ECONOMY

GS 3 – ECONOMY Context: The PM recently inaugurated WAVES 2025 (World Audio Visual & Entertainment Summit), highlighting the importance of the creative economy. About the Creative Economy: The “orange economy” refers to industries that leverage creativity, knowledge, and intellectual property (IP) to generate value. This includes sectors such as …

GS-3: Economy (Agricultural Exports, Value Addition in Agriculture) GS-3: Science & Tech (Agri-based Pharmaceuticals, Food Processing) Key Highlights India’s Position in the Global Spice Market: India is the largest producer and exporter of spices, yet its share in the $4 billion global seasoning market is only 0.7%. Current spice exports: …

GS-2: International Relations (India-U.S. Trade Relations, WTO & Tariff Issues) GS-3: Economy (Trade Barriers, Intellectual Property Rights) Key Highlights India-U.S. Bilateral Trade Talks Progress: Commerce Minister Piyush Goyal met U.S. officials in Washington to advance a bilateral trade agreement (BTA). India aims to reduce tariffs, enhance market access, and deepen …

GS-3: Economy (Trade & Growth, Services Sector, AI Disruption) GS-2: International Relations (Tariff Policies, Global Trade) Key Highlights India’s Economic Momentum: Services PMI rose to 59 in February (from 56.5 in January), indicating strong sectoral growth. Manufacturing PMI fell to a 14-month low (56.3 in February), reflecting global slowdown concerns. …

GS – 2 – Economy  Distressed employment refers to a situation where individuals are forced to accept low-paying, insecure, and informal jobs due to economic, social, or political distress. In Jammu and Kashmir (J&K), the issue is exacerbated by several factors including political instability, lack of industrialization, skill gaps, and …