13Oct 2025

Rethinking India’s National Assets and Industrial Strategy

Rethinking India’s National Assets and Industrial Strategy Syllabus: GS -3: Industrial Policy, Infrastructure, Growth & Development Why in the News? India’s persistent dependence on imports, especially from China, has raised concerns about its industrial policy, capital goods production, and strategic vulnerabilities. The widening gap between India’s and China’s manufacturing capabilities highlights the urgent need for …

28Aug 2025

Key Economic Reforms Transforming India

India’s journey of economic reforms includes liberalization, globalization, privatization, and fiscal and financial sector improvements. These measures have driven efficiency, global integration, and sustainable growth.

09Aug 2025

India–US Trade War Escalates

Syllabus GS 2: India and its neighborhood Why in the News? Recently, United States has imposed a 25% reciprocal tariff and an additional 25% penal levy on India’s exports, citing oil imports from Russia, potentially impacting India’s trade balance, GDP growth, and external stability. Introduction United States has recently imposed two significant trade measures against …

19Jul 2025

G20 Finance Meeting 2025 – Durban Highlights

G20 Finance Ministers & Central Bank Governors Meeting – Durban, South Africa Duration: Two-day meeting in October Location: Durban, South Africa Outcome: Joint Communique and Chair’s Statement issued to boost global economic cooperation and global growth Key Themes Discussed: Global Economic Risks Ongoing wars, geopolitical tensions, and trade disruptions Supply chain vulnerabilities (due to war, …

20May 2025

Supreme Court Strikes Down Retrospective Environmental Clearances

Supreme Court Strikes Down Retrospective Environmental Clearances Why in the News? The Supreme Court recently invalidated the Centre’s 2017 notification and 2021 SOP allowing post-facto environmental clearances for projects that began without prior approval, citing violation of constitutional rights and environmental laws. Background on Centre’s Notification and SOP In 2017, MoEFCC allowed a one-time, six-month …

20May 2025

Core Inflation Trends Shape RBI’s Rate Cut Decisions

Core Inflation Trends Shape RBI’s Rate Cut Decisions Why in the News? Core inflation, excluding volatile food and fuel prices, is rising while food inflation falls. This reversal influences the Reserve Bank of India’s approach to monetary policy and potential interest rate cuts. Inflation Trends and RBI’s Focus: Inflation was mainly driven by food prices …

15May 2025

U.S. Budget Deficit Concerns Replace Tariff Worries

U.S. Budget Deficit Concerns Replace Tariff Worries Why in News ? Amid easing tariff tensions, the U.S. is witnessing renewed anxiety over its soaring fiscal deficit and debt burden, with projections showing rising deficits and strained revenue, triggering debates around tax cuts, spending reductions, and a looming debt ceiling crisis. Rising Fiscal Deficit and Debt …

14May 2025

UGI USER
economic policy India-US Trade Indian Economy International Trade Retaliatory Tariffs trade war U.S. Imports WTO Disputes
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India Plans Retaliatory Tariffs on U.S. Imports

India Plans Retaliatory Tariffs on U.S. Imports Why in the News ? India has notified the World Trade Organization (WTO) of its plan to impose retaliatory tariffs on $7.6 billion worth of U.S. imports. This move comes in response to the U.S. imposing 25% duties on steel and aluminium imports. Background of the Tariff Dispute …

05Apr 2025

US Tariffs on Uninhabited Islands Raise Eyebrows

Why in the News ? The US imposed a 10% tariff on imports from Australia-governed Heard and McDonald Islands, which have no trade activity. Experts are puzzled, calling it symbolic or erroneous, given the islands’ ecological value and status as a protected nature reserve. Background and Geopolitical Context: The US President recently imposed a 10% …

22Mar 2025

UGI USER
Currency Policy Dollar U.S. Trade Deficit economic policy Export Strategy Forex News Trade Gap Trump 2025 Trump Weaker U.S. Economy
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Trump Pushes for Weaker Dollar to Cut Trade Deficit

Why in the News ? Donald Trump argues that the strong U.S. dollar worsens trade deficits and shifts manufacturing abroad. There is speculation about a “Mar-a-Lago Accord”, similar to the 1985 Plaza Accord, to devalue the dollar and boost U.S. exports. Trump’s Concerns Over the Strong Dollar: Donald Trump has long argued that the overvalued …

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UPSC Prelims 2026 Live Paper Discussion & Detailed Answer Key Analysis