Rajasthan

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Global Economic and Political Frameworks

  • G20 Summit (New Delhi Declaration):

    • Achieved 100% consensus among all member states on the final declaration.
    • African Union (AU) Membership: The AU was permanently inducted as a member of the G20, upgrading its status from an invited international organization.
    • Digital Public Infrastructure (DPI): Agreement formalized for the establishment of the Global Digital Public Infrastructure Repository (GDPIR).
    • Economic Corridor: Announcement of the India-Middle East-Europe Economic Corridor (IMEC), focused on enhanced rail and sea connectivity.

  • International Trade & Supply Chains:

    • Discussions focused on resilience measures in critical supply chains, particularly semiconductors and rare earth minerals.
    • Emphasis placed on diversifying manufacturing bases away from single regions to mitigate geopolitical risks.

Space Exploration and Technology

  • Aditya-L1 Mission:
    • Status: India’s first space-based observatory dedicated to studying the Sun.
    • Objective: Primary focus on studying the solar corona, solar emissions, solar winds, and coronal mass ejections (CMEs).
    • Orbital Placement: Successfully placed into a Halo orbit around the Lagrange Point 1 (L1), positioned approximately 1.5 million km from Earth.
    • Key Payloads:
      • Visible Emission Line Coronagraph (VELC): Designed to study the solar corona's dynamics.
      • Solar Ultraviolet Imaging Telescope (SUIT): Used for full-disk imaging of the sun in various UV wavelengths.

Key Economic and Fiscal Indicators

IndicatorRecent Value (Q3/Month X)Trend and Analysis
CPI Inflation Rate4.8%Decline primarily driven by easing food prices, notably a significant reduction in vegetable costs.
Core Inflation4.2%Remains sticky, indicating persistent demand-side pressures in the non-food and non-fuel sectors of the economy.
Monetary Policy StanceUnchanged Repo Rate (6.5%)Focus remains on withdrawing accommodation to align inflation with the target band while supporting growth.
Fiscal Deficit Target5.9% of GDP (FY 24)Government remains committed to this target, which is essential for maintaining sovereign credit ratings and investor confidence.
Foreign Exchange ReservesIncrease to $600 Billion+Strengthened due to foreign institutional investment inflows and lower trade deficit pressure.