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TRADE, SUPPLY CHAINS AND ECONOMIC STATECRAFT Syllabus: GS 3: Indian economy and related issues. Balance of Payment . Why in the News? Rising geopolitical tensions, supply-chain disruptions, tariff wars, and strategic competition between major powers have transformed trade, technology, and economic networks into central instruments of global power politics. INDIA’S STRATEGIC AUTONOMY ● Non-Alignment …
Read MoreU.S. Tariffs and WTO Crisis Syllabus GS 3: International Trade Why in the News? Recently, the United States imposed temporary import surcharges under Section 122 after a Supreme Court ruling, while launching Section 301 probes, raising concerns about WTO rule violations and global trade fairness. Introduction Recent actions by the United States on tariffs have …
Read MoreRupee Stability Demands Export-Led Economic Rebalancing Why in the News? Despite high GDP growth, low inflation, and a manageable fiscal deficit, the Indian rupee has emerged as Asia’s worst-performing currency. Falling FDI, sustained FPI outflows, and a widening trade deficit have raised concerns about India’s overdependence on volatile capital inflows to stabilise its currency. India’s …
Read MoreChina, ASEAN Sign Upgraded Free Trade Agreement with Focus on Emissions Trading Why in News ? China and the ASEAN bloc have signed an upgraded version of their Free Trade Agreement (FTA 3.0) in Kuala Lumpur, focusing on digital economy, green growth, and supply chain integration amid rising U.S. tariffs targeting both sides. The new …
Read MoreAdapting the India-Middle East-Europe Corridor Future Why in the News? The India-Middle East-Europe Economic Corridor (IMEC), launched during the G-20 Summit 2023, faces uncertainty due to ongoing West Asian conflicts. Experts emphasize the need for adaptive strategies to sustain connectivity between India, the Middle East, and Europe amid shifting geopolitical realities and the evolving global …
Read MoreSyllabus GS 2: India and its neighborhood Why in the News? Recently, United States has imposed a 25% reciprocal tariff and an additional 25% penal levy on India’s exports, citing oil imports from Russia, potentially impacting India’s trade balance, GDP growth, and external stability. Introduction United States has recently imposed two significant trade measures against …
Read MoreWhy in the News ? Turkey recently closed the Dardanelles Strait to shipping traffic due to forest fires in the surrounding areas, highlighting its strategic importance in global maritime navigation and regional security. Recent Closure and Strategic Significance: Turkey halted shipping traffic through the Dardanelles Strait amid forest fire hazards. The strait is a key …
Read MoreSyllabus: GS Paper – 3 Banking Sector & NBFCs, Monetary Policy, Growth & Development Why in the News? The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the RBI repo rate unchanged in its latest RBI MPC meeting decision, citing a neutral stance. Despite global headwinds like reciprocal tariffs by …
Read MoreIndia’s Role Recognised in Global Food Standards Why in the News ? India’s contribution to global food regulation was lauded during the 88th Codex Executive Committee meeting (CCEXEC 88) held in Rome. India’s long-standing leadership in millet standards and new work proposals for turmeric and broccoli were particularly appreciated, highlighting the country’s role as a …
Read MoreMSMEs: Powering India’s self-reliance and global economic rise Why in the News? India’s MSME sector has emerged as a cornerstone of economic transformation, contributing significantly to GDP, employment, exports, and self-reliance. Its role in powering Atmanirbhar Bharat, enhancing global competitiveness, and expanding manufacturing makes it vital to India’s journey toward becoming a $5 trillion economy …
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