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Syllabus: GS-2: Government Policies & Interventions GS-3: Inclusive GrowthGrowth & Development Focus: Recent reports highlight the paradox of stagnant rural wages despite significant GDP growth in India. While the economy expands, real wages for rural workers have declined, raising concerns about the sustainability of rural livelihoods and the effectiveness of policies aimed at improving economic …
Read MoreWhy in the news? Commerce Minister Piyush Goyal announced India’s forex reserves exceeding $700 billion, highlighting the nation’s economic growth and commitment to sustainable practices during the SHRM India Annual Conference 2024. About India’s Economic Growth and Forex Reserves: Ministerial Announcement: Commerce and Industry Minister Piyush Goyal announced that India’s foreign exchange reserves have exceeded …
Read MoreWhy in the news? President Droupadi Murmu, during her historic visit to Malawi, emphasised enhancing cooperation between India and Malawi in various fields. This visit marked the first-ever by an Indian President, highlighting strong economic and diplomatic ties. About India-Malawi Relations: President Droupadi Murmu highlighted the cordial and friendly relations between India and Malawi. India …
Read MoreWhy in the news? India’s Power Secretary emphasises the need for a Production Linked Incentive scheme to enhance domestic supply chains for HVDC transmission equipment amid rising project delays. Need for PLI Scheme in Transmission Sector: Proposal by Power Secretary: Pankaj Agarwal, India’s Power Secretary, emphasised the necessity of a Production Linked Incentive (PLI) scheme …
Read MoreWhy in the news? The RBI keeps the interest rate at 6.5% but shifts to a “neutral” stance, indicating potential rate cuts amid balanced inflation and growth parameters. RBI Maintains Interest Rate Current Rate: The Reserve Bank of India (RBI) has kept the benchmark interest rate at 6.5% for the tenth consecutive monetary policy review. …
Read MoreWhy in the news? India’s private consumption shows signs of recovery, with increased spending expected during the festive season. However, long-term trends in key indicators remain below five-year averages. Overview of Consumption Patterns: Recent Trends: Private final consumption expenditure (PFCE) showed a significant turnaround in April-June 2024, growing by 12.4% in nominal terms, positively impacting …
Read MoreWhy in the news? Uganda and India are enhancing their bilateral relations, focusing on cooperation in development, education, health, and technology, following high-level visits and agreements. Historical Context Uganda, known as the “Pearl of Africa,” has historical ties with India dating back to the late 19th and early 20th centuries. Indian labourers and traders migrated …
Read MoreSyllabus: GS-2: Human ResourceGovernment Policies & Interventions GS- 3: Skill DevelopmentGrowth & Development Focus: India’s focus on plugging the global skill gap has gained momentum through government-to-government agreements, enabling skilled migration. With countries like Israel, Japan, and Germany facing workforce shortages due to ageing populations, India is leveraging its vast human capital to meet global …
Read MoreMake in India has completed 10 years since its launch in 2014! 🇮🇳✨ In this video, we explore the successes, challenges, and the future of this ambitious initiative aimed at transforming India into a global manufacturing hub. From the mobile manufacturing boom to the rise in defence exports and the growth of renewable energy, India …
Read MoreSyllabus: GS 3: Indian Economy and Issues related to Planning and Growth. Changes in Industrial Policy And Effect on Industrial growth Why in the News? India’s GDP growth projection for 2024-25 is now clouded by uncertainties arising from global conflicts, climate impacts, and ongoing domestic civil unrest, which have all contributed to a less favourable …
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