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Why in the news? Recent data reveals India’s core sector contracted significantly in August, while the fiscal deficit showed improvement, highlighting mixed signals for the economy’s health and performance. Highlights about the Mixed Economic Signals for India: Core Sector Performance: In August, India’s core sector output fell by6%, showing a significant decline from the previous …
Read MoreSyllabus: GS 2: Government Policies and intetventions GS 3: Liberalization Why in the News? Recently, Chief Justice D.Y. Chandrachud stressed the importance of rule of law as the regional office of the Permanent Court of Arbitration was set up in New Delhi to boost investor confidence. Introduction Regional office of the Hague Permanent Court of …
Read MoreSyllabus: GS 3: Government Policies and intetventions Why in the News? India’s exports have been under focus due to government initiatives such as the National Logistics Policy and the PM Gati Shakti Plan, aimed at reducing the high logistics costs and for improving efficiency. Introduction Transformation in the retail landscape is going on in India, …
Read MoreWhy in the News? The Periodic Labour Force Survey (PLFS) from July 2023 to June 2024 shows that India’s unemployment rate (UR) remains unchanged at 3.2%, similar to the previous year. Despite a slight increase in agricultural workforce participation, manufacturing employment shows no growth. Workforce Participation Increases: The Labour Force Participation Rate (LFPR) rose in …
Read MoreWhy in the news? India remains Nepal’s largest trading partner. Nepal’s trade deficit reached NPR 237.45 billion by mid-September 2024-25. Nepal maintains trade relations with 145 countries but has trade deficits with over Major Trade Deficits: Nepal’s largest trade deficits are with India (NPR 144.67 billion) and China (NPR 51.80 billion). India and China are …
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