Unicorns in India Subject :Economy Section: Economy Context: India ranks third in the number of unicorns created, according to the latest Hurun Global Unicorn Index. Details: The US tops the list, with 138 start-ups, achieving a valuation of $1 billion in the same period. India has created the second-highest number of unicorns – […]
Status Report on India’s External Debt 2021-22 Subject: Economy Section: External sector Concept: The External Debt Management Unit (EDMU) in the Department of economic Affairs, Ministry of Finance, has released 28th edition of the Status Report on India’s External Debt 2021-22. India’s external debt In a cross-country perspective, India’s external debt is modest, […]
External debt Subject: Economy Section: External Sector Context: Private long-term external debt outstanding of countries identified by the World Bank as belonging to the low and middle income category more than doubled from $1.04 trillion in 2012 to $2.18 trillion in 2020. Details: Overall, the share of governments in foreign currency bond issues […]
Why is there divergence in inflation across States? Subject :Economy Section :Inflation Context: India’s economy grew at a slower-than-expected 13.5% in the first quarter of the year. Private consumption picked up, but inflation has been a dampener. But an analysis of State-wise inflation prints for this period reveals that 14 States as well […]
The UK announced continuation of safeguard duties of 25% on five steel categories till 2024, in addition to the initial list of 10 Subject :Economy Section: External sector Context: The UK announced continuation of safeguard duties of 25% on five steel categories till 2024, in addition to the initial list of 10. Details: […]
India overtakes Britain Subject: Economy Section: National Income Context:Britain has dropped behind India to become the world’s sixth largest economy. Details: US>China>Japan>Germany>UK are world top six largest countries in nominal terms The calculation is based in US dollars, and India extended its lead in the first quarter, according to GDP figures from the […]