DeCEDA/Qrius 2022 was a milestone year for India. India walked into 2022 with an infectious wave of Covid-19 impacting lakhs of people, the wave receded a few weeks into the year. As hopes for a post-pandemic recovery surged, war in Ukraine brought in new challenges for the economy. With supply chains disrupted, global sanctions imposed on Russia, prices of fuel and food shot up. Inflation, already on a high from pent-up...
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Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »How India’s rulers have dashed the hopes of its younger citizens -Santosh Mehrotra
-Scroll.in Increasing unemployment is a major cause for concern. Politicians constantly talk about India being a young country, since two-thirds of the population is under 35 years of age and half of it below 26. Some economists consider this an automatic boon for the economy, since there is a limitless number of workers who could contribute to India’s productive capacity. Finance and investment giant Morgan Stanley, in a report released in November, identified...
More »1,53,972 people killed in road accidents in India in 2021 -Varun Singh
-IndiaToday.in While 56,007 people died in accidents on national highways, there were 37,963 deaths on state highways and 60,002 deaths on other roads. In Short * Road accidents increased by 12.6% y-o-y in 2021. * Fatalities and injuries rose by 16.9% y-o-y and 10.39% y-o-y, respectively. * At least one out of 10 people killed on roads across the world is from India. India witnessed as many as 4,12,432 road accidents in 2021 in which 1,53,972...
More »India’s transition to electric mobility will be faster, say experts -Aroosa Ahmed
-The Hindu Business Line The Govt has a target of 30% EV penetration in private cars, 70% for commercial vehicles, and 80% for two and three-wheelers by 2030 for the automobile industry India’s transition to electric mobility will be faster as automobile companies are making big-ticket investments in the development of infrastructure to facilitate electric vehicle penetration in the country, according to industry experts. The Union Government has a target of 30 per...
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