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Syllabus: GS 1: Population and associated issues Why in the News? India is at the peak of its demographic advantage with 67.3% of its population in the working age group (15-59 years). However, poor education, health, and nutrition threaten to derail this advantage, raising concerns about a future crisis with a skill-deficient, ageing population. India’s …
Read MoreWhy in the news? The Directorate of Revenue Intelligence (DRI) recently highlighted its achievements in combating smuggling, including significant contraband seizures and operations targeting illegal wildlife trade, drug trafficking, and customs fraud, reaffirming its role in safeguarding India’s economic and environmental security. Introduction to DRI and its Role: The Directorate of Revenue Intelligence (DRI) is …
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 Why in the news? Urban India’s consumption patterns are under scrutiny due to high inflation, shrinking middle-class spending power, and weak performance by FMCG and auto sectors, revealing broader economic challenges. These trends highlight concerns over stagnating growth and disparities in the recovery trajectory across consumer segments. Historical Reflection: Tughlaq …
Read MoreRelevance: GS – 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment; Conservation, environmental pollution and degradation, environmental impact assessment. Why in the News? India aims to achieve a $5 trillion economy and become the world’s third-largest economy in the next five years. Achieving this ambitious goal depends …
Read MoreSyllabus: GS-2: Government Policies & Interventions Focus: The growing trend of populist welfare schemes across Indian states is raising concerns about fiscal sustainability. As parties compete to offer financial handouts, it strains state budgets, undermines long-term economic growth, and hampers the development of essential infrastructure and services, prompting calls for policy reforms. Introduction: The Growing …
Read MoreSyllabus: GS-2: Government Policies & Interventions GS-3: Inclusive GrowthGrowth & Development Focus: Recent reports highlight the paradox of stagnant rural wages despite significant GDP growth in India. While the economy expands, real wages for rural workers have declined, raising concerns about the sustainability of rural livelihoods and the effectiveness of policies aimed at improving economic …
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 …
Read MoreWhy in the news? Commerce Minister Piyush Goyal announced India’s forex reserves exceeding $700 billion, highlighting the nation’s economic growth and commitment to sustainable practices during the SHRM India Annual Conference 2024. About India’s Economic Growth and Forex Reserves: Ministerial Announcement: Commerce and Industry Minister Piyush Goyal announced that India’s foreign exchange reserves have exceeded …
Read MoreWhy in the news? India’s private consumption shows signs of recovery, with increased spending expected during the festive season. However, long-term trends in key indicators remain below five-year averages. Overview of Consumption Patterns: Recent Trends: Private final consumption expenditure (PFCE) showed a significant turnaround in April-June 2024, growing by 12.4% in nominal terms, positively impacting …
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