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Foreign Remittances to India

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: ...

iTips

For Mains, the content can be used in questions related to Indian economy, forex reserves etc.
For Prelims, questions on the reports and trends in recent remittance inflows can be asked.
Extra reading: Central Bank digital currency:https://www.ilearncana.com/details/Central-Bank-Digital-Currency/3005

JUL 31

Forex Reserves

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...

JUL 23

External Commercial Borrowings (ECBs)

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...

JUL 18

India’s Defence Exports

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...

JUL 12

India’s crude oil import

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...

JUN 14

India’s Export Sector

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...

iTips

For Mains, questions on export sector can be asked in GS 3 (Economic development).
For Prelims, factual questions on the value and volume of items exported and questions on the features of various government initiatives can be asked.

MAR 28

Export Preparedness Index (EPI) 2021

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...

MAR 26

Farm exports

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...

iTips

Mains: Questions can be asked on prospects and challenges of agriculture exports in India, steps taken to boost export, their efficacy etc.
Prelims: Questions are expected on relevant statistics related to agriculture export of India, major provisions of Agreement on Agriculture (AoA) of the World Trade Organization (WTO), functions of APEDA etc.

FEB 23

Revamping SEZs in India

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...

iTips

Mains: Questions can be asked on prospects and challenges of SEZ in India, suggestions for its development etc. This content can also be used in questions related to promotion of export, development of manufacturing sector, generating employment and investment etc.
Prelims: Questions are expected on the features of SEZs in India, the SEZ Act, 2005 and its objectives.

FEB 15

ADB and AIIB

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 ...

OCT 28