Rajasthan

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Global Economic Policy Review ​

  • Inflation Targets: Most major central banks maintained existing 2% core inflation targets, prioritizing price stability over short-term growth stimulus.
  • Interest Rate Action: The Federal Reserve held the benchmark rate steady for the third consecutive quarter, citing "persistent, albeit slowing, core services inflation."
  • Fiscal Stimulus Comparison (Q2 Projections):
    Country/BlocProjected Stimulus RatioKey Policy Driver
    Eurozone0.8% of GDPGreen Transition Investment
    China1.5% of GDPInfrastructure and Housing Sector Support
    India0.5% of GDPCapital Expenditure (CapEx) focus
  • Commodity Markets: Oil futures saw a 4% increase due to unexpected supply cuts announced by the OPEC+ coalition; supply concerns remain focused on the Strait of Hormuz.

Geopolitical Updates: South Asia and Cybersecurity ​

  • Regional Cooperation: The recent SAARC ministerial meeting concluded with agreements on cross-border digital payments infrastructure but failed to reach consensus on a unified energy grid strategy.
  • Bilateral Ties (Country X and Y): Negotiations regarding the disputed maritime border have stalled following unilateral deep-sea drilling permits issued by Country Y.
    • Focus remains on de-escalation via UN-backed maritime law tribunals.
  • Cyber Warfare Doctrine: Several nations updated their cybersecurity policy, moving from passive defense to "active deterrence." This doctrine permits preemptive cyber engagement against verifiable state-sponsored threats originating from foreign servers.

Domestic Infrastructure and Regulatory Framework ​

  • National Green Hydrogen Mission: The government allocated $2.5 billion for pilot projects across three industrial clusters over the next two years.
    • Primary Goals: Achieve 5 million metric tons per annum (MMTPA) of Green Hydrogen production capacity by 2030.
  • Data Governance Bill: Key provisions finalized include mandatory data localization for sensitive personal data and the establishment of an independent Data Protection Board for compliance oversight and penalty imposition.
  • Space Program Milestones:
    • The national space agency successfully tested the reusable launch vehicle (RLV) landing mechanism under simulated atmospheric reentry conditions.
    • The target for the manned space mission remains Q4 2025.