Indian Economy by Gaurav Bansal

Concept Overview Video - Dedollarization In this 15-minute video, I have simplified the concepts of dedollarization. By understanding the concept of dedollarization and its implications for India, UPSC aspirants can gain valuable insights into global economic trends and their potential impact on the Indian economy. Key Topics Covered: How the dollar achieved its dominant status The Bretton Woods Agreement The concept of the Petro Dollar Current challenges to the dollar's dominance India's stance on dedollarization Potential benefits of dedollarization for India #Indianeconomy #gauravbansal #currentaffairs #pt2024 https://www.youtube.com/watch?v=AoYHTEkczd8

Concept Overview Video - REER/ NEER In this 15-minute video, I have simplified the concepts of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER). This video provides a clear explanation of how day-to-day exchange rates are typically nominal and bilateral. However, for research and assessing international competition, we turn to more complex measures like REER and NEER. Key Topics Covered: Nominal Exchange Rate Bilateral Exchange Rate Real Exchange Rate Nominal Effective Exchange Rate (NEER) Real Effective Exchange Rate (REER) #Indianeconomy #gauravbansal #Terminology https://www.youtube.com/watch?v=UrrbipdR-hw

Rules of Origin Rules of origin” are the criteria used to define where a product was made. Those rules define the economic nationality of the goods. Determining where a product comes from is not easy when raw materials and parts crisscross the globe to be used as inputs in scattered manufacturing plants. Rules of origin are therefore needed to attribute one country of origin to each product. They are the criteria used to define where a product was made and are important for implementing other trade policy measures, including trade preferences (preferential rules of origin), quotas, anti-dumping measures and countervailing duties (non-preferential rules of origin). Impact Analysis: • Determines eligibility for preferential trade agreements and tariff benefits. • Affects competitiveness, market access, and supply chain strategies. • Compliance with Rules of Origin is critical for accessing international markets. Related Terms: Tariffs, Free Trade Agreements (FTA), Trade Policy #Indianeconomy #gauravbansal #Terminology

Mumbai and Delhi rank number 1 and 2 respectively in Agriculture start-up activity in world. The majority of new areas such start-ups are involved are as follows - 1. Artificial Intelligence, for example, AI-driven crop recommendation tool ensures optimal crop selection while AI-based disease diagnostics provides crop health analysis using computer vision. 2. Farm robotics, in areas like operations like fruit picking, planting, transplanting, harvesting, seeding, spraying, and weeding. Additionally, robots find utility in automated livestock management systems, managing tasks like weighing, incubation, milking, and feeding. 3. Drones 4. Agriculture Biotechnology 5. Big Data and Analytics

Short Note on V/U shape recovery from Covid Crisis V-shaped Recovery Definition: A type of economic recovery characterized by a sharp rise back to a previous peak after a sharp economic decline. The recovery takes the shape of a ‘V’ in the chart. Example in India: After a sharp decline in GDP during the pandemic, India experienced a V-shaped recovery with strong economic growth. Implication/Use: Indicates a quick and sustained return to pre-crisis economic levels. Such recovery is usually powered by a significant shift in economic activity caused by readjustment of consumer demand and more business investments. U-shaped Recovery Definition: An economic recovery characterized by a sharp decline followed by a period of stagnation and then a relatively moderate rise to the previous peak. It’s similar to a V-shaped recovery, except the economic recovery takes a longer period during the recessionary period. Example in India: Following the global financial crisis, India witnessed a U-shaped recovery with a prolonged period of sluggish growth before improvement. Implication/Use: Indicates a longer period of economic downturn before improvement. Generally propelled by cautious consumer and investor behavior. #Indianeconomy #gauravbansal #currentaffairs

New Borrowing Limits: Kerala vs Union of India Debate The article explores the state finances issue and the recent developments and updates regarding fiscal discipline on states to prevent debt crisis.

Rising Public Debt Levels Worldwide Global debt rose by 28 percentage points to 256 percent of GDP, in 2020, according to the latest update of the IMF’s Global Debt Database. Borrowing by governments accounted for slightly more than half of the increase, as the global public debt ratio jumped to a record 99 percent of GDP. Private debt from non-financial corporations and households also reached new highs. The debt surge amplifies vulnerabilities, especially as financing conditions tighten. Debt increases are particularly striking in advanced economies, where public debt rose from around 70 percent of GDP, in 2007, to 124 percent of GDP, in 2020. Private debt, on the other hand, rose at a more moderate pace from 164 to 178 percent of GDP, in the same period. Detailed article on this tomorrow.

Indian Economy Important PT Terms Private Placement (Start-ups) In the popular show Shark Tank, the entrepreneurs who come with presentations, offer private placements in their companies. Definition: Sale of securities directly to a select group of investors, bypassing the public offering process and hence the SEBI scrutiny and tough requirements. Role or Usage: It provides companies with a quick and efficient way to raise capital without the regulatory requirements of a public offering. Impact: Has emerged as very important mode of fund raising by start-ups, however there is limit of 200 partners only. Whereas in IPO/FPO, there is no limit on number of partners. Hence masses cannot participate through private placement. Indian Example: Private placement of equity shares in startups to venture capital firms or angel investors for early-stage funding is crucial. #Indianeconomy #gauravbansal #Currentaffairs #terms #PT2024

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Inheritance Tax Debate Summary - by Gaurav Bansal #Indianeconomy #gauravbansal #Currentaffairs #terms #PT2024