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UPSC Relevance: GS Paper 2: This topic is crucial for understanding bilateral and regional groupings and agreements involving India. It also highlights the impact of global economic policies on India. Bilateral, Regional, and Global Groupings and Agreements Involving India and/or Affecting India’s Interests. Essay Paper: The implications of China’s economic and strategic policies can be …
Read MoreWhy in the news? India Ratings revises FY25 GDP growth forecast to 7.1% from 6.5%, citing strong government spending and improved corporate balance sheets. About the Upgraded Growth Projection: • India Ratings and Research revised FY25 GDP growth forecast to 7.1% from 6.5%. • The upgrade is attributed to strong government capital expenditure and improved …
Read MoreWhy in the news? India’s manufacturing sector records strong performance in April, with robust domestic demand driving growth, according to HSBC’s PMI survey. source:researchgate About Manufacturing Activity : HSBC India Manufacturing PMI indicates slight easing in April but remains at 58.8, marking the second-best improvement in 42 months. New orders surge at the second-fastest pace …
Read MoreWhy in the news ? FIEO warns escalating geopolitical tensions could decrease global demand, impacting India’s exports; urges government support for exporters’ liquidity. source:slideserve About Impact of Geopolitical Uncertainties on Exports: FIEO, the apex exporters’ body, warns of potential repercussions on India’s exports due to escalating geopolitical tensions worldwide. The ongoing Russia-Ukraine conflict has already …
Read MoreWhy in the news? “India’s Finance Ministry reports global economic rebound, easing food inflation, and positive domestic indicators for March 2024.” source:medium About the Global Economic Outlook: The Finance Ministry of India highlighted a positive global economic trend, with major economies experiencing growth rebounds, which could benefit India’s economy. Despite concerns over high food inflation …
Read MoreWhy in the news? ADB projects India’s GDP growth at 7% in 2024-25, with retail inflation expected to ease; downside risks include global shocks. About ADB’s Economic Projections: The Asian Development Bank (ADB) predicts India’s GDP growth to slow from 7.6% in 2023-24 to 7% in 2024-25, before rebounding to 7.2% in 2025-26. Retail inflation …
Read MoreWhy in the news? Global trade is set to rebound in 2024, with increased consumption demand in advanced economies, despite lowered growth forecasts. Source:eduprep About Global Trade Outlook: The World Trade Organisation (WTO) forecasts a rebound in global trade volumes in 2024. Consumption demand is set to increase in advanced economies, driving growth after a …
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