RBI Grade B 2019 Notification – Admit card Released for Phase I Exam

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How do you know the number of questions you attempted?

https://www.financialexpress.com/industry/banking-finance/rbi-employees-2-day-mass-leave-programme-deferred/1301414/

GDP growth trend ...

RBI status at the end of Aug 2018... https://docs.google.com/drawings/d/1W5ANDcP0DX3JB1aIf_tq8uWCjzp5_1OrRGaVX-XFSR8/edit?usp=sharing

In news , RBI advised Banks (excluding RRBs) with over 10 branches to have internal ombudsman. UN agency study, 'Drinking Water, Sanitation and Hygiene in Schools: 2018 Global Baseline Report,' says that good hygiene facilities in schools provide the basis of a healthy learning environment.

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Hi guys, how much you are getting in phase 2 OB mocks?

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Essay on Trade War and its impact on Indian economy (Mark out of 40)


Guys please give your feedback. 


  

After years of imperialism by western nations, finally world is aiming towards reducing the inequality between developed and developing nations. Multilateral trade is one of the main catalyst through which developed nations give a hand to developing and least developed nation to come out of its miseries. However, there is a rising trend of protectionism among few nations which has put the world trade in jeopardy.  Whether this trend has any impact on India’s growth or not and what are its complications needs deeper insight.


The 1991 reforms has changed the path of India’s external relations  by increasing its trade to GDP ratio close to 50% . With government opening up various sectors for FDI to supplement its growth demands, trade has become one of the key areas of the government. However, the two world powers US and China are moving in the opposite direction. US, in order to reduce its growing trade deficit and its “American first” policy, has imposed duties, in the name of “Safeguard” on a number of items mostly from China and on India as well. It has its political factor as well to sustain its dominance and to suppress the rapid growth of China becoming super power.  China and India on the other hand has retaliated by imposing duties on US imports thereby initiating a full fledged trade war.

This will impact the recovery of world economy after the financial crisis. Duties imposed by US will affect us also by  dumping of items such as steel by other nations thereby affecting the local producers. Further, India has a trade surplus with US and imposition of duties will affect its exports thereby increasing the trade deficit. It will reduce the authority of WTO, which is already facing multiple pressures for siding with. Meanwhile, India can make use of this trade war by reengineering its trade partners. The government should focus more on South east nations by galvanising the “Act East Policy”. Also it should try to grab the opportunity by improving the export of Chinese dominated sectors such as textiles and apparels.

Economic survey has pointed out that India has already lost the advantage of Hyper globalisation. With trade wars and protectionism in rise, the government should carefully place its trade agreements and focus more on Regional cooperation to sustain its growth.

  • 25-30
  • 35+
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  • 20-25
  • 10-20

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