https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3.jpegStatistically SpeakingTwo of the most important factors contributing to India’s growth are its technological and digital progress and skill bank. India has a very strong digital advantage when compared to the rest of the world with around 900 million of those in the wo...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingIndia overtook the UK to become the fifth largest economy in 2022 and continues to be at the fifth position with a GDP of USD 3.75 Trillion. India overtook France in 2019, with a gap of around USD 100 billion and successfully widened this gap to U...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThe Reserve Bank of India predicts that India will continue to maintain its position as the fifth-largest economy in the world in 2023. The report further said India is likely to become a USD 3.7 trillion economy in 2023 and will continue its lead...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThree other big states due to go to polls before the Lok Sabha 2024 elections are Rajasthan, Madhya Pradesh, and Telangana. In Rajasthan, the incumbent Congress’ internal contradictions are proving difficult for the party, clearly giving away seve...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingApart from the above states, Andhra Pradesh and Odisha are the other big states that will go to Assembly polls early next year before the Lok Sabha 2024 elections. For the incumbent BJP, winning the assembly elections in these crucial big states w...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingIn Telangana, Chief Minister K. Chandrasekhar Rao (KCR)’s Bharat Rashtra Samithi (BRS), erstwhile Telangana Rashtra Samithi (TRS), will face a challenge from principal opposition Congress and distant fighter BJP. The 119-member assembly will go to...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingIn Karnataka, the largest state that went to polls so far in 2023, elections were a decisive factor for both the BJP and the Congress. While the BJP lost its only bastion in the south, the INC, after a long time, recorded such a massive victory in...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingFour states went to polls in early 2023 —Tripura, Meghalaya, Nagaland, and Karnataka. In Tripura, of the 60 seats in the Assembly, the BJP-Indigenous People’s Front of Tripura (IPFT) alliance won 33 seats, securing a second straight term as the IN...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingWith the 2024 Lok Sabha elections less than a year away, political parties, both national and regional, are prepping to prove their mettle on the national electoral stage. Several parties have already begun campaigning for the elections in bigger ...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingAs a result of the steps taken by the Indian Railways, the number of consequential train accidents decreased from 118 in 2013-14 to 22 in 2020-21, the lowest-ever figures in the history of Indian Railways. The introduction of the National Rail Pla...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingRecognizing the importance of safety, the Indian government has taken steps to improve the rail network’s safety standards. Modernization and upgradation efforts are underway, focusing on tracks, signalling systems, and rolling stock. Embracing ad...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingAccording to experts, apart from the need to introduce technological interventions to improve safety, another major concern that needs immediate attention is the overburdened and underqualified nature of the railway personnel responsible for safet...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingIn spite of the several measures to improve the functioning of Indian railways, there is an immediate need to address some issues that make the rail network safer for travel. In its 2022 report titled “Derailments in Indian Railways”, the Comptrol...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingBoasting the world’s fourth-largest railway network, Indian railways span over 68,000 km and connect more than 8,000 stations. It serves both passenger and freight transportation needs across diverse regions of the country. Every day, approximatel...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThe Indian Railways has been an integral part of India’s transportation infrastructure for over 170 years. With its vast network and extensive operations, the 68,000 km railway network facilitates travel for more than 350 crore people annually and...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingAccording to Suchita Dutta, executive director of ISF, over the last financial year, the Indian staffing industry provided a significant number of first-time entrants to the job market with their very first formal employment opportunity. According...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingAccording to ISF, flexi staffing as an employment strategy is known to contribute to the formalisation of jobs by reducing the burden on the unorganised sector. Although the industry by nature is organised temporary staffing, it acts as a force mu...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingFlexi staffing as a workforce strategy has gained momentum globally in recent years. Allowing companies to hire staff on a short-term and project basis, it offers cost-effectiveness and efficiency to the company and flexibility to the individual t...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingAn overall comparison of flexi staffing workforce shows a 14 per cent growth in 2022-23 but a drop from the more than 21.9 per cent increase in 2021-22. A closer look at the numbers shows that there was a reverse trend seen in the past three quart...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingIn an economic scenario that is fast transitioning from traditional businesses and occupations to modernised and digitalised ventures and job opportunities, the nature of the interactions between employers and employees has witnessed a landmark sh...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingFormalisation brings numerous benefits, including increased transparency, improved access to credit and insurance, enhanced social security, and more opportunities for professional growth. It helps combat income inequality, as employees receive be...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThe surge in EPFO subscribers is not confined to any particular occupational sector and is a positive indication of the growing formalisation of the economy. Previously, a significant portion of the workforce operated in the informal sector, lacki...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingAnother key aspect to consider is the age breakdown of EPFO subscribers. The data suggests a diverse range of age groups actively engaging in retirement planning through EPFO schemes. The younger workforce has shown a significant inclination towar...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThe EPFO caters to workers in medium and large establishments of the formal sector. With 6.9 crore monthly contributors on an average and over 71 lakh pensioners receiving their due every month, EPFO manages a corpus upwards of ₹17 trillion. EPFO’...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingOne noteworthy aspect of the rise in EPFO subscribers is the increasing participation of women in the workforce. Traditionally, women in India have faced barriers to formal employment. However, EPFO payroll data reveals a promising trend as more w...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThe Employees’ Provident Fund Organisation (EPFO) plays a vital role in securing the financial well-being of crores of organised and semi-organised sector employees across India. In recent years, EPFO experienced a remarkable increase in its subsc...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingISP’s primary objective is to facilitate entry of the private sector into the Indian space ecosystem, enabling the domestic sector to be a competitive player in the international market. This will not only provide ISRO with an enhanced capacity fo...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingUntil recently, areas of operation which held national relevance were reserved for ISRO and its arms. Increased involvement of the private sector in space will be facilitated by IN-SPACe, which will act as an interface between ISRO and non-governm...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingAside from technological prowess, the domestic space sector is known to produce cost-efficient interventions with a high degree of success rate. ISRO’s Mangalyaan was the most affordable mission to Mars in the world. Also known as the Mars Orbiter...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingISRO is the sixth largest space agency in the world and holds an exceptional success rate but the Indian space market as a whole contributes less than two per cent to the global space market. The Indian Space Policy (ISP) aims to institutionalise ...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThrough a series of mega launches of satellite and rocket spheres in the last few decades, India has established its credibility as a key player in the international space industry. From communications satellites such as Indian National Satellite ...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThe scheme’s impact on reducing rural poverty and improving standards of living is well established through several studies. According to a recent study by Azim Premji University, by compensating for income loss caused by COVID-19-induced shutdown...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingMGNREGS is facing a double whammy of sorts as the reduced rate hike in daily wages is coupled with a declining budgetary allocation for the rural programme. There is no component of standalone fund allocation to states and UTs under MGNREGS and fu...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingOn 24th March 2023, the Union Ministry of Rural Development notified a hike in wage rates under the rural job guarantee programme for the Financial Year 2023-24. The hike, applicable from 1st April 2023, ranges from Rs. 7 to Rs. 26, or between two...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingMGNREGS is a demand-driven employment guarantee scheme which guarantees at least 100 days of paid employment (in the form of unskilled manual work) in a financial year to every rural household. The scheme is premised on the need to create employme...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingAccording to a study conducted by the National Council of Applied Economic Research (NCAER) and the University of Maryland, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) helped reduce the incidence of poverty in rural are...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingUsing a currency for international trade has to go beyond the currency being a medium of exchange for goods and services trade. It must reflect the ability to support transactions in the capital markets as well. This calls for greater integration ...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThe internationalisation of the Indian Rupee is slated to bring several benefits to the domestic economy. For starters, undertaking economic transactions with the rest of the world in the Indian Rupee will lower the transaction cost of cross-borde...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThe RBI’s trade settlement system, set up in July 2022, has been attracting interest from countries across the world. The mechanism facilitates the usage of the Indian Rupee for cross-border financial transactions through a Vostro account, thereby...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingAn international currency is a currency used to settle cross-border transactions involving any purchase of goods, services, or financial assets instead of the national currencies of the parties involved. An international currency has wide global r...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingIndia has witnessed an exponential rise in its share of the global economy in the last couple of decades. India’s merchandise exports saw a jump of a staggering $122 billion between 2012-13 and 2021-22 whereas its imports increased by $117 billion...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingA large part of the Indian economy is based on the informal sector with informal labour or employment functioning as its base. With increased access to transportation and communication coupled with an increasing demand for a greater labour force i...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThe 17th February decision of the ECI in effect recognised the Eknath Shinde Sena as the original party founded by Balasaheb Thackerey, thereby depriving Uddhav Thackeray of his father’s legacy. The Uddhav Shiv Sena filed a petition in the Supreme...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingWith 164 MLAs voting in its favour, the new Eknath Shinde-led government sailed through the trust vote in the state assembly and has been stable ever since. However, the damage Eknath Shinde has done to Uddhav Thackeray and the Thackeray family’s ...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingMaharashtra politics has been in a churn ever since the 2019 Assembly elections. From the breakup of the decades-old Bharatiya Janata Party (BJP)-Shiv Sena alliance to the ideologically awkward Shiv Sena-Congress-Nationalist Congress Party (NCP) a...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingIn Meghalaya, waiting to vote on 27th February, the Meghalaya Democratic Alliance government led by the Nationalist People’s Party (NPEP) with partners like the BJP and other regional players is already broken. The BJP has accused its alliance par...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingIn 2018, 60 seats went to polls in Nagaland. With the help of the BJP as a minor partner, former CM Neiphiu Rio formed a government under the banner of his new outfit, the National Democratic Progressive Party (NDPP). The NDPP came in second place...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingFrom Communist Party of India-Marxist (CPI-M) rule in 2013, the power shifted to the BJP in 2018 as the party won 35 of the 59 seats that went to polls. With this, Tripura became the only state in the northeast where the BJP won a simple majority ...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingIn the first set of elections in 2023, the Northeastern states of Tripura, Nagaland, and Meghalaya will be going to polls in the months of February and March. Tripura voted yesterday and Nagaland and Meghayala are due to vote on 27th February. Ele...https://latest.thedailyguardian.com/statistically-speaking/what-are-the-main-factors-contributing-to-indias-growth/June 23, 2023, 1:10 amhttps://latest.thedailyguardian.com/wp-content/uploads/2023/06/Image_3-300x195.jpegStatistically SpeakingThe Indian National Congress recently completed its Bharat Jodo Yatra in Jammu and Kashmir amidst much fanfare and the support of eight opposition parties, members of which attended the closing event. The Yatra was led by former party President Ra...