Current Affairs ESI Note

Topic Tag
PHASE I + II
The Indian Economy a Review: January 2024 ESI – Reports and Indices
PHASE I
India Mother of Democracy GA – Miscellaneous
UNESCO World Heritage List GA – Places in News
SADA TANSEEQ GA - Defence
Rohan Bopanna GA – Persons in News
Dr. Nitya Anand GA – Persons in News
RELEVANT FOR
PHASE 1 & PHASE 2
• Report Name: The Indian Economy, A Review January 2024.
• Released by: Department of Economic Affairs
Three Main Challenges highlighted
• Reliance on Global Supply as global economy is struggling to
maintain recovery post Covid 19 as successive shocks have
buffed it.
• Advent of Artificial Intelligence poses growth for service sector,
technology might remove the advantage of cost
competitiveness.
• Energy transition challenge concerns over rising a temperature
have led to a single minded focus of reducing carbon emission.
1. India's gross domestic product (GDP) would grow faster than 7.2%
in FY24 with third straight year when the Indian economy would
grow by more than 7%.
2. India has taken the overall public sector capital investment from
₹5.6 lakh crore in FY15 to ₹18.6 lakh crore in FY24.
Financial Sector
1. Non Food credit excluding personal loan is growing at double digit.
2. Under PM Jan Dhan Yojana, women bank account holders have
increased from 53% in 2015-16 to 78.6% in 2019-21.
3. Fiftyone crore bank accounts under Jan Dhan Yojana now have
total deposits of over ₹2.1 lakh crore.
4. In Dec. 2019, household financial assets were 86.2 per cent of GDP;
liabilities were 33.4 per cent of GDP which has enhanced to 103.1
per cent and 37.6 per cent in March 2023.
5. Net Financial Assets of households were 52.8 per cent of GDP in
Dec. 2019, and by March 2023, it had improved to 65.5 per cent of
GDP.
Women Participation
1. The female labour force participation rate (LFPR) hiked from 23.3% in 2017-
18 to 37% in 2022–23.
2. The female Gross Enrolment Ratio (GER) in higher education has quadrupled
from 6.7% in FY01 to 27.9% in FY21.
3. GER has more than doubled from 24.5% to 58.2% between FY05 and FY22. .
Key Achievements
1. India has moved from the 10th largest economy of the world to the 5th
largest economy of the world.
2. India is the third-largest fintech economy in the world, after the USA and the
UK.
3. India has become the fourth-largest stock market overtaking Hong Kong to
in the world.
Lessons from the growth experience till 2014
• Indian economy transitioned from a closed economy to an open economy.
• Indian Economy transitioned from the dominance of public investment to
the co-existence of public and private investment.
• Technology began to be identified as a key growth driver
RELEVANT FOR
PHASE 1
• Announced by: Indira Gandhi National Centre for the
Arts (IGNCA).
List of UNESCO World Heritage
• It includes 12 component parts, representing forts and Sites in Maharashtra:
✓ Ellora Caves (1983)
military structures (11 in Maharashtra and Gingee Fort in
✓ Ajanta Caves (1983)
Tamil Nadu). ✓ Elephanta Caves (1987)
✓ Chhatrapati Shivaji
Maharaj Terminus (1997)
✓ Victorian Gothic and Art
Deco Ensembles of
Mumbai (2018)
✓ Western Ghats (2012) –
Natural Category
• Rohan Bopanna along with his partner Matthew Ebden
won the men’s doubles.
• It was his maiden Grand Slam men's doubles title
victory.
• Recently achieved the World No. 1 ranking in ATP
men's doubles
• Other Achievements
• Recently awarded Padam Shri by the government of
India.
• Mixed doubles title at the 2017 French Open with his
partner Gabriela Dabrowski.
Oldest ever female grand slam winner to date is Serena Williams.

About Saheli:
• Introduced in 1986
• First and only once-weekly, non-steroidal, non-
hormonal oral contraceptive pill.
• Incorporated into the National Family Programme
of India in 2016
Let’s Practice
ESI REPORTS AND INDICES
Q1. Consider the following statement with respect to "The Indian Economy, A
Review January 2024" and identify the correct statements:
1. India's GDP is projected to grow faster than 7.2% in FY24, marking the third
consecutive year of growth above 7%.
2. Public sector capital investment in India increased from ₹5.6 lakh crore in
FY15 to ₹18.6 lakh crore in FY24.
3. The female labor force participation rate (LFPR) increased from 23.3% in
2017-18 to 27.9% in 2022–23.
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2, and 3
E. None of the above Answer: Option A
GA GOVERNMENT SCHEMES
Q.2 Dr. Nitya Anand, known for developing India's first oral
contraceptive pill 'Saheli,' was recognized for his contributions with
which prestigious award?
A. Bharat Ratna
B. Padma Bhushan
C. Padma Shri
D. Padma Vibhushan
E. None of the above
Answer: Option C
GA PLACES IN NEWS
Q3. Which theme did the Ministry of Culture's Tableau, which won the first
spot at the 75th Republic Day Parade 2024, showcase?
A. Unity in Diversity
B. India: Land of Heritage
C. India: Mother of Democracy
D. Digital India
E. Freedom Struggle
Answer: Option C
GA Homework Question PLACES IN NEWS
Q4. Which of the following statements are true regarding the "Maratha
Military Landscapes of India" nominated for UNESCO World Heritage
recognition?
A. The nomination includes 15 forts and military structures across
Maharashtra and Tamil Nadu.
B. Gingee Fort, a part of the nomination, is located in Maharashtra.
C. All 12 component parts of the nomination are protected by the
Archaeological Survey of India.
D. This is the first cultural property from Maharashtra to be nominated.
E. The Maratha Military Landscapes were developed between the 17th
and 19th centuries by the Maratha rulers.
ESI Homework Question REPORTS AND INDICES
Q5. Evaluate the following statements from "The Indian Economy, A

Review January 2024“ and choose the incorrect one:
1. India has overtaken Hong Kong to become the fourth-largest stock
market in the world.
2. The female Gross Enrolment Ratio (GER) in higher education
increased from 6.7% in FY01 to 27.9% in FY21.
3. India is currently the second-largest fintech economy globally.
A. 1 and 2 only
B. Only 3
C. 1 and 3 only
D. Only 2
E. 1, 2, and 3

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Oldest ever female grand slam winner to date is Serena Williams.

Q5. Evaluate the following statements from "The Indian Economy, A

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