Mains > Economic Development > Indian Economy and issues > External sector
IN NEWS: India received 87 billion dollars in remittances in 2021, the top remittance recipient, and way ahead of countries like China and Mexico, according to a World Health Organisation report. REMITTANCE: ...
Preliminary > Economic Development > Miscellaneous > External sector
Why in news? From a peak of USD 642.45 billion in 2021, India’s foreign exchange reserves have dipped to USD 572.71 billion as of July 2022. That’s a fall of almost USD 70 billion in just over 10 months...
Preliminary > Economic Development > Indian Economy and Issues > External sector
Why in news? The Reserve Bank of India has relaxed norms for companies raising external commercial borrowings (ECBs) as part of a set of measures to stem the slide in the rupee. About External Commercial Borro...
Preliminary > Economic Development > Miscellaneous > External sector
Why in news? India’s defence exports touched a record Rs. 13,000 crores in the 2021-2022 fiscal. About India’s Defence Exports: India’s defence exports have reached Rs 13,000 crore in 2...
Preliminary > Economic Development > Miscellaneous > External sector
Why in news? Russia has overtaken Saudi Arabia to become India's second-biggest supplier of crude oil behind Iraq as refiners snap up Russian crude available at a deep discount following the war in Ukraine, ind...
Mains > Economic Development > Indian Economy and issues > External sector
IN NEWS: On March 21, the value of India’s outbound shipments in the financial year 2021-22 hit USD 400 billion, the highest ever. MORE ON THE NEWS: It is expected that exports will reach USD 41...
Preliminary > Economic Development > Indian Economy and Issues > External sector
Why in news? Gujarat has been named India’s top State in terms of export preparedness for the second year in a row as per the Export Preparedness Index (EPI) 2021 released by the NITI Aayog. About Export...
Mains > Agriculture > Storage, transport & marketing > External sector
WHY IN NEWS? In his address to Parliament at the start of the Budget session, President of India said agricultural exports reached a record level of Rs 3 lakh crore during 2020-21 period. Agricultural export during...
Mains > Economic Development > Indian Economy and issues > External sector
WHY IN NEWS: Finance minister Nirmala Sitharaman in her Budget speech 2021-23 said the Special Economic Zones (SEZ) Act will be replaced with a new legislation that would enable states to become partners in becomin...
Preliminary > International Relations > International Institutions > External sector
Why in news? The Government of India has applied for loans from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) to procure as many as 667 million doses of COVID-19 vaccines ...