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Addapedia Editorial Analysis: Daily News Editorial Analysis 30 September 2024

Addapedia Editorial Daily News , 30 September 2024: In this Addapedia Editorial Analysis, We cover Important News Editorials from Newspapers and provide you with detailed analysis. This ADDAPEDIA Editorial Analysis will help you in understanding the National and International events Current affairs and the background of a particular topic. This comprehensive News analysis will help you in Clearing CA and Interview for many exams.

Editorials usually cover a particular topic that might be National, State or any International event which is most important to acquire brief knowledge about the event. Editorials are written by Famous news analysts, Politicians, Business analysts, Civil Servants or a person who has immense knowledge in that particular field. Knowing Editorials will not only understand the geo-political relations but also how to write and describe any particular issue which helps especially in PSC, SSC and Banks Exams.

Bridging the chasm of global inequality

(The Hindu, 30-09-24)

What were the main outcomes of the Summit of the Future?

Resulted in a Global Digital Impact initiative and a Declaration on Future Generations
Established an International Scientific Panel and a Global Dialogue on AI
Called for categories of members in Security Council reform
Pledged to give developing countries a greater say in global financial institutions

How does the article characterize the current state of global governance?

Continued imbalance in institutions and agenda-setting favoring developed countries
G-7 countries still have significant influence in shaping the global agenda
Developing countries’ concerns receive less attention
Inequality persists in key areas despite the re-emergence of China and India

What historical trends in global power distribution does the article highlight?

Shift in natural resource consumption from Western dominance to increasing Asian share
Change in GDP share, with developing countries’ combined GDP growing relative to G-7
Energy consumption patterns showing a trend towards a more equal world
Technological imbalances still favoring the West, with China and India as outliers in certain areas

What challenges do developing countries face in global governance?

Limited ability to set the global agenda despite gaining a voice
Lack of exploitation of opportunities presented by the UN system
Global governance shaped by consensual science developed by ‘official experts’
Need for deeper involvement in expert bodies on AI and GDP to influence global priorities

Can you answer the following question?

Analyze the evolving dynamics of global governance in light of the Summit of the Future and the historical shifts in economic and political power.

Make in India Achievements

(The Hindu, 30-09-24)

What were the main objectives of the Make in India (MI) policy launched in 2014?

Raise the manufacturing sector’s share in GDP to 25% from 14%-15%
Create 100 million additional industrial jobs by 2025
Similar to the New Manufacturing Policy 2012, but actually implemented

What are the outcomes of the Make in India policy after 10 years?

Manufacturing real gross value added (GVA) growth rate slowed from 8.1% (2001-12) to 5.5% (2012-23)
Manufacturing sector’s GDP share stagnated at 15%-17% over the last three decades
Manufacturing employment declined from 12.6% (2011-12) to 11.4% (2022-23)
Unorganised manufacturing employment declined by 8.2 million from 38.8 million in 2015-16 to 30.6 million by 2022-23,
Agriculture’s share in the workforce increased from 42.5% (2018-19) to 45.8% (2022-23)

Why is India experiencing premature de-industrialisation?

Fixed investment growth collapsed
Industrial output growth rate is much lower than official estimates
Gross fixed capital formation (GFCF) growth rate was practically zero
Booming imports, mainly from China, met the demand
The World Bank’s Ease of Doing Business index improvement did not translate to increased domestic investments.

What suggestions does the article provide to reverse de-industrialisation?

Re-imagine industrial policy to align trade and industrial policies
Promote domestic value addition and learning
Implement protection policies to secure dynamic comparative advantage
Aim for investment-led growth and technological catching up
Support domestic R&D for adaptive research and indigenisation of imported technology
Establish publicly funded development finance institutions for affordable long-term credit

Can you answer the following question?

Critically analyze the outcomes of the Make in India policy launched in 2014.

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