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Asian Development Outlook (ADO) is report released by Asian Development Bank. The ADO analyses economic and development issues in developing countries in Asia. This includes forecasting the inflation and growth rates of countries throughout the region, including China and India. Highlights of the recent report are as follows According to report the Indian economy is expected to contract by 4% during the current financial year (2020-21). Earlier, in April 2020, ADB had projected India&
This report was released by the International Energy Agency (IEA). It has forecasted that India will overtake the European Union as the world’s third-largest energy consumer by 2030. At present, India is the fourth-largest global energy consumer behind China, the United States and the European Union. It is based on the forecast that India accounts for the biggest share of energy demand growth over the next two decades. India’s primary energy consumption would double as the
What is the News? The World Bank released a report titled “Traffic Crash Injuries and Disabilities: The Burden on Indian Society”. It highlights the Socio-Economic impacts of road accidents in India. Published by: World Bank in collaboration with SaveLIFE Foundation. India tops the world in road crash deaths and injuries. It has 1% of the world’s vehicles but accounts for 11% of all road crash deaths. It is witnessing 53 road crashes every hour and killing
India is partly free: US Think Tank Freedoms in India have reduced, according to a report from a U.S. thinktank, Freedom House, resulting in India being classified as ‘partly free’. India’s score was 67, a drop from 71/100 from last year (reflecting 2019 data) downgrading it from the free category last year (based on 2020 data). “The government of Prime Minister Narendra Modi and its State-level allies continued to crack down on critics during the year…,&
Mobilising Electric Vehicle Financing in India NITI Aayog and Rocky Mountain Institute (RMI) India released a new report ‘Mobilising Electric Vehicle Financing in India’, which highlights the role of finance in the India’s transition to electric vehicles (EVs) and analyses that the transition will require a cumulative capital investment of USD 266 billion (Rs 19.7 lakh crore) in EVs, charging infrastructure, and batteries over the next decade. The report also identifies
The government has questioned the methodology and data accuracy of the Global Hunger Index (GHI) report, alleging that children considered healthy were also counted to determine the ranking. India was ranked at the 94th position out of 107 countries that were studied. About Global Hunger Index: The report is a peer-reviewed publication released annually by Welthungerhilfe and Concern Worldwide. It tracks hunger at global, regional and national levels. How are Countries ranked?
The Oxfam’s Commitment to Reducing Inequality (CRI) Index, 2020 ranked India at 129 overall out of 158 countries. But the Minister of Labour and Employment has said that the index lacked clarity & the report did not take into account various initiatives taken by the government. About Commitment to Reducing Inequality (CRI) Index: It is released by Oxfam International. The index ranks 158 countries. The Index measures the policies and actions in three areas dir
The International Intellectual Property Index 2021 has been released. About International Intellectual Property Index: It is an annual report released by the US Chamber of Commerce & Global Innovation Policy Centre(GIPC). The index evaluates Intellectual Property rights in 53 global economies. These economies represent together over 90% of global GDP. It ranks countries based on 50 unique indicators. These indicators are divided across nine categories of protection: 1) Pa
The World Bank has published the World Development Report 2021: Data for Better Lives. About World Development Report: It is annual report which is being published since 1978. It gives in-depth analysis and policy recommendations on agriculture, the role of the state, transition economies, and labor to infrastructure, health, the environment, and poverty Key Features: The report highlights that most countries have shied away from an open-data p
The Global Wind Energy Council (GWEC) has released the Global Wind Report, 2021. About Global Wind Report: The Global Wind Report highlights the role of wind power on the road to net zero emissions. Key Findings of the report: The world’s capacity to generate electricity from wind jumped 53% in 2020. A total 93 gigawatts (GW) capacity was installed in the year. However, this is not sufficient for the world to reach a ‘net zero’ emission status b
Global Gender Gap Index 2021 This Index was released by the World Economic Forum since 2006. The Gender Gap Index acts as a compass to track the progress on their towards gender parity of the countries in four areas, Political Empowerment, Economic Participation and Opportunity, Educational Attainment and Health and Survival. It examines the drivers of gender gaps and outlines the policies and practices needed for a gender-inclusive recovery. The index score
The United Nations Environment Programme (UNEP) report aims to advance progress on the Sustainable Development Goal 12.3 SDG 12.3 aims at halving per-capita global food waste at the retail and consumer levels and reducing food losses along production and supply chains. This report presents food waste data collection, analysis and modelling to date, generating a new estimate of global food waste. It publishes a methodology for countries to measure food waste, at household, food ser
The National Statistical Office released the Women and Men in India report, 2020. About Women and Men in India Report, 2020: NSO produces this report annually. This is the 22nd issue in its series. The report consolidates the crucial socio-economic indicators that portray gender situations in the country. Key Findings from the Report: Population and Related Statistics: India’s projected population in 2021 is 136.13 Crore with a 48.65% female population. The proje
The United Nations Population Fund (UNFPA) recently released its report “State of World Population Report 2021” titled ‘My Body is My Own’. About State of World Population Report 2021: The State of World Population is an annual report published by the United Nations Population Fund (UNFPA). Bodily autonomy is the first time the focus of the report. It is defined as the power and agency to make choices about your body without fear of violence or having someone e
The International Food Policy Research Institute (IFPRI) recently released the Global Food Policy Report, 2021. About Global Food Policy Report, 2021: The report provides lessons drawn from the current crisis. Especially the lessons that can help transform food systems to reduce the impact of the ongoing pandemic, better prepare for future shocks, and address long-standing weaknesses and inequalities. Theme: “Transforming Food Systems After COVID-19”.
India’s 2021 economic output-below 2019 level: UN report GS-Paper-3: Economic issue and Economics Optional – UPSC PRELIMS – Mains Application Context: India, according to the 'Economic and Social Survey of Asia and the Pacific 2021: Towards post-COVID-19 resilient economies', is estimated to record an economic growth of 7 per cent in 2021-22, over a contraction of 7.7 per cent witnessed in the previous fiscal on account of the pandemic's impact on normal busin
Inclusive Internet Index 2021 has recently been releasedby Facebook. About Inclusive Internet Index, 2021 Facebook Commissions the Inclusive Internet Index, 2021, and The Economist Intelligence Unit develops the index. It seeks to measure the extent of accessibility and affordability of the Internet. Also, the internet should be able to enable positive social and economic outcomes at the individual and group levels. The index assesses the performance of 120 countries representi
The World Press Freedom Index 2021 was recently released. About World Press Freedom Index: The index is Published by Reporters Sans Frontieres (RSF) or Reporters Without Borders since 2002. The Index ranks 180 countries and regions according to the level of freedom available to journalists. However, the index neither ranks public policies and nor is it an indicator of the quality of journalism in each country or region. The index ranks 180 countries based on the followin
Workers’ income fell by 17% from March to Dec 2020 The COVID-19 pandemic has substantially increased informality in employment, leading to a decline in earnings for the majority of workers, and consequent increase in poverty in the country, according to ‘State of Working India 2021: One Year of Covid-19’, a report brought out annually by Azim Premji University’s Centre for Sustainable Employment, Bengaluru. This year’s report, which covers the period March 2
Global Gender Gap Report 2021 was released recently. Released by World Economic Forum Key takeaways India has fallen 28 places It is now one of the worst performers in South Asia, It is ranked below neighbouring countries – Bangladesh, Nepal, Bhutan, Sri Lanka and Myanmar. India’s rank: 140 among 156 countries. South Asia incidentally is one of the worst performing regions, followed only by the Middle East and northern Africa. Over
The International Monetary Fund’s (IMF) World Economic Outlook has raised its Financial Year (FY) 2021 growth forecast for India to 12.5% from 11.5% estimated earlier in January 2021. Highlights of the Report: Indian economy is expected to grow by 12.5% in 2021 and 6.9% in 2022. In 2020, India’s economy witnessed an estimated contraction of 8%. Growth rate for India in 2021 is stronger than that of China. China was the only
India has climbed 2 spots and has been ranked 46th by the World Intellectual Property Organization in the Global Innovation Index 2021 rankings. What is Global Innovation Index? It is a global ranking for countries for success in innovation. It is published by WIPO with Cornell University and INSEAD. It ranks on the basis of IPR to R&D, online creativity, mobile app, education, software spending, ease of doing business etc.
The Asian Development Bank has cut its forecast for India’s GDP growth in 2021-22 to 10%, from 11% projected earlier, with downside risks dominating the economic outlook. The ADB also sees rising input costs fuelling inflation to a faster 5.5% pace, than the 5.2% previously estimated. While the COVID-19 second wave had disrupted the recovery since the ADB’s April forecast for 11% growth, the Bank expects the economy to ‘rebound strongly in the remaining three quarters and
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