The term “Chimerica” was coined by historian Niall Ferguson and economist Moritz Schularick in 2007 to describe the symbiotic economic relationship between China and the United States in the early 21st century. This alliance fueled global growth but also sowed the seeds of financial instability and geopolitical tension.
1. Monthly Per Capita Expenditure (MPCE) Trends 2. Urban-Rural Consumption Gap Narrows 3. Bottom 5-10% See Highest MPCE Growth 4. Shift in Spending Patterns 5. Reduced Inequality (Gini Coefficient Decline) Key Takeaways “Rural demand revival + inclusive growth mark India’s consumption story.” (Source: HCES 2023-24, MoSPI) Top 10 Important Economy Topics for UPSC Prelims 2025
Announced by: Prime Ministers Narendra Modi (India) and Keir Starmer (UK)Posted by: Ministry of Commerce & Industry, 6 May 2025 🔑 Key Highlights 💼 Social Security Exemption (Double Contribution Convention) 🤝 Strategic & Economic Significance 🌐 Mobility & Global Integration ⚙️ Regulatory Provisions 🏁 Statements by Indian Leadership 🌍 Global Outlook Reinforces India–UK partnership as … Read more
In a move that could mark a turning point in India’s monetary cycle, RBI Governor Sanjay Malhotra today announced that the Monetary Policy Committee (MPC) has cut the benchmark repo rate by 25 basis points, bringing it down from 6.25% to 6%. This is the first rate cut in over a year and comes amid … Read more
1. What is a Tariff War? A tariff war occurs when countries impose increasing tariffs (taxes on imports) on each other’s goods, leading to a cycle of retaliatory trade restrictions. This disrupts global trade, increases costs for businesses and consumers, and can escalate into broader economic conflicts. 2. Tariff vs. Non-Tariff Barriers Type Definition Examples Tariff Barriers Taxes imposed … Read more
🚀 Rapid Expansion of MSMEs 🏗️ Government’s Efforts for MSME Growth 🔑 Government Measures to Strengthen MSMEs ✅ Udyam Assist Platform (launched Jan 2023) to bring Informal Micro Enterprises under the formal sector for priority sector lending.✅ Non-tax benefits for 3 years after an MSME’s status upgrade to help in scaling up.✅ Self-Reliant India Fund … Read more
