High and persistent inflation has presented serious macroeconomic challenges in India in recent years, increasing the country’s domestic and external vulnerabilities. A number of factors underpin India’s high inflation. This book analyzes various facets of Indian inflation—the causes, consequences, and policies being implemented to manage it. Several chapters are devoted to analyzing and managing food inflation, given its significance in driving overall inflation dynamics in India.
High and persistent inflation has presented serious macroeconomic challenges in India in recent years, increasing the country’s domestic and external vulnerabilities. A number of factors underpin India’s high inflation. This book analyzes various facets of Indian inflation—the causes, consequences, and policies being implemented to manage it. Several chapters are devoted to analyzing and managing food inflation, given its significance in driving overall inflation dynamics in India.
This IMF catalog provides the newest information on the key publications. Each publication underpins IMF strategic positions and policy by disseminating global and regional surveillance products and analysis, and by expanding country-level outreach. With this objective in mind, the IMF publishes a wide variety of books, periodicals, and electronic products covering global economics, international finance, monetary issues, statistics, exchange rates, and other global economic issues. IMF’s print and digital publications also present the analysis, research, policy advice, and data on economic and financial sector issues at the global, regional, and country level. The West African Economic and Monetary Union (WAEMU) has a long and varied history, and this Building Integrated Economies in West Africa: Lessons in Managing Growth, Inclusiveness, and Volatility book examines how the WAEMU can achieve its development and stability objectives, improve the livelihood of its people, and enhance the inclusiveness of its economic growth, all while preserving its financial stability, enhancing its competitiveness, and maintaining its current fixed exchange rates.
Asia is expected to grow by about 51⁄2 percent this year, accounting for nearly two-thirds of global growth, and the region remains the world’s most dynamic by a considerable margin. But despite the strong outlook, policymakers must remain vigilant. While risks around the forecast are broadly balanced for now, they are skewed firmly to the downside over the medium term. Key risks include those of further market corrections—possibly triggered by inflation surprises and/or faster-than-expected monetary tightening in advanced economies—a shift toward protectionist policies, and an increase in geopolitical tensions.
This comprehensive text aims to give readers an overall idea of the structural changes in Indian Economy in the Post-Independence era with greater focus on the period since reforms of the 1990s. Besides giving an overview of the broad trends of the economy, an attempt has been made to define various important concepts that may be useful for any average student learning the subject. Comprehensive coverage of contemporary issues such as sectoral reforms, various welfare schemes of the government, employment generation schemes, etc. are dealt with in great detail and the book is up-to-date with latest data from Economic Survey 2020–21. Primarily designed for General Studies paper of the Civil Services Examination (IAS and PCS) and the optional paper on Economics in the main examination, the book will be handy for other competitive examinations. Undergraduate and postgraduate students of commerce, economics and management will also immensely benefit by reading the book. KEY FEATURES • Up-to-date with latest data from Economic Survey 2020–21 • Short-answer and long-answer questions based on exam pattern are the highlight of the book • Previous years' examination questions• Important issues/developments highlighted TARGET AUDIENCE • Civil Services and other competitive Examinations aspirants • Undergraduate/Postgraduate students of Economics/Commerce/ Management
The Asia-Pacific region continues to be the world leader in growth, and recent data point to a pickup in momentum. We expect the region to expand by 5.5 percent in 2017, up from 5.3 percent in 2016. Accommodative policies will underpin domestic demand, offsetting tighter global financial conditions. However, the risks to the outlook, on balance, are slanted to the downside. A possible shift toward protectionism in major trading partners could suppress Asia’s trade, while the continued tightening of global financial conditions and economic uncertainty could trigger capital flow volatility. A bumpier-than-expected transition in China would also have large negative spillovers to the region. Beyond the short term, many parts of Asia face secular headwinds from population aging and slow productivity growth. These challenges call for domestic policies that support growth while boosting resilience and inclusiveness. To sustain long-term growth, structural reforms are needed to deal with challenges from demographic transition and to boost productivity.
Against the backdrop of growing anti-globalisation sentiments and increasing fragmentation of the production process across countries, this book addresses how the Indonesian economy should respond and how Indonesia should shape its trade and industrial policies in this new world trade environment. The book introduces evaluation not on tariffs but on new trade instruments such as non-tariff measures (SPS, TBT, export measures and beyond border measures), and looks at industrial policies from a broader perspective such as investment, accessing inputs, labour, services, research and innovation policies. “The Open Access version of this book, available at http://www.taylorfrancis.com/books/10.4324/9781315161976, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.”
According to the October 2016 "World Economic Outlook," global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. The forecast, revised down by 0.1 percentage point for 2016 and 2017 relative to April’s report, reflects a more subdued outlook for advanced economies following the June U.K. vote in favor of leaving the European Union (Brexit) and weaker-than-expected growth in the United States. These developments have put further downward pressure on global interest rates, as monetary policy is now expected to remain accommodative for longer. Although the market reaction to the Brexit shock was reassuringly orderly, the ultimate impact remains very unclear, as the fate of institutional and trade arrangements between the United Kingdom and the European Union is uncertain. Financial market sentiment toward emerging market economies has improved with expectations of lower interest rates in advanced economies, reduced concern about China’s near-term prospects following policy support to growth, and some firming of commodity prices. But prospects differ sharply across countries and regions, with emerging Asia in general and India in particular showing robust growth and sub-Saharan Africa experiencing a sharp slowdown. In advanced economies, a subdued outlook subject to sizable uncertainty and downside risks may fuel further political discontent, with anti-integration policy platforms gaining more traction. Several emerging market and developing economies still face daunting policy challenges in adjusting to weaker commodity prices. These worrisome prospects make the need for a broad-based policy response to raise growth and manage vulnerabilities more urgent than ever.
Introduction Economics is often regarded as the backbone of a nation's policy-making and development. Its principles and applications impact every aspect of society, from individual choices to global trade policies. For Civil Service Exam aspirants, a thorough understanding of economics is indispensable, as it equips you with the knowledge to analyze and address the pressing issues facing our country and the world. The Importance of Economics in Civil Services Economics forms a crucial part of the Civil Service Exam syllabus, reflecting its importance in governance and administration. As future civil servants, you will be required to make informed decisions that can influence economic growth, social welfare, and overall national development. Hence, a solid grasp of both basic and advanced economic concepts is essential. Basic Concepts We begin with the fundamentals of economics, laying a strong foundation for more advanced topics. Key concepts such as supply and demand, market equilibrium, and the role of prices in an economy are explained in a straightforward manner. You will learn about different types of markets, including perfect competition, monopoly, and oligopoly, and how they function. National Income and Economic Indicators Understanding how to measure an economy’s performance is critical. We cover essential economic indicators like Gross Domestic Product (GDP), Gross National Product (GNP), inflation, and unemployment rates. These indicators provide insights into the health of an economy and are vital for policy-making. Money and Banking The role of money in the economy, the functioning of banks, and the significance of financial markets are explored in detail. You will learn about monetary policy, the workings of the Reserve Bank of India, and how financial institutions influence economic stability and growth. Public Finance This section delves into government revenue and expenditure, focusing on fiscal policy and its implications for the economy. Topics such as taxation, public debt, and budget deficits are discussed to provide an understanding of how governments manage economic resources. International Trade and Finance In an increasingly globalized world, understanding international economics is crucial. We discuss trade theories, balance of payments, exchange rates, and the impact of globalization on national economies. The roles of international organizations like the World Trade Organization (WTO) and the International Monetary Fund (IMF) are also covered. Economic Development and Planning Economic development is a major goal for any government. This part of the book examines the strategies and policies aimed at achieving sustainable development. Issues such as poverty, inequality, and environmental sustainability are addressed, along with the role of planning in economic development. Contemporary Economic Issues The final chapters focus on current economic challenges and trends. Topics like digital economy, climate change, and economic reforms are discussed to provide a contemporary perspective. Understanding these issues is crucial for aspiring civil servants who will be at the forefront of addressing them. Conclusion This book aims to provide a comprehensive yet accessible introduction to economics, tailored specifically for Civil Service Exam aspirants. By bridging basic and advanced topics, it prepares you to tackle the economic questions in the exam with confidence. More importantly, it equips you with the knowledge to contribute effectively to the economic development and welfare of our society. I hope this book serves as a valuable resource in your preparation and inspires you to delve deeper into the fascinating world of economics. Nitin Arora
