Global economy is on the path of slowdown due to various factors – global trade wars, rising trade barriers, nationalistic approach to protect employment, slow industries and economic growth. This issue of BE has covered the current trends of global economy.

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Horticulture sector contributes 54% of agricultural exports and 28% of Agro-GDP in India. This sector has grown at the growth rate of 3.6%. India is the second largest producer of fruits and vegetables in the world next only to China. BE has covered the horticulture sector in this issue.

The steel sector in India has witnessed both a period of recession and boom. During good times from 2004 to 2010, it had large capacity enhancement from 28.5 million tonne to more than 100 million tonne by 2010. It was around 137.98 million tonne in 2018-19. BE has covered the steel industry in India in its current edition.

Handicraft exports from India increased by 1.7% year-on-year during April-November 2018 to USD 2.42 billion. The handloom and handicraft industry is one of the largest unorganized sectors of economic activity in India providing employment to 43.31 lakh weavers from rural and semi-urban areas. For this issue BE has covered the potential of the Indian handicrafts sector.

 

The 12th edition of the World Confluence of Humanity, Power & Spirituality was graced by a galaxy of politicians, religious heads, philosophers, enlightened persons, eminent writers, scholars and entrepreneurs. The youth had comprised a large segment of the audience. BE has covered the 12th edition of the World Confluence of Humanity, Power & Spirituality in this issue.

The cover story of BE for the current issue is on the Universal Religion of Humanism. Humanity is the essence of all religions. Service to Humanity is worship of God. Harmony, peace, love, co-operation and co-existence are the essence of eternal laws. Unity in diversity is the manifestation of the Creator. 

Real estate sector in India is expected to reach USD 1 trillion by 2030. By 2025, it will contribute to 13% of the country’s GDP. The sector is the second largest employer of educated, skilled, semi-skilled and unskilled, after agriculture. This edition of BE has covered the current scenario of the real estate sector in India.

India’s insurance sector is the 15th largest in the world in terms of premium volumes. Owing to rising awareness and increasing population, innovative products and a proliferation of distribution channels, the industry is expected to reach newer heights by 2020. BE has covered the insurance sector in India in this edition.

During Dhanteras the jewellery market, the white good market and the utensil market experience a boom in India. This issue of BE has covered the growth rate of the markets and the expected recovery of Indian consumer expenses.

According to the Economic Survey 2018-19, India 's demographic dividend will peak at 2041, when the working age segment of 20-59 years is expected to hit 59%. There is a mounting concern that the future for working people would turn out to be jobless due to low investments, deglobalisation, technological progress and global trade wars. BE has covered the rolling issue in this edition. 

Tourism contributes close to 10% of the GDP in India. It is the third largest foreign exchange earner for the Nation. Foreign tourists increased 5.2% year-on-year to 10.56 million in 2018. But there is a booming market for domestic tourism. It has great employment potential as well. BE has covered the tourism sector in the current issue.

India requires investment worth Rs. 50 trillion in infrastructure by 2022 for inclusive and sustainable development. Infrastructure and construction have the second largest share in FDI inflows. Due to several factors, investment is negligible. Overall there are large numbers of stalled projects covering roads, real estate, social projects, healthcare, education, and what not. BE has covered the overall infrastructure sector’s growth in India.

India has been developing infrastructures and logistics for movement of goods and services from rural agricultural India and manufacturing sector to the consumers and for exports and imports of raw materials. According to the global ranking of the World Bank’s 2018 logistics performance Index, India slipped to 42nd position from 35th in 2017. BE has covered the logistics sector in India in this edition.

The central Government is on a drive to ensure Digital India. Mobile apps are being used for services like calling plumber, taxis, carpenter, using entertainment, using spiritual messages and scriptures, inspiring stories, skill development, health and success tips, advertising and so on. India’s app economy is growing very fast. BE has covered the growth of app-based business in India in this issue.

The budget has emotionally charged the Bharatwasis who believe it would boost growth, employment, investment, exports, MSMEs, farmers’ income, infrastructure, social infrastructure, and bring more money into the hands of lower middle class by allowing larger tax relief on housing and tax relief to medium turnover companies. BE has analysed the present scenario of the banking sector in India with a special focus on Budget in this issue.

Health sector has great potential for growth and employment - both unskilled to highly skilled. It is expected to witness a growth of USD 220 billion and a workforce of 7.4 million by 2022. Due to poverty, lack of nutritious food, modern living habits, ageing, pollution, healthcare requirements have been increasing.

Modi may have won the 2019 general election bypassing the economic issues at large but now, arresting an economic slowdown and nursing back the country’s financial sector are among the crucial challenges before the nation. Indian economy has slowed down to its lowest in five years in the last fiscal and was estimated at 6.8% after a downward revision from government’s estimates of 7% last February. Economic slowdown, high unemployment rate, and agrarian crisis were not highlighted in election manifesto of the NDA. But they need to be taken seriously now. Exports are seen as a weak link in India’s economic growth story. The new government has to renew its focus on this sector and has to address the concerns of Indian export industry. Exports further need to focus on new products like food commodity and break free from traditional items so that growth is more resilient and sustainable. This will cushion our exports from global volatility and shocks in the long run.

Bharat has to set up global standard education institutes. Universities / Colleges / Schools prefer to admit students based on their marks and not overall achievements and talents. Bharat has wealth of knowledge and scriptures full of intricacy of life, science, astronomy, arts, science of management, sovereign rules, economic laws and policy and so on. BE has covered how holistic education can improve India both technically and intellectually.

About 58% of India’s population get primary source of livelihood from agriculture. It contributes a mere 17% to the nation’s gross domestic product (GDP). Farmer’s woes need to be mitigated by management of water, floods, droughts, new technology, availability of better prices, input, better storage facilities, better logistics, and procurement at support prices. BE has covered agricultural inputs in India in this issue.

Climate change resulting from global warming is a global challenge. Planet is warming up at a faster pace than desired. Industrial revolution was the turning point for climate change. The world has pledged to work to limit the rise to 2 degree centigrade, a step that will require a radical reduction in the use of natural resources and to change of life patterns. BE has covered climate change, its consequences and how to combat it in this issue.

The tea industry that earns foreign exchange for the country, employ a huge workforce and cater to the morning needs of billions is, however, facing serious sustainability challenges.

The Indian economy grew by a mere 5.4% per annum on average, taking the base year as 2004-2005 as per old series, but 6.7% as per the new series. The US-based Fitch rating agency lowered its projection of GDP growth rate for 2020 from 7% to 6.8% and 7.1% for FY 2021. Over half a decade, economic growth has been led by consumption demand, surge in retail credit and higher revenue expenditure by government. But the growth rate of employment is not increasing in a similar pace, leaving a large number of people jobless in India. Job loss is also another important factor.

The Indian services sector, which is the fastest growing sector, contributes about two-thirds to the Indian economy. It accounts for 28% of employment. Information Technology, professional services, telecom, healthcare, education, hospitality, transport, housing and retail are the largest contributors. BE has covered the growth of service sectors in India in this issue.

Enlightenment is a journey within through service. Enlightened sants, rishis and individuals have realised if someone can discover own-self then she or he can discover God. BE covers the 11th World Confluence of Humanity, Power and Spirituality organised by Kanoria Foundation, SREI Foundation and Universal Spirituality and Humanity Foundation which spreads peace, love and harmony among everyone.

Interim Budget 2019-20 has shaped up as a comprehensive Budget with an eye on the upcoming General Election. There was not much in the Budget towards boosting investments by the private sector. Corporate sector, especially the bigger players, did not get any benefit. Corporate sector has to pay heavy tax. Tax on dividend and taxing again in the hands of the recipient of dividend, do not leave much with the entrepreneurs and corporates for reinvestment and for rainy days or period of slump. BE’s current issue has focused on the Interim Budget’s effects on the Indian economy.

India is now the world’s second largest steel producer after China. It was the third largest steel producer in 2017. Steel production was 101.4 million tonnes in 2017 compared to 95.5 million tonnes in 2016. BE has covered how the steel market is booming in a constant pace reflecting the industrial and infrastructural growth in the country.

In the latest World Economic Review, the IMF said that India will grow 7.3% in FY 2019. World Bank’s growth projection for India is a notch lower than the RBI’s 7.4% but slightly higher than CSO’s 7.2%. The government has to take practical measures so that the poor also benefit from the growth. In this issue, BE has focused how India is moving towards betterment regarding economic growth; leaving the last year’s failure behind.

The purpose of marriage is continuity of creation in the social order with lineage of individuality and personality. Marriage is essentiality of the law of creation to satisfy the natural physical instincts and to avoid disorder in society. Marriage is a divine union of two spirits.

The Cover story of BE is the Religion of Humanism. To this mission and vision, Business Economics along with SREI Foundation, Kanoria foundation, Universal Spiritual and Humanity Foundation will organise World Conference and Humanity Power and Spirituality. To manifest Spirituality within people’s minds, BE has covered the stories of Humanism.

The ensuing trade war between the United States of America (USA) and China has its origin in the present nature of the global economy.  The ongoing trade hostilities between the USA and China have serious implications for the Indian economy. India is now trying to tackle its current account deficit (CAD) and America's increased import duty on steel and steel products which affected India's engineering exports and could also increase CAD in India.

February 16 - 29, 2020

February 1-15, 2020

January 16-31, 2020

January 1-15, 2020

December 16-31, 2019

December 1-15, 2019

November 16-30, 2019

November 1-15, 2019

October 16-31, 2019

October 1-15, 2019

September 16-31, 2019

September 1-15, 2019

August 16-31, 2019

August 1-15, 2019

July 16-31, 2019

July 1-15, 2019

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

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BUSINESS ECONOMICS - December 1-15, 2019

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