IndiaEconomy Archives - Universal Group Of Institutions

25Feb 2025

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ExportGrowth GovernmentInitiatives IndiaEconomy MakeInIndia Manufacturing Reforms TextileIndustry
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India’s Textile Industry Faces Challenges, Government Pushes Reforms

Why in the News? India’s textile industry is struggling due to declining exports, rising production costs, and competition from China. The government has introduced PLI schemes, mega textile parks, and import duty reductions to boost competitiveness. Focus on sustainability and innovation for long-term growth. Challenges Facing India’s Textile Industry: The Indian textile industry is struggling …

19Feb 2025

India, Qatar to Double Trade to $28BN in Next Five Years

Relevance: 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 …

17Feb 2025

India’s Middle Class 2.0: Challenges and Growth

Syllabus: GS-2: Important International Institutions GS-3: Growth & Development Focus: The rise of India’s middle class, driven by private sector growth, especially in IT and banking, has reshaped the employment landscape. However, structural challenges remain, particularly in manufacturing, income inequality, and informal sector jobs, which need to be addressed for inclusive growth. Rise of Private …

15Feb 2025

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CurrencyReserves EconomicGrowth ForexMilestone ForexReserves IndiaEconomy IndiaFinance ReserveBankOfIndia
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India’s Forex Reserves Cross $638 Billion, Rise Continues

Why in the news? India’s forex reserves surged by $7.65 billion, reaching $638.26 billion as of February 7, marking the third consecutive week of growth. The increase was driven by foreign currency assets and gold reserves, while SDRs saw a slight decline. Significant Growth in Forex Reserves India’s foreign exchange reserves rose by $7.65 billion, …

15Feb 2025

Impact of US Reciprocol Tariffs on Global Trade and India

Syllabus: GS-2: International Treaties & Agreements, Government Policies & Interventions GS-3: Inclusive Growth, Government Policies & Interventions, Effect of Policies & Politics of Countries on India’s Interests Focus: US President Donald Trump has proposed reciprocal tariffs, ensuring the US imposes the same tariffs on imports as other countries impose on US exports. This challenges existing …

13Feb 2025

Impact of India’s Economic Policies and Global Alliances on Energy Trade

Economic Implications: The Pros and Cons India-US Energy Trade: Benefits and Challenges Pros: 1. Energy Security & Diversification – Reducing dependency on a single region ensures uninterrupted supply and mitigates risks from geopolitical tensions. 2. Reduced Price Volatility – US oil imports help buffer India from OPEC+ production cuts that often cause sharp price fluctuations. …

08Feb 2025

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Budget2025 BudgetHighlights EconomicGrowth Finance FiscalPolicy GrowthStrategies IndiaBudget IndiaEconomy Taxation TaxRelief
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Budget 2025: Balancing Tax Relief and Growth Priorities

Syllabus: GS-2: Indian Constitution , Government Policies & Interventions GS-3: Growth & Development , Planning ,Government Budgeting , Fiscal Policy , Inclusive Growth Focus: The Union Budget for FY 2025-26 announced a massive Rs 1 lakh crore tax relief for income taxpayers. The expectation is that this tax relief will boost consumption demand and push …

08Feb 2025

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EconomicGrowth FinancialGrowth IndiaEconomy IndiaNews InflationControl InterestRates MonetaryPolicy RBI RBICutsRepoRate RepoRate
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RBI Cuts Repo Rate to Boost Economic Growth

Why in the news? The Reserve Bank of India cut the repo rate by 0.25% to 6.25%, the first reduction since May 2020, aiming to stimulate growth, ease borrowing costs, and manage inflation projected to decline to 4.2% in 2025-26. Policy Decision and Implications: The Reserve Bank of India (RBI) cut the repo rate by …

03Feb 2025

Union Budget 2025: Ambitions, Challenges, and Trade-offs

Syllabus: GS-2: Indian Constitution , Government Policies & Interventions GS-3: Growth & Development ,Planning , Government Budgeting , Fiscal Policy , Inclusive Growth Focus: The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, focuses on India’s fiscal consolidation, tax reforms, and sectoral growth ambitions. However, concerns persist over the feasibility of revenue projections, execution …

01Feb 2025

India’s Economic Growth Forecast and Policy Recommendations

Syllabus: GS-2: Government Policies & Interventions GS-3: Growth & Development Focus: The Economic Survey 2024-25 forecasts India’s growth between 6.3% and 6.8% for 2025-26, citing strong economic fundamentals but acknowledging uncertainties in urban demand and investment. It emphasizes the need for deregulation, fostering trust, and indigenising key sectors to meet growth aspirations for 2047. India’s …

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