Current Affair Category: Indian Economy

India’s Exports to America, Imports from China Reach All-Time High in 2024: Why in News? Significant surge in India’s exports to the United States, reaching an all-time high of $34.06 billion in the first four months of FY25 (April–July 2024) Imports from China also hit a record $113.45 billion in FY24, highlighting India’s growing trade […]

Why in News? Consumer Food Price Inflation (CFPI) dropped to a three-year low of 2.7% in March, a significant decline from 3.75% in February, as per the Centre for Monitoring Indian Economy (CMIE) data. Relevance for UPSC Prelims and Mains: Prelims: Important for questions related to inflation trends, economic indicators, and CMIE reports. Topics- Consumer […]

Why in News ?  The article discusses the declining participation of women in India’s formal manufacturing sector and its implications for economic growth and gender equity. Relevance for UPSC: Prelims:  Initiatives like Tamil Nadu’s ‘Thozhi’ scheme etc Mains :Relevant for GS Paper I (Society), GS Paper II (Governance and Policies), and GS Paper III (Inclusive […]

Why in News? The Reserve Bank of India (RBI) recently conducted surveys highlighting the disparity between job availability and income growth in urban areas. The findings indicate growing concerns among urban and rural consumers about stagnant incomes, rising commodity prices, and their impact on spending and overall economic perception. Importance for UPSC Mains: GS Paper […]

Why in News?   The Scheme was recently in news. Important For Pre &  Mains: Pre – Key provisions of Schemes / other related  Schemes Mains-   Economic Development (GS Paper III): Rural Economy: Its focus on micro-enterprises and job creation ties into agriculture and rural industrialization. Use data (e.g., 20-30% food wastage reduction) to support arguments […]

Why in News?   The Reserve Bank of India (RBI), India’s central bank, has made a significant monetary policy decision. The cut in the repo rate by 25 basis points (0.25%) and the reduction of the growth projection from 6.7% to 6.5% signal a shift in the economic outlook. Why Important For UPSC? Prelims : Repo  […]

Why in News ? The Union Cabinet  has recently approved the “Modernisation of Command Area Development and Water Management (MCADWM)” sub-scheme under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). This initiative reflects the government’s ongoing commitment to improving water management and supporting farmers, especially those with small landholdings, amid challenges like water scarcity and climate […]

Why in News? The Pradhan Mantri MUDRA Yojana (PMMY) completed 10 years since its inception, and Prime Minister Narendra Modi interacted with beneficiaries to celebrate this milestone. He highlighted the success of the scheme in empowering marginalized individuals through financial inclusion and entrepreneurship support. Key Points from the News Achievements of PMMY: 52 crore loans […]

Why in News?  The approval of the Vibrant Villages Programme-II (VVP-II) by the Union Cabinet on April 4, 2025, marks a significant step in India’s efforts to strengthen its border areas. this initiative builds on the earlier Vibrant Villages Programme-I (VVP-I), focusing on comprehensive development of villages along international land borders (excluding northern borders covered […]

Why in News? US President Donald Trump recently announced the imposition of ‘reciprocal tariffs’ on imports from various countries, including India, as a measure to address trade imbalances. Unveiled on April 2, 2025, and set to take effect in phases starting April 5, 2025, this policy has triggered widespread global attention. The announcement has raised […]