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Syllabus: GS-3- Indian economy , RBI and the functioning of RBI Focus : The RBI’s Monetary Policy Committee (MPC) has chosen to maintain the benchmark policy repo rate at 6.5%. This decision marks the seventh consecutive meeting where the rate remains unchanged. Source- RBI RBI’s Monetary Policy Decision: The above decision was supported by food …
Read MoreWhy in the news? Services PMI survey signals the strongest growth in activity since 2010, indicating a robust expansion in the service sector. source:magzter Highlights of the Surge in Services: HSBC’s March survey indicates that sales and business activity in the services sector experienced the quickest expansion in over 13 and a half years. The …
Read MoreSyllabus: GS 3 : Government budgeting Focus: India’s CAD has seen a notable decline, dropping from 2% of the GDP in Q3 2022-23 to a mere 1.2% in Q4 2023-24. Source: IE Significance: CAD serves as a pivotal indicator, reflecting a country’s external economic balance. A higher CAD often triggers concerns about potential rupee depreciation. …
Read MoreWhy in the news? China and India’s economic comparison, highlighting the significance of per capita GDP growth for individual prosperity and national development. source:IE About the Per Capita GDP Focus: China’s sustained growth led to its per capita GDP crossing $10,000 by 2019, showcasing the importance of individual prosperity. India’s growth, though steady, has been …
Read MoreWhy in the news? Piyush Goyal emphasises negotiating FTAs on India’s terms. Plans local development initiatives and improving public education. source:slideserve About the Negotiating FTAs: Piyush Goyal emphasises negotiating FTAs on India’s terms, leveraging the country’s growing economy. Highlights the importance of long-term sustainability and protecting domestic interests. Stresses the need for transparency and balancing …
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