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Why in the News ? India’s total exports of goods and services grew by 5.5% in FY 2024-25, reaching a historic $820.93 billion despite global uncertainties. Merchandise exports and non-petroleum shipments showed positive trends, though trade deficit widened due to higher imports. Export Growth Overview: India’s total exports (goods & services) grew by 5% in …
Read MoreWhy in the News ? Urban consumers are concerned about stagnant incomes amid rising commodity prices, leading to increased spending. Despite improved job prospects, pessimism persists about the overall economic situation, with many struggling to meet their financial needs. Income Stagnation Amid Rising Job Optimism: A significant share of urban consumers remains optimistic about job …
Read MoreWhy in the News ? The US has sanctioned UAE-based Indian Jugwinder Singh Brar and his four companies for allegedly aiding Iran’s oil trade. This action is part of Washington’s ongoing “maximum pressure” campaign aimed at disrupting Iranian oil exports and related networks. Who Was Sanctioned and Why ? The US Treasury’s Office of Foreign …
Read MoreWhy in the News ? India secured the 10th position globally in private AI investments, with $1.4 billion in 2023, according to UNCTAD’s Technology and Innovation Report 2025. The country also improved to 36th in the Frontier Technologies Readiness Index. Global AI Investment Rankings: India’s Rising Position: According to the 2025 Technology and Innovation Report …
Read MoreWhy in the News ? The Lok Sabha has passed the Coastal Shipping Bill, 2024, to regulate trade vessels in Indian coastal waters. The Bill aims to promote domestic fleet ownership, enhance national security, and boost India’s maritime economy through indigenous participation and global best practices. Key Highlights of the Coastal Shipping Bill, 2024: The …
Read MoreWhy in the News? PM Modi’s remark: During a conversation with podcaster Lex Fridman, PM Modi referred to Vicharpur village (Shahdol, Madhya Pradesh) as ‘Mini Brazil’. Recognition of football culture: He highlighted that every family in Vicharpur has been playing football for four generations. Mention in Mann Ki Baat: The village was also discussed in …
Read MoreSyllabus: GS – 3- Poverty estimation, Human development , economic development Focus : The article critically examines whether poverty in India is being underestimated by exploring the challenges with poverty definitions, methodologies, and data collection practices. It analyzes urban-rural poverty trends, critiques multidimensional poverty indices, and discusses the need for a clear methodology for poverty …
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