March 19, 2024

Indian Economy


General Studies Paper -3 Context: The United Nations Development Programme has released the Human Development Report 2023-24. About Human Development Index (HDI) The HDI is a composite index computed based on three parameters – life expectancy, education, and gross national income (GNI) per capita. Major Findings Rise in Global Ineqalities:After 20 years of convergence, the gap between the richest and poorest countries has started to widen from 2020. Rich countries are experiencing record levels of human development, while half of the world’s poorest countries remain below their pre-covid level. SDG Goal: Before the covid crisis, the world was on track to reach an....Read More

General Studies Paper -3 Context: A study conducted by the People’s Association in Grassroots Action and Movements recently highlighted the plight of more than 10,000 Indian cab drivers, gig and platform workers. Major Highlights of the Study Long working hours:Almost a third of app-based cab drivers work for over 14 hours a day, while more than 83% work more than 10 hours and 60% work over 12 hours. Reflects caste equations:It noted that social disparities make the situation worse, with over 60% of the drivers from Scheduled Castes and Tribes working for over 14 hours a day, while only 16% from the unreserved category work such....Read More

General Studies Paper -3  Context: The article highlights the issue of inadequate representation of women in Green jobs. What is a Green Job? As per International Labour Organization, it is a decent job that contributes to preservation or restoration of the environment. They can be in traditional sectors such as manufacturing and construction or in new segments linked to green energy. What is the status of women participation in green jobs market? Despite tremendous increase in India’s renewable energy capacity, women comprised only 11% of workers in the solar rooftop sector. The Annual Survey of Industries 2019-20 shows that women....Read More

General Studies Paper -3 Context: Recently, the groups of farmers asked for a legal guarantee for purchasing crops at Minimum Support Price (MSP). Minimum Support Price (MSP) It is a form of market intervention by the Central Government to insure agricultural producers against any sharp fall in farm prices. It protects the producer- farmers against distress sale during bumper production years. Current Status of MSP The Union Government sets a MSP for23 crops before the sowing period every year, based on a formula of one-and-a-half times production costs. It is implemented mostly for rice and wheat mainly because India has vast storage....Read More

General Studies Paper -3 Context: Recently, it was found that the ‘Apex Decision Making Body of World Trade Organization (WTO)’ made little progress on key issues that affect global trade on its 13the meeting. WTO (World Trade Organisation) It is the only global international organisation dealing with the rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible. Formation of WTO Predecessor: The General Agreement on Tariffs and Trade (GATT)was established by a multilateral treaty of 23 countries in 1947 after World War II. GATT was designed to provide an international forumthat encouraged free trade between member states by regulating....Read More

White Revolution 2.0

General Studies Paper -3 Context: The government’s latest Household Consumption Expenditure Survey (HCES) for 2022-23 shows milk emerging as India’s top food spend item. About The National Sample Survey Office (NSSO) under Ministry of Statistics and Programme Implementation has been conducting household surveys on consumption/consumer expenditure at regular intervals as part of its rounds, normally of one-year duration. Since 1972, NSSO has been conducting the Consumer Expenditure Survey. It is designed to collect information on consumption of goods and services by the households. Major Findings The income levels of both the Urban and Rural households have risen since the last survey, with Rural households showing a....Read More

Electric Vehicles in India

General Studies Paper -3 Context: There is a media highlight that the unsold electric two/three-wheeler vehicles will not be able to claim subsidy after expiry of Faster Adoption & Manufacturing of Electric Vehicles (FAME) II. Market Growth and Potential of Electric Vehicles in India India is witnessing a significant shift towards electric vehicles (EVs), driven by the government’s ambitious targets and increasing consumer awareness about the environmental benefits of EVs. India has set a target that by 2030, 80% of two and three-wheelers, 40% of buses, and 30 to 70% of cars in India will be electric vehicles. India offers the....Read More

General Studies Paper -2 Context: NITI Aayog has claimed that India’s poverty level has fallen to just five percent, citing the Household Consumption Expenditure Survey (HCES) 2022-23. Findings of HCES 2022-23 The urban-rural consumption divide has narrowed to71% in 2022-23 from a peak of 91% in 2004-05, so inequality is declining. Rural households spending on food has dropped below 50%of their total expenditure for the first time ever. There is a sharp rise in urban and rural consumption by over 5 timesfrom 2011-12 levels in current prices, hence India’s growth is not restricted to a few, but is very broad-based. As per the Niti Aayog’s multi-dimensional poverty index 2023,11% of the population was....Read More

General Studies Paper-3 Context: Agricultural and Processed Food Products Export Development Authority (APEDA) has created a dedicated organic promotion division for the promotion of organic exports. Organic Farming in India India occupies fifth place globally with a total area of 2.66 million hectares in organic farming. Madhya Pradesh has the largest area under organic certification followed by Maharashtra, Rajasthan, Gujarat and Karnataka. Sikkim is India’s first fully organic state, with implementing organic practices on around 75,000 hectares of agricultural land. In 2022-23, India produced around 2.9 million metric tonnes of certified organic products like oil seeds, cereals and millets, cotton,....Read More

General Studies Paper-3 Context: Recently, it is proposed to change  the pattern of economic growth in India . About Economic Growth Economic growth refers to an increase in the size of a country’s economy over a period of time. The size of an economy is typically measured by the total production of goods and services in the economy, which is called gross domestic product (GDP) GDP is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. The term economic growth is defined as the process whereby....Read More

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