ENLIGHTENED MINDS_Inspiring Excellence

  Ukraine-Russia Conflict- How Indian Economy will be affected? The Impact of Ukraine- Russia conflict on Indian economy 1. Inflation 2. Exchange Rate 3. Crude  Impact on Imports 1. Thermal coal and gas imports  2. Critical Defence Equipment 1.  Inflation As there is an increase in oil prices, this will also affect freight movement. In addition, this will cause an increase in the cost of food items like vegetables, fruits, pulses, oil, etc. The Ukraine-Russia conflict will also increase  inflation  in India. So, if there is a rise in inflation, it may rise beyond the projected figures of RBI, and they will be forced to increase the rates. 2.  Exchange Rate If the Ukraine-Russia conflict continues, the  exchange rate  will be affected, and the rupee may depreciate further. This can cause a rise in the country’s total trade spending. 3.  Crude  Brent crude oil prices are expected to rise to $105 per barrel, according to  commodit...

Impact of Plastic Waste   §   Economic Losses:  Plastic waste along shoreline has a negative impact on tourism revenue (creates an aesthetic issue). o    For example, the Andaman and The Nicobar Islands, are under the plastic threat and facing the aesthetic issue because of the  international dumping of plastic waste   at the island. §   Implications for Animals:  Plastic wastes have profoundly affected animals in aquatic, marine, and terrestrial ecosystems. o    PLASTIC INJESTION   upsets or fills up the digestive systems of the animals thus contributing to their death due to intestinal blockage or starvation. o    Marine animals can also be  trapped in plastic waste  where they are exposed to predators or starve to death. o    The plastics may also contain  toxic chemicals  which can harm the animal’s vital organs or biological functions. §   Implications for Human He...

  Suggestions for Inclusive growth in India I ndia lags behind many Human development indicators. India’s economic growth is not benefitting the poor. There is a need to create a new framework for measuring the inclusiveness of growth. Why India’s Economic growth is not inclusive? One, Rising hunger:  According to the  Global Hunger Index 2020  India ranks  94 th   amongst 107 countries. Two , Indian citizens are amongst the least happy in the world. According to the  World Happiness Report of  the  UN Sustainable Development Solutions Network,  India ranks  144 th   amongst 153 countries. Three , the Pandemic has increased the inequality gap further by pushing many poor people into poverty. According to a  World Bank report , during the pandemic the very rich became even richer. Whereas the number of poor people in India (with incomes of $2 or less a day) is estimated to have increased by 75 million. Four, unsustainable e...

Global gender Gap Report-2021   India has fallen 28 spots to rank 140th among 156 countries on the World Economic Forum’s Global Gender Gap index. In 2020, India had ranked 112th among 153 countries on the index. About Global Gender Gap Report  It was first published in 2006 by World Economic Forum The Global gender gap index is a part of this which measures gender equality across four pillars– they are economic opportunity, political empowerment, educational attainment and health and survival. The highest possible score is 1 (equality) and the lowest possible score is 0 (inequality). Highlights of the 2021 report India’s Scenario Economic participation:  India’s gender gap on this dimension widened by 3% this year, leading to a 32.6% gap .The share of women in professional and technical roles declined further to 29.2%. Income:  The estimated earned income of women in India is only one-fifth of men’s, which puts the country among the bottom 10 globally on this indica...