In 1897 Swami Vivekananda said, “India would be independent after 50 years” and it will be one of the largest economy of the world after 150 years. As predicted by Swami Vivekananda, India became independent in 1947, just after 50 years. India is on the path of emerging as one of the largest economy. It is hoped that by 2047; it will be the largest economy of the world as predicted by Swamiji.
PM Modiji, said that India is growing fast to emerge as one of the largest economy of the world.

As usual wealth creators, job creators and protectors have hailed the Budget of 2022 presented by honourable Finance Minister Nirmala Sitharaman. However, middle class and farmers are not happy.
Prime Minister Narendra Modi said that the Union Budget is people friendly; progressive, full of opportunities and infrastructure, investment, growth and jobs. It also ensures a bright future for the youth and aims to provide the economically weaker segments of the society with pucca houses, toilets, tap water and gas connection. MSME sectors will be greatly benefitted by the reservation of 68% of the defence capital budget for the domestic industry. `7.5 trillion worth of public investment will give new push to the economy.

Hunger has always been thereto mitigate hunger there is a need to have employment growth along with economic growth. Even if economic growth is slowed down, employment should not be affected. For creating employment investment in rural housing, floriculture, pisciculture, apiculture, etc. should be done.
The current issue of Business Economics focuses on the increase of hungry stomachs amidst growing global economy.

The urgency to tackle the environmental issue was largely 
prompted by the red alert given by the report from the scientists 
of the Intergovernmental Panel on Climate Change (IPCC) last 
August. Human-induced climate change is already affecting 
many weather and climate extremes in every region across the 
globe. These changes are observed across the whole of earth’s 
climate system. However, there is still time to limit climate change, IPCC
scientists think.
In the current issue Business economics focused on how climate change is impacting our environment.


Philosophy of Dharma is – Righteousness, Love, Service, Austerity, Simplicity and Faith in the Divine Lord.

Artha (money) is the means of living. It is not the aim. Dharma precedes Artha. To earn money in righteous way without hurting others, without cheating others, without grabbing others’ means of livelihood and possession. Kama denotes love and lust. Love for all and is righteous ways of love, satisfies natural instinct of Kama (lust) for ongoing creation. Lust is to be limited. Indulgence is bad. To be lion, it is to be limited. So, Righteousness (dharma) precedes artha (money) and kama (lust & love).

It’s festival time now and India is busy celebrating two of its biggest festivals - Durga puja/Dussehra and Diwali. Like last year, this year too Durga puja was not about hopping pandals and meeting friends and families to exchange greetings. It was partly virtual and about being there and celebrating the spirit of festivals. Diwali too is not likely to be any different. 

Understandably, the Covid-19 pandemic has changed the way Indians were used to celebrate festivals, but the spirit of festivals has remained unaltered. India is a land of many cultures and together, there are festivals all round the year. The rich and vibrant festivals of India are a testimony to its diverse tradition and culture. Festivals in India revolve around traditional myths, seasonal changes, relationships, and much more. Festivals are celebrated irrespective of religion or caste in the country, bringing people closer and creating a strong bond of humanity.

The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the years. It contributes significantly in the economic and social development of the country by promoting entrepreneurship and generating large employment opportunities at comparatively lower capital cost, next only to agriculture. MSMEs are complementary to large industries as ancillary units and this sector contributes significantly in the inclusive industrial development of the country. The MSMEs are widening their domain across sectors of the economy, producing a diverse range of products and services to meet demands of domestic as well as global markets. They have become a big partner in the country’s export growth.

A number of recent reports on the Indian economy have painted contradictory pictures of India’s future growth prospects. The International Monetary Fund (IMF) has cut its GDP growth forecast for India to 9.5% for the current fiscal from as high as 12.5% projected earlier - following the disastrous impact of the second wave of Covid-19.



IMF joins a number of global and domestic agencies which have all cut India's growth estimates for the current fiscal. S&P Global Ratings projected a 9.5 % GDP growth in the current fiscal and 7.8 % in 2022-23. While the World Bank has cut India’s economic growth forecast to 8.3 % in the 2022 fiscal from 11.2% earlier, the Asian Development Bank (ADB) has downgraded the growth projection to 10 % from 11 % estimated last April.

At the other end, two reports — the latest Reserve Bank of India (RBI) monetary policy statement and the Union finance ministry’s economic review for July 2021 — have sounded cheerful and optimistic while softening the negative influences on the economy.



With growth comes transformation, both economic and social. The growing urbanisation and widespread access to information generate new aspirations across all sections of society and when they are not met, they create a sense of antagonism among the disadvantaged. In this highly disruptive phase of the Indian economy, the government must therefore ensure that the benefits of economic growth reach every single citizen of India. 

If the fruits of economic growth do not percolate down to the economically backward millions, the efforts to build a prosperous India cannot be realised. Economic policies till date have largely excluded a majority of the rural population from being a partner of the growth process resulting in a sense of deprivation and dissatisfaction among a huge percentage of people in the Indian villages.


Stock market is on the wave of the bulls and due to inflow of FPI. Stock market is at an all-time high and attracting lot of retail investors and FII investment too. With India’s market capitalisation recently topping the USD 3 trillion mark, a note by Elara Securities says that anytime between 2025 and 2031 depending on how the economic growth and valuations pan out, our stock markets can touch the USD 5 trillion mark. New tech companies could be a big driver. Market capitalisation-to-GDP ratio has globally expanded over the past decade. We are in the middle of a bull phase which can last for a very long time. Annual equity returns from the stocks will be about 5% points on top of the economic growth of 7-10% in the coming years. Medium and Small cap companies stocks have also risen. FIIs’ investment in equity recorded a high of ` 2.6 lakh crore in 2020-21. India has the potential for long term growth.


Several NBFCs have auctioned pawned gold. Banks, mostly public sector banks, will have to face problem due to financial distress of public which have been due to pandemic. Several NBFCs have been facing crisis of not getting payments from their borrowers like MSMEs, contractors specially engaged in infrastructure, real estate and housing. BE has covered the impact of second wave of the pandemic and how the government is preparing to mitigate the challenges in this edition. 

Surge of second wave of Covid-19 pandemic has made Bharatwasis to realise how inadequate our healthcare facilities are. There is shortage of doctors/nurses/technicians even in normal times. We have 1.3 to 1.5 doctors for every 1000 people. Medical seats available in the nation are around 80,000 whereas the aspirants are 1.5 million. BE has covered why the healthcare system in India needs a reboot. 

The automobile industry has been affected by the COVID-19 epidemic. Second wave which has surged now is affecting much more. USAID report for country risk and research reported that a second wave of the COVID-19 outbreak would stall recovery in the global automotive sector. According to CMIE report there was fall in sales of automobile sales in 2021 compared to previous year in both commercial and passenger vehicles. BE has covered the growth and future of automobile sector in India.

Indian Pharma industry has supplied vaccines to 60% working population of countries like Britain, France, Germany and USA. India is trying to portray itself as generous in supplying vaccines to the world. Any sort of restrictions on the materials needed to manufacture vaccine will tremendously affect the supply and thereto humanity. BE has covered the current situation of vaccination drive in India and it's vaccine exports.

Universal Basic Income (UBI) is a model for providing all citizens of a Nation a given sum of money regardless of their income, resource or employment status. It is a government sponsored annual income. The motive is to reduce the inequalities in the society and to guarantee the meeting of basic needs of every citizen. In this issue BE has covered the significance of UBI in a time when the world has experienced huge economic downturn due to the pandemic. 


The expenditures under CSR are not allowed as business / professional expenditure under Income Tax. No specific exemption for CSR expenditure is allowed under the IT Act. BE in this issue has covered how the pandemic has changed the dynamics of CSR in India. 


The real estate sector had faced a severe setback, though sales, which had dropped, is marginally increasing. Due to cut in salaries and sinking of the economy, many home buyers could not make the payment of their loans to the banks and the non-banking financial institutions. BE, in this issue has covered the growth, challenges and budgetary allocations for real estate sector.

The Finance Minister has presented the Union Budget 2021-22 to boost the economy. While considering the extraordinary circumstances, this budget is set to be good for growth. It has balanced the government expenditure to stimulate the economy without the introduction of any additional tax. The budget has rightly focused on key sectors like infrastructure, urban transport, water supply, new roads, wastes management, healthcare, re-capitalization of PSU banks and promoting a digitally strong India. BE, in this edition has analysed the last Union budget.

Prime Minister Narendra Modi had said that the first phase of Covid-19 vaccination will incur no cost for state governments and that the central government will bear the entire cost. Priority for vaccination would be given to front-line workers – health workers, both in private and public facilities, security and armed forces staff, and sanitation workers. BE, in this issue has covered how the vaccination process is going on India.

The world is faced with extraordinary uncertainty about the depth and duration of this crisis, and it has been the worst economic fallout since the Great Depression. In India, The Union Government Finance Minister claims that the economy has witnessed a V-shaped recovery despite Covid–19. According to her there is an overall growth in all sectors. The government expects the GDP to contract by 7.7 % in this fiscal year. However, the reality may be different. BE has covered the economic forecast of 2021 in this edition.

India dropped two spots, ranking 131 among 189 countries in the 2020 Human Development Index (HDI), as reported by United Nations Development Programme (UNDP). Human Development Index is the measure of a country’s health, education, and standard of living. It does not account for the impact of Covid.  Business Economics has covered the global and national HDI conditions in this issue.

According to the World Health Organisation (WHO), many potential vaccines for Covid-19 are under study and several large clinical trials may report results end of this year or by January 15, 2021. India needs to catch up with global standards of effective vaccine management. It’s cold chain network needs improvement. BE has covered the potential Covid vaccines and their safety protocols in this issue. 

The economy is recovering from the lows but the pace is slow. It is below pre-Covid levels. Credit Suisse reported corporate stressed debt dipped 37% in the September quarter, but it has happened only with a few sectors and not largely with MSME and service sectors. This edition of BE has covered how India is paving it's way from the situation of 'technical recession'.

Data protection law in India is currently facing many problems due to the absence of proper legislative framework. There is an on-going explosion of cyber crimes on a global scale. The theft and sale of stolen data is happening across vast continents. India being the largest host of outsourced data processing in the world could become the epicenter of cyber crimes this is mainly due to absence of the absolute legislation.  Business Economics has covered the personal data violation in digital space. 

Online retail companies have been tying up with physical retailers for delivery of the goods to the consumers in their respective areas. This issue of BE has covered how the Online to Offline business has grown during the pandemic and what are the impacts.

Government has enacted three agriculture bills to improve the farmers’ income for assessing the market for their produce. BE has discussed the impacts of these acts in the current issue.

The festive season is knocking at the door. Due to financial constraints, people will still be purchasing merchandise as a matter of auspicious purchases. Now, because of Covid-19, marketing has been shifting to e-commerce. This edition of BE analysed the business expectations from the upcoming festive season in India.

Renewable energy is in the need of effective solutions for growth’s survival. BE has covered the present situation of renewable energy and it's development in India. 

The Modi government has announced the new National Education Policy 2020. It aims for a holistic, inclusive education from pre-school to secondary level with 100% Gross Enrolment Ratio (GER) in schools by 2030. BE has analysed the pros and cons of the NEP, 2020 in this edition. 

Indian government has initiated Unlock 3.0 since August. To safeguard the human lives, FICCI has published its Unlock 3.0 guidelines that should be maintained in various sectors when opening them. This issue of
BE has covered sector specific present situations and future estimations during the Unlock 3.0.

April 01 - 30, 2022

March 1 - 31, 2022

February 1 - 28, 2022

January 1 - 31, 2022

December 01 - 31, 2021

November 1 - 31, 2021

October 1 - 31, 2021

September 1 - 30, 2021

August 16 - 31, 2021

July 16 - 31, 2021

June 16 - 30 , 2021

May 16 - 31, 2021

May 01 - 15, 2021

April 16- 30, 2021

April 01 - 15, 2021

March 16 - 31, 2021

March 01, 2021

February 16, 2021

February 01, 2021

January 16, 2021

January 01, 2021

December 16, 2020

December 01, 2020

November 16, 2020

November 01, 2020

October 16, 2020

October 01, 2020

September 16, 2020

September 01, 2020

August 16, 2020

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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