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Syllabus: GS 3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Inclusive Growth and issues arising from it. Focus: The article discusses the current state of the Indian economy, highlighting its robust growth, challenges, and the need for sustainable and inclusive development. With recent economic data releases showing promising …
Read MoreWhy in the news? Household debt in India reaches 40% of GDP, while net financial savings drop to 5%, signalling rising financial distress. source:slideserve What is Household debt? Household debt is the total amount individuals owe creditors. Includes loans for consumer durables, housing, and personal expenses like education or medical bills. Requires fixed payments of …
Read MoreWhy in the news? RBI Governor raises concerns about unauthorised forex platforms, urges banks to enhance vigilance against illegal activities. source:slideshare Highlights of the Alerts and Cautioning: RBI Governor Shaktikanta Das addressed concerns over unauthorised forex trading platforms, urging banks to enhance vigilance against illegal activities. The RBI has been cautioning both banks and the …
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