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🐎 @Evening: $1 Trillion Economy Race Has A Dark Horse

Nishtha AnushreeDec 23, 2022, 07:17 PM | Updated 07:17 PM IST
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  • China may have reported 37 million Covid cases in a day this week, 248 million people likely infected in the first 20 days of December.

  • Indian armed forces to get new weapons and equipment worth over Rs 84,000 crore as DAC cleared 24 acquisition proposals.

  • The Sensex plunged 981 points to end below the 60,000 mark on its fourth straight day of losses, NSE Nifty dropped 321 points to end at 17,807.


  • Eastern India's first Vande Bharat train to roll out between Howrah and New Jalpaiguri on 30 December.


  • Tweet screenshot

    Misleading headline by The Telegraph gave many including Congress leaders like Pawan Khera the impression that the Modi government did not find "conclusive proof of Ram Setu."

    • However, in this news article itself, the minister is quoted as, "there is some kind of an indication, direct or indirect, that those structures have existed."

  • He is also quoted as saying that satellite imagery showed “a certain amount of continuity in location through which some surmises can be drawn”, but "it is difficult to actually pinpoint the exact structure that existed there."


    • Singh said that there are certain limitations in discovering Ram Setu because "the history dates back to more than 18,000 years and if you go by history, that bridge was about 56 km long".

  • However, "to some extent, through space technology we have been able to discover pieces and islands, some kind of limestone shoals, which of course can’t be accurately said to be remnants or parts of a bridge," he further said.


  • Table showing GSDP of top 5 states

    The interesting question: The top five states by gross state domestic product (GSDP) have set the target of becoming $1 trillion economies, the question is by when?

    • Maharashtra is most likely to reach there first in 11 years, but the interesting question is who will make it second.

  • Currently, Tamil Nadu is No 2, but both Karnataka and Gujarat are pushing it hard from below, as R Jagannathan explains here.

  • Karnataka No 2? In 2021-22, Karnataka’s GSDP was less than $2 billion behind Tamil Nadu, and, if it continues to remain the startup capital and Silicon Valley of India, the state will become India’s No 2 state shortly.

    • Also, in the four years between 2017-18 and 2021-22, Karnataka's economy grew by nearly 54 per cent against Tamil Nadu's 41 per cent.


    What about UP: Uttar Pradesh was the country’s No 3 state before Covid, ahead of Karnataka and Gujarat, but just behind Tamil Nadu.

    • But the state’s high dependence on agriculture and migrant labour remittances wounded its economy much more than the rest and it is now No 5.

  • However, given its favourable demographics, ongoing heavy investments in infrastructure and proximity to the NCR, it could be the dark horse of the 2030s.


  • Farmers. 

    National Farmers Day or Kisan Divas is celebrated on 23 December, the birth anniversary of former PM Choudhary Charan Singh.

    • Today, we should note that the government failed to fulfill its 2016 promise that talked about doubling farmers' income by 2022.

  • But rather than being gloomy about the farm sector, let's look at some new trends and how technology is levelling the field for small and marginal farmers.

  • The agri-tech: According to India Brief, there are over 1,300 agricultural startups.


  • Then the other set of startups is online marketplaces that aim to revolutionise the supply chain and make markets more accessible for farmers.

  • Know more about such startups here.


  • Book cover

    About the book: While talking about Polytheism(s) Around The World, the book believes that polytheisms may well be the world’s most undervalued cultural resource.

    • It points out that by hosting a plurality of Gods, polytheistic civilisations exhibit maximum diversity in maximum solidarity.

  • The book offers an overview of continuous and revived polytheistic traditions with critical discussions of the issues affecting them and their reception, offering a basis for further study and comparison.


    • He received his doctorate in Philosophy from the New School for Social Research in 2004 for his dissertation, The Metaphysics of Polytheism in Proclus.

  • Since then, he has published regularly in academic journals and edited volumes, primarily on Platonism, the polytheistic philosophy of religion, and the theologies of several polytheistic traditions. 

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