Current Affairs - Economy

India slipped to the fourth position in the global ranking of startup funding in 2023, experiencing a significant downturn with only $7 billion in total funding, after holding the third spot in both 2021 and 2022.

According to S&P Global's 2022 Insurance Report, LIC (Life Insurance Corporation of India) secured the fourth position globally in terms of life and accident & health reserves, with reserves amounting to $503.7 billion.

The Reserve Bank of India reported a substantial increase of $2.5 billion in India's foreign exchange reserves for the week ending November 24, reaching a total of $597.93 billion. This surge is primarily attributed to foreign portfolio flows into the debt market, reflecting a strategic move by the RBI to manage the rupee’s level.

India's fiscal deficit has reached 45% of the annual target of Rs 17.87 trillion during the period from April to October in the financial year 2023-24.

In the second quarter of FY24, women's labour force participation reached a historic high of 24%, as indicated by official data, marking a positive trend in employment for women.