Supreme Court Advocates for Childcare and Feeding Rooms in Public Spaces

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Supreme Court Advocates for Childcare and Feeding Rooms in Public Spaces The Supreme Court of India has suggested that the Union Government develop a comprehensive policy addressing the construction of feeding rooms and childcare facilities  in public places. This move aims to ensure that nursing mothers and their children can access basic amenities in a dignified and private manner, reinforcing their fundamental rights under the Indian Constitution. SC Encourages Policy Formulation A bench comprising Justice BV Nagarathna  and Justice N Kotiswar Singh  highlighted the absence of a structured framework to address this pressing issue. The court advised the Centre to propose a policy that could then be implemented across the states, scheduling the next hearing for December 10, 2024.   The apex court emphasized that before issuing formal directions, it was crucial to understand the Centre’s perspective on implementing the petitioner’s demand for childcare and feedi...
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IMF Raises India's Growth Projections for 2024; Country Remains Fastest Among Developing Nations

IMF Raises India's Growth Projections for 2024; Country Remains Fastest Among Developing Nations


IMF's Latest Outlook on India's Growth


The International Monetary Fund (IMF) has revised upwards its growth projections for India in 2024, from 6.5 percent to 6.8 percent, reaffirming the country's status as the fastest-growing economy among emerging markets and developing economies. 


Factors Driving India's Growth


India's robust economic growth projections are attributed to the strength in domestic demand and a rising working-age population, according to the IMF's World Economic Outlook report. The country's demographic dividend, with a significant portion of new workforce entrants expected to come from India and sub-Saharan Africa, is poised to support global workforce growth in the medium term.


Economic Performance of Emerging Markets


The IMF's report highlights the consistent outperformance of economic growth in emerging markets, including India, compared to advanced economies over the past two decades. The integration of emerging markets like India into the global economy, particularly through trade and global value chains, has contributed significantly to their economic growth trajectory.


India's Strong Economic Indicators


India's official data reveals a robust growth rate of 8.4 percent during the October-December quarter of the financial year 2023-24, maintaining its position as the fastest-growing major economy. This growth momentum is consistent with previous quarters, where India recorded growth rates of 7.8 percent and 7.6 percent in the preceding two quarters, respectively.


Global Economic Outlook


Overall, the IMF projects global growth to reach 3.2 percent in both 2024 and 2025. Despite various challenges, including supply-chain disruptions, geopolitical tensions, and inflationary pressures, the global economy has demonstrated resilience, with growth remaining steady as inflation returns to target levels.


Resilience Amid Challenges


The IMF's report acknowledges the resilience of the global economy amidst significant challenges, such as supply-chain disruptions, geopolitical tensions, and inflationary pressures. Despite these obstacles, the world avoided a recession, and major emerging market economies, including India, remained resilient, with sustained economic growth.


Conclusion


India's upwardly revised growth projections by the IMF underscore the country's resilience and potential as a key driver of global economic growth. With a favorable demographic dividend and robust domestic demand, India continues to play a pivotal role in shaping the trajectory of the global economy.

Location: Pune, Maharashtra, India

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