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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 …
Read MoreWhy 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 …
Read MoreWhy 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, …
Read MoreSource: 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. …
Read MoreWhy 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 …
Read MoreSyllabus: 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 …
Read MoreWhy 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 …
Read MoreWhy in the news? India identifies dependency on China for six critical minerals, including lithium and silicon, and outlines strategies to reduce reliance through domestic initiatives, strategic partnerships, and advanced technologies. About China’s Dominance in the Critical Minerals Sector: China dominates the critical minerals sector due to its vast reserves and investments in exploration and …
Read MoreSyllabus: GS 1: Population and associated issues Why in the News? India is at the peak of its demographic advantage with 67.3% of its population in the working age group (15-59 years). However, poor education, health, and nutrition threaten to derail this advantage, raising concerns about a future crisis with a skill-deficient, ageing population. India’s …
Read MoreWhy in the news? India’s forex reserves increased by $1.5 billion to $658.1 billion after an eight-week decline, driven by RBI interventions and fluctuating foreign portfolio investments, enhancing economic stability. Forex Reserves Surge After Eight-Week Decline: India’s foreign exchange reserves increased by $1.5 billion, reaching $658.1 billion. The surge follows an eight-week decline in reserves, …
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