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Make 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 …
Read MoreWhy 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 …
Read MoreSyllabus: GS 3: Employment and Economic Growth Indian Economy and Issues. Focus: India’s jobs growth conundrum has attracted focus for the incredible rate of Gross Domestic Product (GDP) growth and the slow rate of employment generation. Talking of economic performance, it remains strong but unemployment increases as well, leading to debates on ways to encourage …
Read MoreWhy in the news? Moody’s recently revised its growth estimate for India for the year 2024 to 7%, the rate of growth could be even higher in case of increased private consumption rates. About India’s GDP Growth Forecast:About India’s GDP Growth Forecast: Revised Forecasts: Moody has also adjusted upward the GDP growth of India in …
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