Economics Current Affairs

Indian economy projected to grow by 7.7% in FY 2017: UNWESP report

According to the United Nations World Economic Situation and Prospects (WESP) 2017 report, India’s economy is projected to grow by 7.7% in fiscal 2017 and 7.6% in 2018 India will remain the fastest growing large developing economy due to its strong private consumption and gradual introduction of significant domestic reforms. The UN flagship report has Read More…

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Oliver Hart and Bengt Holmstrom win 2016 Nobel Prize in Economics

Two economists Oliver Hart and Bengt Holmstrom have won the 2016 Nobel Memorial Prize in Economic Sciences. Both of them will share 8 million kronor, or about $930,000. Royal Swedish Academy of Sciences has selected them for their contributions to contract theory which tells how contracts help people deal with conflicting interests. Their individual theories Read More…

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Economist Angus Deaton wins 2015 Nobel Memorial Prize in Economic Sciences

Microeconomist Angus Deaton has won the prestigious 2015 Nobel Memorial Prize in Economic Sciences. Royal Swedish Academy of Sciences has selected him for his analysis of consumption, poverty, and welfare. His research work has linked detailed individual choices and aggregate outcomes which inturn has helped to transform the fields of macroeconomics, microeconomics and development economics. Read More…

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