Flip side of forex reserves Subject: Economy Context: The build-up in foreign exchange reserves to $610.01 billion as on July 2, an increase of around $33 billion over March 2021 and $96.8 billion on a y-o-y basis, comes amid an overall decline in India’s macroeconomic performance. The accumulation of reserves has its benefits […]

    India’s falling unemployment rate in 2019-20 Subject: Economy Context: The latest annual report of the Periodic Labour Force Survey (PLFS) has surprised everyone by claiming that the unemployment rate fell in a year when India’s GDP growth was at its weakest Concept: Major unemployment trend in India The proportion of people in the […]

    Forex reserves Subject: Economy Context: Maintaining a winning streak, the forex reserves swelled by $835 million to reach another record high of $612.73 billion in the week ended July 16, 2021, data from the Reserve Bank of India (RBI) showed. The FCA a major component of the overall reserves — rose by $463 […]

    Unemployment rate Subject: Economy Context: Labour indicators recorded an all-round improvement in 2019-20 compared with the previous two years, data released by the National Statistical Office (NSO) on Friday showed. Concept: Unemployment rate is defined as the percentage of persons unemployed among the persons in the labour force. PLFS NSO launched the PLFS […]