HENCY R SHAH AND ASSOCIATES

India Loses Billions of Dollars Due to Internet Shutdowns Internet shutdowns are a growing problem around the world. In 2022, there were 114 major deliberate internet outages in 23 countries, affecting 710 million people. These shutdowns had a significant economic and social impact. A study by Top10VPN found that internet shutdowns in 2022 cost the global economy $24.67 billion. This includes losses in productivity, tourism, and foreign investment. The shutdowns also had a negative impact on education and healthcare, as people were unable to access online resources. India lost $1.9 billion in the first half of 2023 due to internet shutdowns. It also found that the shutdowns also led to the loss of 21,000 jobs and $11.8 million in foreign direct investment. The most affected country in 2022 was Russia, which suffered a loss of $21.59 billion due to internet shutdowns. This was followed by Myanmar ($1.09 billion), Iran ($773 million), and India ($582.8 million). The study also foun...

Does India Need Green Revolution 2.0? India needs a second green revolution along with the next generation of reforms to make agriculture more climate-resistant and environmentally sustainable. Observing that Indian agriculture has exhibited remarkable resilience during the COVID-19 period, new emerging challenges warrant a second green revolution along with next-generation reforms. Despite the success in terms of production that has ensured food security in the country, food inflation and its volatility remain a challenge, which requires supply-side interventions such as higher public investment, storage infrastructure and promotion of food processing. Indian agriculture scaled new heights with record production of various foodgrains, and commercial and horticultural crops, exhibiting resilience and ensuring food security during the COVID-19 period. The sector, however, confronted various challenges, mitigation of which requires a holistic policy approach. For instance, ...

  Different forms of GOLD to invest in Gold prices have rallied over 40% in the last year. As the world was grappling with uncertainty surrounding the COVID-19 pandemic, demand for the asset class rose rapidly due to its perception as a safe haven. Here are the different forms in which you can invest in Gold. Physical Gold One of the oldest ways to own gold is to buy it physically from a nearby jewellery shop. We Indians surely do love and cherish possessing gold. But keep in mind, that buying jewellery should not be construed as an investment. This is so because the making charges on jewellery can be as high as 25% in some cases plus GST which cannot be recovered on resale. Also owning physical gold has safety and storage concerns associated with it. Gold ETF It is an exchange-traded fund with physical gold (99.5% purity) as the underlying asset. These ETFs are listed on an exchange like NSE or BSE where they can be bought or sold. The benefits of investing in gold ETF...

India To Be 3rd Largest Economy By The End Of The Decade With India overtaking the United Kingdom (UK) to become the world's fifth-largest economy, a State Bank of India (SBI) report forecasts that the country will overtake two other major economies by the end of this decade. The SBI Economic Research Department forecast that India will overtake Germany by 2027 and most likely Japan by 2029 at the current growth rate, making it the third-largest national economy in the world, a move up 7 places from 2014 when India ranked 10th. This is a remarkable achievement by any measure, says the report, authored by Soumya Kanti Ghosh , Group Chief Economic Adviser, SBI. For the first quarter of the fiscal year 2022–23, India recorded a GDP growth of 13.5%. The report states that at this rate, India is likely to be the fastest-growing economy in the current fiscal year. "Interestingly, even with an estimate of India's GDP While the FY23 growth rate is currently fluctuating between 6.7...