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India’s target of USD5 trillion economy

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    Yash Joshi MBA- II Semester Batch: 2023-25 yash.joshi2025@sibmnoida.siu.edu.in Introduction India is the fastest-growing and sixth-largest economy in the world. The Indian government aimed to achieve a $5 trillion economy by 2025 by adopting various policies and welfare schemes (pib.gov.in, 2023). This goal also includes sectoral growth, development of standard living, digitalization, and environmental policies. However, the COVID-19 pandemic slowed down the growth trend of India in 2020. Though in 2022, the GDP was Rs. 229 lakhs . However, the finance ministry set some objectives and solutions to achieve this target before the forecasted period of the International       Monetary Fund (IMF) is 2026-27. This assignment will also discuss the best possible solution to achieve this target ( www.outlookindia.com, 2023). The fundamental business problem the Finance Ministry faces is getting India’s GDP to $5 trillion, which calls for a compr

Implications of India's Non-Basmati Rice Export Ban in 2023

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  Tanya Kishore MBA- II Semester Batch: 2023-25 tanya.kishore2025@sibmnoida.siu.edu.in Rice is a staple diet in India, and it is one of the major exported items to the world since India is a major rice-producing country. India accounts for more than 40% of the world’s rice exports and last year exported around 55 million metric tons of rice to 166 countries in the world, out of which almost 40% of rice was exported to the United States of America. This year, partly because of global warming, an early monsoon and also some depressions in the Bay of Bengal as well as in the Arabian Seas resulted in heavy downpours in Southern, western eastern and northern areas, resulting in massive floods in the different regions in India. These heavy pre-monsoon rains destroyed/ affected the rice production in the country. Sensing the rice production in India might not be sufficient to cater to the needs of the domestic market.  Further, being the election year where 3-4 major states