Contesting the hegemony of the dollar

Contesting the hegemony of the dollar #GS-02 International Relations, #GS-03 External Sector For Mains The threat to Dollar centric trade Countries outside the West particularly the Global South are finding ways to circumvent dollar in their international trade through; Currency swap agreements; Trade in national […]

International Monetary Fund (IMF)

International Monetary Fund (IMF) #GS-02 International Organisation, #GS-03 External Sector For Prelims International Monetary Fund The International Monetary Fund (IMF) is an intergovernmental organization which currently has a membership of 190 countries. The idea for the formation of IMF was conceptualised in 1944 during the […]

Exports drop by 12.2% in 2022

Exports drop by 12.2% in 2022 #GS-03 External Sector For Prelims Trade Deficit: Trade deficit or negative balance of trade (BOT) is calculated as the difference between exports and imports when imports are higher than exports. The opposite of trade deficit is termed trade surplus […]

US and Global Trade

In U.S. actions, the worry of global trade lawlessness #GS-03 External Sector For Prelims World Trade Organization (WTO): The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates trade between nations. World Trade Organization and two Bretton Woods Institutions, IMF and World […]

Rupee trade settlement mechanism

India’s rupee trade settlement mechanism #GS-03 External Sector For Prelims: Currencies used for International Transactions: The Most Popular Currencies for International Trading are; The U.S. Dollar: The U.S. dollar, which is sometimes called the greenback, is the most traded currency on the planet. Which makes […]

India’s trade deficit

India’s trade deficit #GS-03 External Sector For Prelims Trade Deficit: Trade deficit or negative balance of trade (BOT) is the difference between exports and imports when imports are higher than exports. It can be calculated separately for different goods and services or for international transactions […]

India’s slowing exports

India’s slowing exports #GS-03 External Sector For Mains Decline in India’s Export: India’s exports declined about 7% in October compared with the same month last year. This is the first time a decline for any month was reported since February 2021. Engineering goods, which generally […]

Remittances

Remittances #GS-03 External Sector For Prelims Remittances: Remittance denotes a sum of money sent by one party to another. These days, the term typically describes the money sent by someone working abroad to their family back home. Remittance and India: In the case of India, […]