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7th July 2022 (7 Topics)

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7th July 2022

QUIZ - 7th July 2022

5 Questions

5 Minutes

Mains Question:

Q1. Discuss the challenges pertaining to the reservation policies in the country. Also suggest measures to ensure that the needy receive the support they actually need. (150 words)

Approach

Introduction- current reservation policy of India
Need of the policy
Challenges/Issues
Conclude accordingly

Editorials

Understanding the all-time high in India’s trade deficit

Economy

Context

Having crossed a record $400 billion mark in 2021-22, India’s exports have moderated in the first quarter of this year, with May and June clocking upticks of 20.6% and 16.8%, respectively, slowing from a 30.7% rise in April. Sequentially too, overall goods exports declined for the third month in a row in June, even as imports continued to rise sharply, triggering fresh peaks for India’s monthly trade deficit.

How has the merchandise trade balance changed in recent months?

Trend in Exports- Total goods exports in 2021-22 amounted to $422 billion, up sharply from the pre-COVID levels of $313 billion in 2019-20. This was the highest ever export number, and marked the first time in years that an official export target ($400 billion) was not only met, but surpassed.
Trend in Imports- Imports hit a fresh high of $613 billion, compared to $394 billion in the pandemic affected previous year and $475 billion before that.
Trade Deficit- The trade deficit thus stood at $191 billion, nearly double of 2020-21.The chasm between exports and imports has widened in the first quarter of this year, with the cumulative trade deficit already hitting $70 billion, translating into an average of $23.3 billion a month.

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GS Analyst: Daily Current Affairs

7th July 2022 (7 Topics)

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GS Analyst: Daily Current Affairs

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