Current Affairs | Current Affairs Today

Current Affairs | Current Affairs Today |

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India, one of the fastest-growing economies and a key player on the global stage, continues to witness significant political, economic, and social developments. As of October 2024, several events have marked the country’s landscape, influencing both domestic and international dynamics.

1. Lok Sabha Elections 2024
The most significant political event of the year is the upcoming general elections scheduled for April-May 2024. Major political parties, including the Bharatiya Janata Party (BJP), Indian National Congress (INC), and several regional players, have already ramped up their election campaigns. Prime Minister Narendra Modi’s BJP aims to secure a third consecutive term, emphasizing its record on economic reforms, infrastructure development, and national security. The opposition, led by Rahul Gandhi of the Congress Party, has focused on unemployment, inflation, and social welfare, challenging the ruling party’s policies.

The election is expected to be a highly competitive and polarized event. Regional parties, particularly in states like Uttar Pradesh, West Bengal, and Tamil Nadu, will play a crucial role in determining the outcome. Key issues dominating the political discourse include the economy, jobs, agricultural reforms, and communal harmony.

2. India’s Economic Growth Amid Global Slowdown
India continues to be a bright spot in the global economy, maintaining robust growth despite a global economic slowdown triggered by factors such as inflation and geopolitical tensions. In September 2024, the Reserve Bank of India (RBI) forecasted a GDP growth rate of around 6.3% for the fiscal year 2024-25. While growth remains healthy, inflation, particularly in food prices, poses challenges. The RBI has kept a tight monetary policy to control inflation while ensuring liquidity to support economic activity.

The government’s ambitious infrastructure projects, such as the Bharatmala and Sagarmala initiatives, are aimed at improving connectivity and trade. Additionally, the “Make in India” and “Atmanirbhar Bharat” (Self-Reliant India) programs have further boosted manufacturing and exports. The service sector, especially IT and fintech, continues to be a major growth driver.

3. India’s Geopolitical Role
India’s foreign policy has been marked by an increasingly assertive role in global diplomacy. The country continues to engage in multilateral forums such as the G20, BRICS, and QUAD. In September 2024, India hosted a successful G20 summit, with discussions focusing on climate change, economic resilience, and digital innovation.

Relations with neighboring countries, particularly China and Pakistan, remain tense. India has reinforced its defense capabilities, especially along the Line of Actual Control (LAC) with China. Moreover, India’s diplomatic efforts in strengthening ties with the United States, European Union, Japan, and Australia have been vital in countering Chinese influence in the Indo-Pacific region.

4. Climate Action and Sustainability
India’s commitment to combating climate change has been a focal point in its policy agenda. At the G20 summit, India reiterated its goal of achieving net-zero emissions by 2070 and reducing the carbon intensity of its economy by 45% by 2030. The country is ramping up investments in renewable energy, particularly solar and wind power. India’s International Solar Alliance (ISA) has also gained traction, with more countries joining the initiative.

However, India faces challenges related to environmental degradation, deforestation, and urban pollution. Initiatives like the Clean Ganga Mission and National Electric Mobility Mission aim to address these issues, but their implementation requires greater momentum.

5. Social and Cultural Trends
Social issues such as caste-based reservations, women’s rights, and religious tensions continue to be debated in Indian society. Recent reports have highlighted a rise in communal incidents, triggering calls for harmony and inclusivity. On the positive side, India celebrated several cultural milestones in 2024, including hosting international sports events like the ICC Men’s T20 World Cup.

Women’s empowerment has been a growing focus, with more initiatives promoting female participation in politics, business, and STEM fields. Efforts to improve gender equality, health care, and education are gaining momentum, contributing to India’s long-term social development.

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