economy

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...

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...

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...

Hub of Financial Crimes: Cyber Security and Types of Scams

Context: According to the Indian Cyber Crime Coordination Centre (I4C), Southeast Asian countries such as Cambodia, Myanmar, and Laos have become significant hotspots for cybercrimes, with approximately 48% of financial frauds in India originating from these nations. More In News...

Economic Capital Framework by Reserve Bank of India (RBI)

Context The Reserve Bank of India (RBI) approved the transfer of a record ₹2,10,874 crore as surplus to the Union government for the accounting year 2023-24. This transfer is more than double the ₹87,416 crore transferred in FY23. More in...

Why has India Volatility Index Surged?

Context: The India VIX experienced a significant surge of approximately 53%, reaching a peak of 21.88. What is the Volatility Index? The Volatility Index (VIX), also known as the Fear Index, measures the market’s expectation of volatility over the near...

Wholesale Price Index (WPI) 2024 Latest Data for Major Commodities

Wholesale Price Index Latest Data in 2024 The Wholesale Food Index rose at an eight-month high pace of 5.5% in April, compared to 4.65% in March. More In News Inflation surged to a 13-month high of 1.26% in April, up...

India-Iran Agreement for Chabahar Port for 10 Year and Geopolitical Challenges

Context India and Iran signed a 10-year contract for the operation of the Shahid-Beheshti terminal at Chabahar port. The agreement was signed between Indian Ports Global Ltd. (IPGL) and Iran's Port and Maritime Organisation (PMO). Strategic Importance of Chabahar Port...

India’s Top Trade Partner and Trade Deficit Concerns

Context: In FY24, China overtook the US to become India's largest trading partner, with bilateral trade totalling $118.4 billion. Comparison with the United States US Trade: India-US bilateral trade stood at $118.3 billion in FY24. Indian exports to the US...

Demographic Dividend, Important and Challenges for India

A demographic dividend is a period when the working-age population is larger than the dependent population. The working-age population is usually between the ages of 15 and 64, while the dependent population is 14 years and younger or 65 years and...