EconomicGrowth Archives - Universal Group Of Institutions

17Jan 2025

Rupee Devaluation: Causes, Impacts, and Policy Challenges

Syllabus: GS-3: Fiscal Policy, Monetary Policy, Capital Market Focus: The Indian rupee has recently experienced sharp devaluation due to rising capital outflows, increasing import costs, and a shift in RBI’s exchange rate policy, raising concerns about inflation, export competitiveness, and economic stability in a global context of financial uncertainties. Understanding Exchange Rate Dynamics: Exchange Rate …

15Jan 2025

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China’s Record High Trade Surplus Amid Export Surge

Why in the news? China’s trade surplus surged to $992.2 billion in 2024, fueled by strong exports, particularly in high-value sectors like electric vehicles, batteries, and solar panels. This comes as the nation prepares for potential challenges from international trade policies. Key Points: Strong Export Growth: China’s exports in 2024 rose by 9%, reaching $3.58 …

15Jan 2025

Number Theory: Demand, Welfare, Growth -The Budget’s Trilemma

Why in the News? The National Statistical Office (NSO) released the first advance estimates for GDP for the financial year 2024-25 on January 7. India’s economy is projected to witness a year-on-year (YoY) slowdown in GDP growth: Growth rate for 2023-24: 2% Expected growth rate for 2024-25: 4% The YoY decline may not fully reflect …

10Jan 2025

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Deendayal Port Set to Become Mega Hub Soon

Why in the news? Union Minister Sarbananda Sonowal announced plans to transform Deendayal Port into a mega port within three years, with a cargo handling capacity of 300 million tonnes annually, alongside projects like a shipbuilding cluster to boost regional growth. About Development Plans for Deendayal Port: Union Minister Sarbananda Sonowal announced that Deendayal Port …

10Jan 2025

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India’s Economy Set to Grow Amid Key Challenges

Why in the news? The UN’s World Economic Situation and Prospects report highlights India’s projected 6.6% growth in 2025, easing currency pressures, infrastructure-driven expansion, robust exports, and opportunities from untapped critical minerals amid persistent gender disparities. India’s Economic Outlook for 2025: India’s economy is projected to grow by 6% in 2025, driven by robust private …

09Jan 2025

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WEF Report: Farm Workers and Drivers to Lead Job Growth by 2030

Why in the News? The World Economic Forum (WEF) released its Future of Jobs Report 2025, predicting significant job trends by 2030. It forecasts 170 million new jobs will be created globally, while 92 million jobs will be displaced, resulting in a net addition of 78 million jobs. The report emphasizes technological advancements, demographic shifts, …

08Jan 2025

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India’s GDP Growth Slows: Key Challenges Ahead

Source: GS-2: Government Policies & Interventions GS-3: Growth & Development Focus: The Indian government has released the First Advance Estimates for 2024-25, showing a slowing GDP growth rate. Real GDP growth has declined to 4.8% CAGR since FY20, highlighting challenges like weak private consumption, sluggish investments, and negative net exports that hinder India’s economic progress. …

03Jan 2025

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India Strengthens Strategic Ties with GCC Nations

Why in the news? India is enhancing its multifaceted relationship with GCC nations, focusing on trade, energy security, defence, and emerging technologies. The India-GCC Joint Action Plan (2024-2028) emphasizes strategic partnerships, including space exploration, nuclear energy, and green hydrogen initiatives. Economic and Trade Ties: The Gulf Cooperation Council (GCC) is India’s largest trading bloc, with …

28Dec 2024

Indian Textile Industry Growth and Challenges

Syllabus: GS 3: Indian economy Why in the News? Recently, the Indian textile industry has recorded impressive growth, with exports increasing by 36.65% in four years, driven by diversity, quality improvements and increasing global demand. Introduction India’s textile sector has shown impressive strength, growing 36.65% in the last four years. Despite global economic challenges, it …

24Dec 2024

Rann Utsav: Cultural Festival Amidst Kutch’s Salt Desert

Why in the news? The Rann Utsav 2024-25, celebrating Kutch’s art, music, and traditions, is ongoing until March 2025 in the Great Rann of Kutch, attracting global visitors to India’s iconic salt desert. Cultural Extravaganza in the Salt Desert: Organized annually by Gujarat Tourism Department, Rann Utsav highlights the heritage of Kutch. Hosted in the …

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