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Why in the News? The U.S. has implemented new tariffs targeting major trading partners like China, Canada, and Mexico. These protectionist measures could disrupt global supply chains, impact economies, and trigger retaliatory tariffs, raising concerns about economic instability and escalating trade conflicts. Consequences of Tariff Wars Tariff wars increase production costs by raising the price …
Read MoreWhy in the News? President Donald Trump announced reciprocal tariffs on major US trade partners, aiming to reduce the trade deficit and boost domestic manufacturing. However, retaliatory tariffs, market instability, and rising economic uncertainty have raised concerns about a potential global recession. Key Announcements and Rationale: President Donald Trump announced “reciprocal tariffs” on US trade …
Read MoreWhy in the news? The rupee hit an all-time low of ₹84.852 against the dollar amid expectations of rate cuts under new RBI Governor Sanjay Malhotra, raising concerns about further depreciation. Impact of RBI Leadership Change on Markets: The bond and forex markets reacted differently to the appointment of Sanjay Malhotra as the new RBI …
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 …
Read MoreSyllabus: GS 3: Indian Economy Why in the News? Despite heavy rains that caused supply disruptions and disruption in some sectors like paint and beverages, strong rural demand could keep utilities businesses running smoothly at the second half of the financial year. Introduction Consumer goods companies experienced steady growth in the September quarter, driven by …
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