economy

  • Global Economic Prospects Report 2024 Key Highlights

    Context The World Bank's Global Economic Prospects report projects global growth to hold steady at 2.6% in 2024, with a slight increase to an average of 2.7% in 2025-26. This growth rate remains below the pre-COVID-19 decade's average of 3.1%....

    Published On June 12th, 2024
  • Foreign Portfolio Investment (FPI), Benefits and Challenges

    Context: Foreign portfolio investors (FPIs) pulled out ₹14,800 crore from equity markets, driven by the outcomes of recent elections and the appealing valuations of Chinese stocks. Foreign Portfolio Investment (FPI) Foreign portfolio investment (FPI): It involves holding securities and other...

    Published On June 11th, 2024
  • Repo Rate and Reverse Repo Rate, its Impact on Economy

    Context: The Monetary Policy Committee (MPC) decided to keep the repo rate stable at 6.5%, focusing on withdrawing accommodation gradually to ensure inflation does not accelerate while still supporting economic growth. Repo Rate Latest Updates The Reserve Bank of India...

    Published On June 8th, 2024
  • Relationship Between Bonds and Bond Yield

    Context: Recently, the yield on the 10-year government bond rose sharply by 9 basis points, marking the largest increase in eight months. More In News Concurrently, the Indian Rupee depreciated by 38 paise, closing at 83.53 against the dollar, representing...

    Published On June 7th, 2024
  • Preston Curve, Problems and Controversies

    What Is Preston Curve? The Preston Curve is an empirical cross-sectional relationship between life expectancy and real per capita income. It was first described by Samuel H. Preston in 1975. It suggests that individuals born in richer countries tend to...

    Published On June 4th, 2024
  • Evergreening of Loans, Risk and Mitigation Strategies

    Context: The Reserve Bank of India (RBI) has imposed business restrictions on two Edelweiss group companies, Edelweiss Asset Reconstruction Company (EARC) and ECL Finance Ltd (ECL), due to concerns related to evergreening of loans observed during supervisory examinations. What is...

    Published On June 3rd, 2024
  • Global Unemployment Rate Drop Slightly in 2024: ILO

    Context: The International Labour Organization (ILO) has indicated that the global unemployment rate is projected to decrease marginally from 5.0% in 2023 to 4.9% this year, despite ongoing disparities in labour markets. Highlights of Global Unemployment Regional Insights United States:...

    Published On June 1st, 2024
  • Tackling Inflation in India, Policies, Challenges

    Context The Reserve Bank of India (RBI) has effectively managed consumer price inflation within its mandated range of 4% ± 2%. Strategic use of monetary policy has stabilised prices and protected consumer purchasing power. Ensuring Financial Stability and Surplus Generation...

    Last updated on June 6th, 2024 05:21 pm
  • India’s Reliance on China for Electronic

    Context: In FY24, China regained its status as India's top trading partner, a position it has held six times in the past ten years, primarily due to its high volume of exports to India. India-China Trade Dynamics Trade Imbalance: India's...

    Published On May 28th, 2024
  • Steel Production in India, India Records Positive Growth

    Amidst a backdrop of global economic slowdown, India stands out as a beacon of growth in the steel industry, recording positive growth among the world's top five crude steel producers in April 2024. According to the latest data from the...

    Published On May 25th, 2024