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Syllabus: GS-3: Planning ,Government Budgeting, Fiscal Policy ,Monetary Policy Focus: India’s services exports are on track to temporarily exceed goods exports, marking a significant shift in the country’s export landscape. This trend highlights the resilience and growth potential of the Indian services sector amidst global economic challenges. Current Export Trends: India’s goods exports fell in …
Read MoreWhy in the news? The Indian government lifted its export ban on non-basmati white rice due to higher production, easing market restrictions, while concerns remain over possible domestic price increases. Why was the export ban lifted? The export ban was imposed last year due to a slight dip in rice production and concerns about erratic …
Read MoreWhy in the news? The Marhowra plant, a joint venture between Indian Railways and Wabtec, will start exporting Evolution Series locomotives to Africa in 2025, boosting India’s manufacturing capabilities. Expansion of Marhowra Plant: Joint Venture: Wabtec Locomotive Private Limited, a collaboration between Indian Railways and Wabtec, is enhancing the Marhowra plant’s capabilities. Export Plans: The …
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