
12th JANUARY 2025 ENGLISH TNPSC CURRENT AFFAIRS PDF TNPSC SHOUTERS
Prime Minister Shri Narendra Modi participated in the Young Leaders Dialogue for a Developed India 2025
- The Prime Minister Shri Narendra Modi participated in the Young Leaders Dialogue for a Developed India 2025, held at Bharat Mandapam in New Delhi, on the occasion of National Youth Day, commemorating the birth anniversary of Swami Vivekananda.
- He interacted with 3,000 vibrant young leaders from across India. The Prime Minister also released a collection of the best essays written by the participants on ten topics. These themes cover various areas such as technology, sustainability, women empowerment, manufacturing, agriculture, etc.
- “While the global economy remains stable in the current year, the Indian economy is likely to weaken slightly,” said Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF).
- The global economy is expected to remain stable in 2025. However, there is a possibility of some regional volatility. In particular, the Indian economy is likely to weaken slightly.
- In the case of the United States, the economic growth is recording better than expected economic growth. The European Union has also recorded significant progress. However, Brazil is facing the impact of high inflation.
- China, considered the world's second largest economy, is facing the impact of inflation. That is, as the price of goods has decreased and purchasing power has increased, it is facing the challenge of increasing domestic demand.
- For low-income countries, even as they are making serious efforts to restore their economies, new shocks may have adverse effects on those countries. Overall, high uncertainty will persist in 2025. In particular, uncertainty in economic policies is likely to persist.
- Due to this uncertainty, the global supply chain will be affected by the impact of this on middle-income countries. It is likely to have a major impact on the Asian region. Moreover, we must admit that the high interest rates imposed to fight inflation have not pushed the global economy into recession.
- These measures have had the opposite effect. In that sense, developed countries are likely to achieve the inflation reduction target faster than emerging markets.