Arthik Paridrishya2024 | Drishti Ias | Government Exam Book

Drishti Ias: Your Gateway To Success In Competitive Exams. Global Economic Trends Global Economic Slowdown: After The Post-Pandemic Recovery, The Global Economy Is Facing Slowdowns Due To Factors Like Geopolitical Tensions, Inflationary Pressures, And Supply Chain Disruptions. Recession Risks In Major Economies: Key Economies Like The Us, Eurozone, And China Are Facing Potential Recession Risks Due To Higher Interest Rates, Trade Disruptions, And A Slowdown In Consumer Demand. Energy Crisis And Inflation: The Global Energy Crisis, Particularly In Europe Due To The Ukraine Conflict, Has Led To Higher Oil And Gas Prices, Contributing To Inflation Across Many Countries. Technological Advancements: The Global Economy Is Also Being Shaped By Rapid Technological Advancements Like Ai, Automation, And Green Technologies, Influencing Trade And Industrial Sectors. 2. Indian Economic Overview (2024) Gdp Growth: IndiaS Gdp Growth Is Projected To Remain Robust, With Estimates Around 6-6.5% In 2024, Driven By Strong Domestic Consumption, Government Spending, And Robust Agricultural And Services Sectors. Inflation: Inflation Remains A Concern, Particularly Due To Rising Food And Fuel Prices. The Reserve Bank Of India (Rbi) Is Likely To Maintain A Cautious Stance On Interest Rates To Manage Inflation While Supporting Growth. Monetary Policy: The Rbi May Continue With A Balanced Monetary Policy Approach, Managing Inflationary Pressures While Not Stifling Economic Growth. Employment: Employment Generation Remains A Challenge, Especially In Rural Areas. However, The Pm Gati Shakti And Pm Employment Generation Programs Are Expected To Generate Employment Opportunities. Agriculture: Agriculture Continues To Be A Critical Sector For The Indian Economy. The GovernmentS Focus On Boosting Msp (Minimum Support Price), Irrigation, And Rural Development Is Likely To Help Improve Farmer Incomes. Industrial Sector: The Manufacturing Sector Is Expected To Grow At A Steady Pace, Driven By Government Initiatives Like Atmanirbhar Bharat And The Production Linked Incentive (Pli) Scheme For Sectors Like Electronics, Textiles, And Pharmaceuticals.