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Why in the News? Amid global trade tensions and rising protectionism, India seeks to enhance its agricultural exports by addressing trade barriers, policy restrictions, and GM crop regulations. Ongoing Bilateral Trade Agreement (BTA) negotiations with the US add urgency to export-driven agricultural reforms. Challenges in Global Trade and India’s Position: The US under Trump imposed …
Read MoreRelevance: GS 2 – Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests Why in the News? India-Qatar Trade Expansion: India and Qatar have agreed to double bilateral trade to approximately $28 billion over the next five years. Diversification Beyond Hydrocarbons: Piyush Goyal emphasized that while India and Qatar share a …
Read MoreWhy in the news? The rupee hit an all-time low of ₹84.852 against the dollar amid expectations of rate cuts under new RBI Governor Sanjay Malhotra, raising concerns about further depreciation. Impact of RBI Leadership Change on Markets: The bond and forex markets reacted differently to the appointment of Sanjay Malhotra as the new RBI …
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, …
Read MoreSyllabus: GS-3: Growth & Development Focus: China’s recent economic slowdown, with GDP growth hitting its lowest pace in six quarters, has significant implications for India. This decline has resulted in a sharp fall in Indian exports to China, raising concerns about the long-term effects on India’s trade balance and overall economic stability. Understanding the China’s …
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