Current Affair Category: Indian Economy

Why in News- India has recently achieved a significant milestone in the Asia Power Index, surpassing Japan to become the third most powerful country. This shift is a sign of India’s growing geopolitical status, active development and rapidly growing economy. Key factors for India’s rise: Economic growth- India made rapid economic reforms after the pandemic, […]

Remember the early 2000s, when China’s entry into the WTO sparked intense debates? Some said it would lead to a new wave of economic growth, while others warned of job losses due to cheap Chinese goods flooding global markets. Fast-forward to today, and we’re witnessing a similar scenario – what many are now calling ‘China […]

The terms “China Shock 1.0” and “China Shock 2.0” refer to two phases of economic impact caused by China’s integration into the global economy, particularly its influence on other economies due to its manufacturing dominance and trade practices. China Shock 1.0 This term usually refers to the massive disruption that many Western economies, particularly the […]

Why in News ?  IMF has recently officially approved $ 7 billion Extended Fund Facility Arrangement (EFF) to  Pakistan . What is Extended Fund Facility? The Extended Fund Facility (EFF) is intended for countries facing longer-term structural economic problems, requiring more sustained reforms over a longer period to address deep-rooted balance of payments issues. Key […]

The Global Digital Compact (GDC) is an initiative proposed by the United Nations to create a shared vision for an open, secure, and inclusive digital future. The proposal, part of the broader “Our Common Agenda” report by UN Secretary-General António Guterres, aims to bring governments, businesses, civil society, and other stakeholders together to establish global […]

Why in News? Unemployment rate for persons aged 15 years and above has remained unchanged at 3.2 per cent in July 2023 to June 2024, according to the labour force survey annual report released recently. Key points of the report: The report stated that while the UR for male has shown a marginal decline from […]

 Why in News ? The term has been frequently used in news papers. Urban farming is the practice of cultivating plants and raising animals within urban areas. It’s a sustainable approach to food production that can provide fresh, local produce, reduce food miles, and create green spaces in cities. In India, urban farming has gained […]

Why in News ? It was recently presented by Economic Advisory Council to the Prime Minister(EAC-PM): Key facts about the Performance Report: The development of eastern part of the country remains a concern. The maritime states have clearly outperformed other states, with the exception of West Bengal. Although Bihar’s relative position has stabilized in the […]

Why in News? American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak. Will the Federal Reserve cut interest rates fast enough to deliver a ‘soft landing’? What […]

The global value chain (GVC) refers to the full range of activities that companies and workers engage in to bring a product or service from its conception to its end use and beyond. These activities include design, production, marketing, distribution, and support services that are geographically dispersed across different countries. The concept highlights how production […]