Reports & Indices Current Affairs - 2019

This category comprises Current Affairs 2019-2020 related to various reports and indexes / indices by National and International Bodies and organizations such as World, Bank, World Economic Forum, NITI Aayog and various other educational and research organizations. We also place report highlights of various committees and commissions in this category.

Category Wise PDF Compilations available at This Link

Index of Industrial Production of November: Key Facts

The Index of Industrial Production for the month of November has been released by the Central Statistical Office, under the Ministry of Statistics and Programme Implementation.

The Index of Industrial Production (IIP) provides details about the growth of various sectors in an economy such as mineral mining, electricity and manufacturing. IIP is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period.

Key Facts about the IIP, November 2018

The IIP report of CSO makes the following observations:

  • Industrial growth unexpectedly plummeted to a 17-month low in November as a result of the post-festival season decline in manufacturing, fewer working days in the month and tighter financial conditions.
  • The Index of Industrial Production (IIP) stood at 0.47 per cent in November and the high base of last year has also contributed to the slowdown. IIP had witnessed a growth of 8.5 per cent in November 2017.
  • Manufacturing which constitutes 77.63 per cent of IIP, shrank 0.4 per cent, the Manufacturing had witnessed a robust growth of 10.4 per cent in November 2017.
  • The production of both capital goods and consumer goods saw a decline.
  • Mining expanded by 2.7 per cent in November 2018 compared with 1.4 per cent in November 2017.
  • The electricity generation rose 5.1 per cent.
  • The Production of intermediate items was down 4.5 per cent.

The Industrial growth in India is still not on a sound footing due to the high variability in industrial growth across sectors and within sectors on a month-on-month basis. It is expected that incrementally improving liquidity, normalisation after festive season related disruptions and spending tied to elections would act as a catalyst for the growth.

Month: Categories: Business, Economy & BankingReports & Indices

Tags:

Henley Passport Index

The Henley Passport Index measures the access each country’s travel document affords. The Index is based on the data provided by the International Air Transport Authority (IATA) and covers 199 passports and 227 travel destinations.

Ranking of the Jurisdictions

The Rankings of the jurisdictions based on the rankings in the Henley Passport Index are:

  • Japan retained its top spot as the world’s most travel-friendly passport due to the document’s access to 190 jurisdictions.
  • South Korea and Singapore are at joint second position offering access to 189 jurisdictions.
  • China has jumped almost 20 places in just two years, from 85th in 2017 to 69th this year.
  • India jumped two positions from 81st in 2018 to 79th this year.
  • European Union member states along with Norway and the US occupy the places behind the top three nations in the rankings.
  • The rankings of the USA and UK have continued to drop.
  • The top 5 positions are held by Japan (190 countries), Singapore, South Korea (189), France, Germany (188), Denmark, Finland, Italy, Sweden (187), and Luxembourg, Spain (186)
  • The bottom 5 positions are held by Eritrea (38), Yemen (37), Pakistan (33), Somalia, Syria (32)and Afghanistan, Iraq (30).

Observations

Christian Kalin, Chairman of the Henley & Partners’ Group who is also the creator of the index notes that the ranking is a bright spot in an increasingly isolationist world.

Open-door policies have the potential to contribute billions to the global economy, as well as create significant employment opportunities around the world. The ascent in the rankings of South Korea and the United Arab Emirates are examples of what happens when countries take a proactive foreign affairs approach, an attitude which significantly benefits their citizens as well as the international community.

Month: Categories: InternationalReports & IndicesUPSC

Tags: