Syllabus: Economy Source: IE Context: The RBI’s 2023-24 Remittances Survey reveals a historic shift: Advanced Economies (AEs) now contribute over 50% of India’s remittances, surpassing the Gulf (37.9%) for the first time. This reflects changing migration patterns and economic priorities. Key Findings of RBI’s Remittances Survey (2023-24) Dominance of Advanced Economies: USA (27.7%), UK (10.8%), Singapore (6.6%), Canada (3.8%), and Australia (3.1%) lead …
Syllabus: Economics Source: IE Context: The Economic Survey 2024-25, tabled by Union Finance Minister Nirmala Sitharaman, provides a comprehensive analysis of India’s economic performance and outlines key challenges and opportunities for sustainable growth. Summary and Key Takeaways from Economic Survey 2025: Global Economic Context: Global growth slowed to 3.3% in 2023, with IMF projecting an …
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GS Paper 3: Topics Covered: Indian Economy and issues related to planning. Context: India’s forex reserves have dropped below $600 billion, plunging by about $45 billion since September 3, 2021, when forex reserves stood at an all-time high of $642 billion. Reasons behind drop in India’s forex reserves: The drop is because of …
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