Current Affair Category: Indian Economy

 Why in news ?  In a first, the Reserve Bank of India (RBI) has announced that it will conduct daily variable rate repo (VRR) auctions on all working days in Mumbai, until further notice. The liquidity deficit in the banking system has exceeded Rs 2 trillion in the past few days. According to the latest […]

India’s path to becoming the world’s leading startup ecosystem is driven by several factors: Explosive Growth of Startups India now has over 1,30,000 recognized startups, up from approximately 400 in 2015-16. Startup funding grew 15 times, with the number of investors increasing nine-fold and incubators growing seven-fold. Strong Digital Public Infrastructure India’s digital infrastructure addresses […]

Significant Economic Losses: India suffered economic losses exceeding ₹1 lakh crore ($12 billion) in 2023 due to natural catastrophes. This was well above the 10-year average (2013-2022) of $8 billion, according to Swiss Re’s report. Major Disasters in 2023: Tropical Cyclones: Cyclone Biparjoy (June 16, 2023): Made landfall in Kutch, Gujarat as a Category 3 […]

NITI Aayog’s success is deeply connected to individual leadership, with strong advocacy for lateral entrants. Leaders like Mr. Amitabh Kant and Dr. Rajiv Kumar supported lateral entry, enhancing research and policymaking. Think Tank Model Challenges: The think tank model can struggle with bureaucratic challenges and relies on leadership. Lateral entrants, including sector experts and policy […]

Revision in Gold Import Figures: The Ministry of Commerce and Industry revised November 2024 gold import figures from $14.8 billion to $9.9 billion, a reduction of $5 billion. This correction narrowed the goods trade deficit for November from $38 billion to $33 billion. Double Counting Error: The error inflated November gold import volumes to 180 […]

GDP Growth Seen at 4-Year Low of 6.4% on Weak Manufacturing and Investment Explanation: India’s real GDP growth for FY25 is projected to be 6.4%, which marks a four-year low. This decline is attributed to sluggish growth in manufacturing and investments. Both sectors are expected to grow at lower rates compared to the previous fiscal […]

Why in News ? After worsening in the aftermath of the Covid-19 pandemic in 2020-21, income inequality in India has reduced in 2022-23. Key Points: 1. Post-Pandemic Income Inequality Trends: Income inequality, worsened by the Covid-19 pandemic in 2020-21, has reduced in 2022-23, reflecting effective post-pandemic recovery measures. The Gini index improved from 0.506 in […]

Why in News?  Recently, the EIC initiated a gap assessment study to evaluate the food testing infrastructure for exports, identifying any shortcomings in facilities and processes that may impact the quality assurance of exported goods. About EIC: The Export Inspection Council (EIC) is a statutory body set up by the Government of India under the […]

Centre for Monitoring Indian Economy (CMIE): The Centre for Monitoring Indian Economy (CMIE) is a leading private organization in India that provides independent economic data, analysis, and forecasts. It plays a significant role in tracking employment trends and offering insights into the Indian economy. Key Aspects of CMIE and Employment Data: 1. Employment and Unemployment […]

The Union Cabinet has approved the continuation of Pradhan Mantri Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme (RWBCIS) till 2025-26 with a total budget of ₹69,515.71 crore. Continuation of Pradhan Mantri Fasal Bima Yojana and Restructured Weather-Based Crop Insurance Scheme Approval for continuation: The Union Cabinet has approved the continuation of these […]