Harnessing India’s Demographic Dividend for Sustainable Economic Growth
Context: India is the fastest-growing major economy, and its demographic advantage is a key driver of this rise. With a median age of 28 years and 63% of the population in the working-age group, India stands at a pivotal moment where it can leverage this young, dynamic population to fuel long-term economic growth. However, challenges like low labor force participation, skill […]
India Promotes Digital Public Infrastructure at G20 Presidency
Context: India utilized its presidency of the G20 to champion Digital Public Infrastructure (DPI) as a crucial mechanism for promoting inclusive and sustainable development. This initiative underscores the country’s commitment to leveraging technological innovation to drive developmental agendas on a global scale. Relevance: GS III: Indian Economy Dimensions of the Article: About Digital Public Infrastructure […]
India’s Role in Addressing Labor Mismatch
Context: The global labor market is increasingly facing shortages due to an aging workforce and demand for new skills. This issue is particularly relevant to India, where the demographic dividend presents an opportunity, but also a challenge, to ensure that the workforce is equipped with the necessary skills for both domestic and global employment markets. Relevance: General […]
India Surpasses China in MSCI Emerging Markets Investable Market Index
Context: India has recently surpassed China in terms of weight within the MSCI Emerging Markets Investable Market Index (IMI), marking a significant milestone as it becomes the largest country by weight in this index for the first time. However, China continues to lead in the MSCI Emerging Market Standard Index. The MSCI EM IMI is […]
World Bank Raises India’s GDP Growth Forecast
Context: The World Bank has updated its economic growth projection for India in fiscal year 2025, increasing the GDP growth rate to 7% from the earlier forecast of 6.6%. This upward revision is attributed to significant growth in household real estate investments and heightened investments in infrastructure. Relevance: GS III: Indian Economy Dimensions of the […]
About An Upward Tick
Context: The World Bank has revised India’s economic growth forecast for 2024 upwards to 7%, citing improvements in private consumption and rural incomes. Relevance: General Studies Paper III – Economic Development, Mains Question: Discuss the factors leading to the upward revision of India’s growth forecast by international agencies, with particular emphasis on the challenges faced by India’s […]
New Regulation in India’s Gold Market
Context: India is poised to introduce mandatory hallmarking for 9-karat gold jewelry. This regulatory change is driven by the increasing consumer demand for more affordable gold options. The hallmarking requirement is intended to guarantee the quality of the jewelry and safeguard consumers within the rapidly expanding gold market. Relevance: GS III: Indian Economy Dimensions of […]
About Gender Budget Statement
Context: The 2024-25 Budget marks a significant milestone in promoting women-led development by allocating 1% of India’s Gross Domestic Product (GDP) to the Gender Budget Statement (GBS) for the first time. This allocation translates into more than ₹3 lakh crore directed towards initiatives and programs aimed at empowering women, showcasing a robust commitment to gender […]
Unified Lending Interface
Context: The Reserve bank of India to launch Unified Lending Interface platform that will benefir borrowers. Relevance: GS3-Indian Economy Dimensions of the Article: About Unified Lending Interface: About UPI: Positive Impacts of UPI: Negative Impacts of UPI: -Source: The Indian Express
About Multidimensional Vulnerability Index
Context: The UN General Assembly has introduced the Multidimensional Vulnerability Index (MVI) to aid Small Island Developing States (SIDS) in obtaining low-interest financing. This new measure seeks to address the unique challenges faced by these nations, particularly their high susceptibility to climate change impacts, despite having relatively higher GDPs per capita which previously excluded them […]