Statistically Speaking

Benefits of Internationalizing Indian Rupee

24 Mar 2023 01:44 AM IST

The 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-border trade and investment operations by mitigating exchange rate risk and eliminating conversion

Indian Rupee as An International Medium

24 Mar 2023 01:43 AM IST

The 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 reducing dependence on existing international currencies. The RBI has granted permits to banks

International Currency: What does it mean to be one?

24 Mar 2023 01:41 AM IST

An 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 recognition and is easily convertible into other currencies. While cross-border trade can be in any

Putting the Rupee on the Global Map

24 Mar 2023 01:39 AM IST

India 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 in the same period. The rise in trade has

Can India be the global leader in Green Hydrogen production?

22 Mar 2023 02:01 AM IST

While India’s National Green Hydrogen Mission is certainly a step in the right direction, it should be noted that other countries are also taking active steps in prioritising the production of green hydrogen. Australia has identified this eco-friendly fuel as a priority, aiming to produce it for under USD 2

What is the National Green Hydrogen Mission?

22 Mar 2023 02:00 AM IST

Earlier this year, the Union government of India approved the National Green Hydrogen Mission, which is a comprehensive action plan to establish a green hydrogen ecosystem, while also helping create a systemic response to the opportunities and challenges in this section. The government has allocated Rs. 19,744 crore for the

Is Green Hydrogen the Answer to Our Climate Crisis?

22 Mar 2023 01:58 AM IST

Green hydrogen is one of the primary prominent contenders for a replacement for fossil fuels. It is seen and projected as a solution to environmental degradation caused by the excessive use of fossil fuel emissions, which is leading to global warming and the climate crisis. The eco-friendly fuel is easy

What is Green Hydrogen?

22 Mar 2023 01:57 AM IST

Green hydrogen is hydrogen produced through the process of electrolysis, generated by renewable energy sources, such as solar or wind, or from low-carbon power. Unlike grey hydrogen which is usually produced from fossil fuels, green hydrogen is a zero-emission fuel which does not release any greenhouse gases into the atmosphere.

India has potential to Lead in Green Hydrogen Production

22 Mar 2023 01:55 AM IST

Earlier this month, NITI Aayog Chief Executive Officer Amitabh Kant announced that India was aiming to bring down the cost of producing green hydrogen—an environmentally-friendly produced fuel—to USD 1 per kilogram by 2030. While this is an ambitious target, India has a distinct advantage in low-cost renewable energy generation, potentially

Where are the Domestic Migrants Headed?

10 Mar 2023 00:59 AM IST

A 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 in these sectors has shifted labour away from agriculture and towards

What is the UDAN scheme?

08 Mar 2023 01:22 AM IST

The government of India also launched the Ude Desh ka Aam Naagrik or UDAN programme in 2016, which is a regional airport development program. The UDAN programme aims to make air travel accessible and affordable to all, while also upgrading under-serviced air routes and improving regional connectivity in the country,

How has the aviation industry changed in India?

08 Mar 2023 01:21 AM IST

Since the election of the Modi government in 2014, the aviation industry in India has expanded rapidly, with the number of operational airports increasing from 74 to 140 in the last eight years. Following a cabinet reshuffle in 2021, Jyotiraditya Scindia was appointed as the Union minister for civil aviation