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Neelkanth Mishra Appointed World Bank Executive Director Why in the News ? The Appointments Committee of the Cabinet (ACC) has approved the appointment of Neelkanth Mishra as Executive Director at the World Bank Headquarters, Washington D.C., for a tenure of three years, representing India’s interests in the institution, including matters related to environmental financing and …
Read MoreTRADE, SUPPLY CHAINS AND ECONOMIC STATECRAFT Syllabus: GS 3: Indian economy and related issues. Balance of Payment . Why in the News? Rising geopolitical tensions, supply-chain disruptions, tariff wars, and strategic competition between major powers have transformed trade, technology, and economic networks into central instruments of global power politics. INDIA’S STRATEGIC AUTONOMY ● Non-Alignment …
Read MoreIntroduction The external sector of an economy encompasses all economic activities that involve foreign currency transactions. Export-import activities, which are the trade of goods and services across international borders. Foreign investment, including direct investments in business operations and portfolio investments in financial assets. External debt, which refers to borrowing from foreign lenders. Current and capital …
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