Current Affairs Hub

Lakshya Sen achieved significant success in badminton during the Asian Games period, winning medals for India in men's singles competition.

# BRICS Summit 2024 - India's Primary Focus

Understanding India's strategic priorities at the 2024 BRICS summit requires analyzing the geopolitical context and India's stated objectives as chair.

Step 1: Context of India's BRICS Presidency

India assumed the BRICS presidency in 2024 with an emphasis on collaborative frameworks rather than unilateral expansion or single-issue focus. The summit prioritized building consensus among member nations (Brazil, Russia, India, China, South Africa) on global governance structures that would give emerging economies greater voice in international affairs.

Step 2: India's Core Agenda

India's primary objective was to strengthen a multilateral and inclusive global system that would reduce over-reliance on Western-dominated institutions. While de-dollarization and trade cooperation were discussed as tools, the overarching theme centered on reforming international institutions to ensure equitable representation and decision-making power for developing nations. This aligned with India's broader philosophy of promoting a multipolar world order.

Final Answer: (D) Strengthening Multilateral and Inclusive Global System

India's 2024 BRICS presidency focused on reforming global governance frameworks to be more representative and inclusive of emerging economies. The other options represent either subsidiary concerns (climate change) or specific mechanisms (de-dollarization) that supported the larger goal rather than being the primary focus.

Reliance Industries announced major investments in AI and semiconductor manufacturing as part of its vision to make India self-reliant in critical technologies.

The PM-CARE scheme (or similar government schemes in 2025) provides loans up to ₹1 crore for MSME business expansion and modernization.

India crossed the 300 GW mark in renewable energy capacity during 2024, moving closer to its 500 GW target by 2030.

Maharashtra announced comprehensive EV promotion schemes with substantial subsidies to accelerate the adoption of electric vehicles in the state.

# India's Economic Growth Projection for FY 2024-2025

India's economy is projected to grow at a moderate pace in fiscal year 2024-2025, reflecting a balance between global headwinds and domestic resilience.

Step 1: Understanding Economic Growth Projections

Economic growth rate refers to the percentage increase in a country's Gross Domestic Product (GDP) over a specific fiscal period, measured year-on-year.

Step 2: Latest Official Projections for India

According to the latest projections from India's Ministry of Finance and various international agencies, India's GDP growth for FY 2024-2025 is estimated in the range of 6.4-6.5%, representing a moderation from the previous fiscal year's performance while maintaining healthy growth momentum amid global economic uncertainties.

The expected growth rate of India's economy for FY 2024-2025 is 6.4-6.5% (Option B).

ISRO (Indian Space Research Organisation) announced Gaganyaan, India's manned space mission scheduled for 2025, aiming to send Indian astronauts to space.

Chandrayaan-3 successfully achieved a soft landing on the Moon, demonstrating India's advanced space capabilities and making India the fourth country to achieve this feat.

# India-China Bilateral Trade Volume (2024-2025)

India and China maintain one of the world's largest bilateral trade relationships, with fluctuating volumes influenced by economic policies and geopolitical factors.

Step 1: Understanding Bilateral Trade Context

Bilateral trade refers to the exchange of goods and services between two countries, calculated as the sum of exports and imports between them. India-China trade has grown significantly over the past two decades, with China being one of India's largest trading partners despite periodic tensions.

Step 2: 2024-2025 Trade Projection

According to recent economic forecasts and trade ministry reports, India's bilateral trade volume with China was expected to reach approximately 127.7 billion USD in 2024-2025. This projection reflects continued commercial engagement despite geopolitical challenges, maintaining the upward trajectory of India-China trade relations.

Final Answer: (A) 127.7 billion USD

India hosted the ICC T20 World Cup 2024, one of the most prestigious cricket tournaments, showcasing the nation's sporting infrastructure.

The Ayushman Bharat Digital Mission was expanded during 2024-2025 to improve telemedicine services and digital health infrastructure in rural and underserved areas.

India and the United Kingdom signed a comprehensive free trade agreement in 2024, aiming to enhance bilateral economic and trade relations.

India aims to recruit approximately 1.5 million ASHA (Accredited Social Health Activists) workers to strengthen community healthcare delivery across the nation.

Priyamvada Natarajan, an Indian-origin astrophysicist, received international recognition for her contributions to understanding dark matter and gravitational physics.

India's National Logistics Policy aims to reduce logistics costs by approximately 15% by improving infrastructure and efficiency in the logistics sector.

Telangana government launched an ambitious digital literacy program targeting senior citizens to ensure digital inclusion and bridge the digital divide in the state.

India strengthened its strategic partnership with Japan in 2024-2025, focusing on defense cooperation and economic ties in the Indo-Pacific.

India's G20 presidency emphasized inclusive growth, development of Global South nations, and reformed multilateralism.

Chandrayaan-3 achieved historic soft landing near the lunar south pole region in August 2023, with extended operations in 2024.