GlobalEconomy Archives - Universal Group Of Institutions

21Jan 2025

ILO Report Highlights Trends in Migrant Workforce

Why in the news? The International Labour Organization (ILO) released the fourth edition of ‘Global Estimates on International Migrant Workers’, revealing significant contributions of 167.7 million migrant workers to the global economy and analyzing their demographic, sectoral, and geographic trends. Migration Trends and Global Workforce Representation: In 2022, international migrant workers (IMWs) represented 7% of …

18Jan 2025

UGI USER
BessentStatement EconomicSanctions EnergyCrisis Geopolitics GlobalEconomy GlobalUnity InternationalRelations OilTrade RussianOil Sanctions
7
0

Bessent’s Call for Stricter Russian Oil Sanctions

Why in the news? Scott Bessent, U.S. Treasury Secretary nominee, emphasized tightening sanctions on Russia’s oil sector to pressure Moscow over the Ukraine war. This move could significantly affect India’s oil imports and efforts to internationalize the rupee. Tighter Sanctions on Russian Oil: Scott Bessent, nominee for S. Treasury Secretary, supports stricter sanctions on Russia’s …

15Jan 2025

UGI USER
ChinaMarket ChinaTrade EconomicGrowth EconomicUpdate ExportSurge GlobalEconomy InternationalTrade TradeNews TradeSurplus WorldEconomy
7
0

China’s Record High Trade Surplus Amid Export Surge

Why in the news? China’s trade surplus surged to $992.2 billion in 2024, fueled by strong exports, particularly in high-value sectors like electric vehicles, batteries, and solar panels. This comes as the nation prepares for potential challenges from international trade policies. Key Points: Strong Export Growth: China’s exports in 2024 rose by 9%, reaching $3.58 …

08Jan 2025

UGI USER
EconomicChallenges EconomicGrowth EconomicOutlook GDPSlowdown GlobalEconomy IndiaGDP IndianEconomy IndiaUpdates PolicyReforms
6
0

India’s GDP Growth Slows: Key Challenges Ahead

Source: 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. …

28Dec 2024

Dr. Manmohan Singh’s Economic Vision and Legacy

Syllabus: GS-1: Important Personalities GS-2: Government Policies & Interventions Focus: Dr. Manmohan Singh, former Prime Minister of India, remains a key figure in India’s economic transformation, particularly for his role in liberalizing the economy in the 1990s. His legacy is often revisited due to his visionary ideas on economic reforms, inequality, and public policy. Early …

16Dec 2024

Carbon Markets: Challenges, Opportunities, and Global Relevance

Syllabus: GS-3: Conservation , Groupings & Agreements Involving India and/or Affecting India’s Interests Focus: The climate conference in Baku, Azerbaijan, approved standards to establish an international carbon market by next year, reviving discussions on carbon markets as a tool to limit global emissions and combat climate change. Understanding Carbon Markets: Definition: Carbon markets facilitate the …

14Dec 2024

UGI USER
EconomicUpdates FinanceNews GlobalEconomy GlobalTaxation InternationalTaxation MFNClause PolicyChanges SwitzerlandTax TaxAgreements TaxPolicy
7
0

Switzerland Suspends MFN Clause in Tax Agreement

Why in the news? Switzerland suspended the MFN clause in its DTAA with India, citing lack of reciprocity. Effective January 2025, this move could lead to higher taxes on dividends, impacting investments and businesses between the two countries. Suspension of MFN Clause in Tax Agreement: Switzerland has suspended the Most-Favoured-Nation (MFN) clause in its Double …

03Dec 2024

UGI USER
BRICS BRICSEconomy CurrencyWar DollarDominance Geopolitics GlobalCurrency GlobalEconomy InternationalRelations TradeTariffs Trump USPolitics
6
0

Trump Threatens BRICS with Tariffs Over Currency Alternatives

Why in the news? US President-elect Donald Trump warned BRICS countries of 100% tariffs if they replace the US dollar, provoking India’s push for rupee internationalization, amid concerns over US financial dominance and the rise of alternative currencies. Trump’s Threat to BRICS Nations: Donald Trump warned BRICS countries (Brazil, Russia, India, China, South Africa) with …

30Nov 2024

OPEC+: Balancing Global Oil Supply and Market Stability

Why 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 …

07Nov 2024

UGI USER
EconomicPolicy Geopolitics GlobalEconomy IndiaUSPartnership IndoUSRelations TradePolicies Trumponomics USIndiaTies
2
1

Trumponomics and India: Impacts of Trump’s Economic Policies on Indo-US Relations

Syllabus: GS – 2 – International relations , India-USA relations and impact on India Focus: This article explores the potential impacts of Donald Trump’s economic policies—popularly known as “Trumponomics”—on India, analyzing the effects of trade tariffs, immigration policies, monetary policies, and strategic shifts in the US’s approach to China. By examining Trump’s economic outlook and …

Tag