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Why in the news? India’s escalating dependence on imported crude oil, reaching a record high in FY24, impacts economy and government initiatives. source:IE About the Increasing Reliance on Oil Imports: India’s dependence on imported crude oil reached a new peak in the fiscal year 2023-24 (FY24) due to rising demand for fuel and petroleum products …
Read MoreWhy in the news? Good monsoon predictions and low base from previous year suggest agriculture sector growth exceeding 6%, according to NITI Aayog. source:slideserve About the Farm Sector Growth Outlook: Positive Predictions: NITI Aayog’s Ramesh Chand forecasts over 6% growth in agriculture and allied sectors for 2024-25. Factors Driving Growth: Favourable monsoon forecasts and a …
Read MoreSyllabus: 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 MoreRelevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? As RBI celebrates its 90th year, we acknowledge its significant role in central banking. The Reserve Bank of India was founded on April 1, 1935, as per the stipulations of the Reserve Bank …
Read MoreSyllabus: GS-3– Unemployment and related economic issues Focus : The India Employment Report 2024, prepared jointly by the Institute of Human Development (IHD) and the International Labour Organization (ILO), and released on March 26, revolves around “youth employment, education and skills.” Source:- ILO India Employment Report 2024: Key Findings The report focuses on youth employment, …
Read MoreWhy in the news? Core sector output in India surged by 6.7% in February, led by notable growth in coal, natural gas, and cement industries. source:TH Key Highlights of the Core Sector Output Growth: India’s eight core sectors witnessed a significant growth spurt of 6.7% in February, reaching a three-month high. Double-digit increases in coal, …
Read MoreRelevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? A report by the International Labour Organisation (ILO) revealed that over 80% of India’s unemployed workforce is comprised of youth. ‘The India Employment Report 2024,’ co-released by ILO and the Institute of Human …
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