Prime Minister Narendra Modi recently held a virtual interaction with Ministers and asked them to put the economy on a growth trajectory which can transform India into a global manufacturing hub especially considering China in today’s scenario. The idea is …
What’s in the news? According to the latest government data, India’s trade deficit with China fell to $48.66 billion in 2019-20 on account of the decline in imports from the neighbouring country. Exports to China in the last financial year …
Context: The United Nations Conference on Trade and Development has released its latest World Investment Report and projected that FDI to developing Asian economies could drop by as much as 45%. However, even in the midst of the COVID-19 pandemic, …
What is external debt? External debt is the portion of a country’s debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions. Governments and eligible corporations can raise loans from abroad. Components of external debt …
Context India’s exports in April 2020 contracted by 60% year-on-year. The steep decline in world trade lays bare the significance of a more digitised trading environment, with minimal manual touch points. Upgradation, digitisation, automation Globally, digitisation of procedures and lower …
Since 2012, India’s domestic production of Crude oil fell year after year. This led to an increase in imports from 81.8% in 2012 to 87.6% in 2020. It fell by 7.1% in May 2020 compared to May 2019 production. …
What’s in the news? A recent study released by Acuité Ratings & Research said India can potentially reduce its trade deficit with China by $8.4 billion over FY 21-22, which is equivalent to 17.3% of the deficit with China and …
FDI Routes in India The entry of Foreign Direct Investment (FDI) by non residents into India is regulated through two routes –automatic route and government route. Under the Automatic Route, the foreign investor does not require any approval from the …
Trade deficit is not bad: One of the main reasons why banning trade has been the first reaction is the notion that having a trade deficit. Having a trade deficit/surplus against a country doesn’t make the domestic economy weaker or …
Context: India’s foreign exchange reserves are rising and are slated to hit the $500 billion mark soon amidst the intense COVID-19 pandemic. The level of foreign exchange reserves has steadily increased by 8,400 per cent from $5.8 billion as of …