: Striking a Fair Balance

Last Month, the Indian Parliament passed the Banking Laws (Amendment) Bill, 2024, a progressive step allowing bank account holders to nominate up to four individuals.

3 mins

Rising Asymmetries in Money Market Rates Threaten Monetary Transmission

Growing asymmetries in short-term money market rates are threatening the effectiveness of monetary transmission. And this isn't the view of a skeptic—it's the Reserve Bank of India (RBI) that has flagged this concerning trend.

2 mins

RBI@90: A Legacy of Stability and Vision

Economy holds a very important role in shaping up of a country. It actually helps creating the basic social structure and physical infrastructure, of the land through integration of various sectors like agriculture, industry, service and social groups like producer, household, govemment etc. The economy, in a way, shows up the overall financial condition and denotes the country itself as an economic unit.

5 mins

Major Plantation Sub-Sectors and Employment Challenges

TEA : The Indian tea industry directly employs over 1 million people and indirectly supports around 10 million individuals, making it the second-largest producer after China. However, employment in this sector has been on a gradual decline since the 1950s and has now stagnated at around 1 million workers.

2 mins

TV commentary is far easier than the ball-by-ball discipline of radio,

Born in Vienna and educated in Darjeeling and Kolkata, Ashis Ray is an award-winning broadcaster and print journalist who began his career as a Test match commentator at the age of just 24. He was part of the BBC team that covered several Cricket World Cups from 1979 onwards, including the 1983 tournament where India secured a historic victory. He is also the longest-serving Indian foreign correspondent, having held the role continuously since 1977. Ray regularly analyses international affairs on the BBC and was CNN's founding South Asia bureau chief before becoming its editor-at-large. He has also served as a correspondent and presenter for ITN. Additionally, he has contributed to the Ananda Bazar Group, The Times of India, The Tribune, The Hindu, Hindustan Times, The Guardian, The Observer, The Times, Financial Times, and Nikkei Asia, among others. His books include Cricket World Cup: The Indian Challenge, Laid to Rest: The Controversy Over Subhas Chandra Bose's Death, and his latest work from Oxford on India’s freedom movement, The Trial That Shook Britain, now published by Routledge. He has also served a record number of terms as president of the Indian Journalists' Association (Europe).

5 mins

Vithalbhai Patel: A Forgotten Great Indian

He was the first Indian to hold the post of the President/Speaker of the Central Legislative Assembly. He was elected by a majority of the members of the House in 1925. Thus, he was the first elected Sabhapati of the Central Legislative Assembly (the Lower House) formed in 1921 under the provisions of the Government of India Act 1919 with the objective of implementing the Montagu-Chelmsford Reforms.

3 mins

"There is no path to peace.Peace is the path ” - Mahatma Gandhi

Spirituality cannot directly solve tangible threats like cyber crime or physical attacks, it can indirectly contribute to a sense of personal security by fostering positive mental states like resilience, compassion and a strong moral compass, which can help individuals navigate challenging situations and potentially reduce the likelihood of engaging in risky behaviors that could lead to security threats; however, it is not a standalone solution and should be combined with practical security measures.

3 mins

Concept of Soul in the Sanatana Dharma

After understanding the four fundamental principles -the One Indivisible Whole, Universal Unity, the Eternal Law of Change and Ahimsa (non-violence) as the highest human value, the most significant concept that emerges in the Sanatana Dharma is that of the Atma - Atman (Soul), which is the most prominent theme of the Upanishads; in the Upanishads, it is the underlying fundamental reality, which is the eternal element that does not get destroyed even after death.)

4 mins

Guiding Life Through Varnashrama

From the viewpoint of ensuring a systematic, development and goal-oriented human life, there are two very important concepts in the Sanatana Dharma namely, the Varna Vyavastha and the Ashrama Vyavastha, which have remained noteworthy for a long time.

6 mins

Global after-effects of Pahalgoan massacre

It is surprising that China has condemned the terrorist attack in Kashmir in no uncertain terms and has expressed a desire to be with the world's united effort to combat terrorism. If it is not mere rhetoric, China sides with India in taking steps to root out terrorism from its source, that is Pakistan.

3 mins

Read all Stories from BUSINESS ECONOMICS

BUSINESS ECONOMICS Magazine Description:

Publisher: Business-Economics

Category: Business

Language: English

Frequency: Monthly

Business Economics, following its credo of “exclusive and comprehensive” coverage, has been one of India’s most popular business magazines. What started as a 12-page tabloid in 1995 has become a magazine with global reach and coverage.

Each issue consists of ten main sections: World, Finance, Economy, Industry, Agriculture, Environment, Technology, Health, Culture, and Enlightenment. It covers the entire gamut of economic activities in India and abroad. Thoughtful pieces on socially and politically relevant issues, health, education, culture and enlightenment are also covered to give our readers an all around perspective.

Besides having a team of highly-qualified and experienced editors and a network of correspondents spread across the country, it has a panel of eminent columnists.

Business Economics is committed to objective reporting and is not attached to any political or economic ideology