Every month, a gas cylinder arrives at millions of Indian homes. Families use it to cook food. It runs on LPG — a fuel India mostly buys from other countries. In fact, India imported nearly 21 million tonnes of LPG in 2024 alone. On top of that, India also imports diesel, coal, and crude oil.
Dimethyl Ether: The Fuel That Could Make India Energy Independent Read More »
For decades, if you wanted to know how prices were moving at the wholesale level in India, you turned to the WPI — the Wholesale Price Index. It’s been the standard tool for tracking producer-level inflation since forever, or at least it feels that way. But that era is now ending. The government has decided
India Shifts from WPI to PPI: A New Way to Measure Inflation Read More »
For decades, India has relied on the Index of Industrial Production (IIP) to track its industrial health. But here’s the catch: services now make up more than half of India’s economy, and yet no monthly indicator has ever tracked this huge sector the way IIP tracks industry. So, a real gap has existed for years.
India’s New Index of Services Production (ISP): A Complete Guide Read More »
This article explores the Sacrifice Ratio, a key concept in economics that measures the “pain” or cost of reducing inflation. It specifically quantifies how much economic growth (GDP) a country must surrender to lower its inflation rate by 1%. 1. The Core Concept: No Free Lunch In economics, most things come with a trade-off. When
Sacrifice Ratio – Important UPSC Topic Read More »
Sacrifice Ratio UPSC GS3: What is it, how it connects to the Phillips Curve, Okun\’s Law & RBI policy. Includes India vs US vs UK data (2021–2024) and a ready Mains answer framework.
