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Why in the news? The World Economic Forum’s report forecasts a significant shift in the global labor market by 2030, driven by technological advancements, automation, and demographic changes, with millions of jobs displaced and new skills required for future employment. About Global Workforce Transformation by 2030: The World Economic Forum report, based on data from …
Read MoreSyllabus: GS 3: Indian Economy and issues related to planning and mobilization of resources. Global impact on Indian Economy Why in the News? Ruchir Sharma, a renowned investor and author, discussed 10 major economic trends for 2025 with Prannoy Roy, focusing on the US, China, and India. Key themes include the reversal of US dominance, …
Read MoreWhy in the news? Crude oil prices steadied after a rise in U.S. gasoline stockpiles and the postponement of an OPEC+ meeting, highlighting the alliance’s critical role in stabilizing global energy markets and influencing international economic trends. Overview of OPEC and OPEC+ : OPEC+ is a coalition of 22 oil-exporting countries formed in 2016 to …
Read MoreSyllabus: GS-3: Growth & Development Why in the news? Urban India’s consumption patterns are under scrutiny due to high inflation, shrinking middle-class spending power, and weak performance by FMCG and auto sectors, revealing broader economic challenges. These trends highlight concerns over stagnating growth and disparities in the recovery trajectory across consumer segments. Historical Reflection: Tughlaq …
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 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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