Current Affairs - Economy

India's Manufacturing PMI for February reached 56.9, marking its highest level in five months. This indicates robust growth in the manufacturing sector, extending its expansion streak for the 32nd consecutive month.

The NSSO survey, as highlighted by NITI Aayog CEO, reveals a poverty rate below 5% in India, showcasing a remarkable decline in poverty levels. This significant reduction signifies substantial progress towards alleviating poverty, with both rural and urban areas experiencing a notable increase in per capita spending since 2011-12.

Geeta Batra, a distinguished Indian economist, has been appointed as the Director of the Independent Evaluation Office (IEO) of the World Bank's Global Environment Facility (GEF). This significant appointment makes her the first woman from a developing country to hold this prestigious role, reflecting her expertise and commitment to environmental sustainability.

India's mineral production experienced a notable increase of 5.1% in December 2023 compared to the same period in 2022, according to data from the Ministry of Mines. This indicates positive growth trends in the mining sector during that period.

The 8th Asia Economic Dialogue will be held in Pune from February 29 to March 2. Organized jointly by the Ministry of External Affairs and Pune International Centre, this annual conference focuses on addressing geo-economic challenges under the theme 'Geo-economic Challenges in an Era of Flux'.