Reports and Indices Current Affairs MCQs

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International Energy Agency (IEA) published the ‘Coal 2024: Analysis and Forecast to 2027’ Report. The report forecasts global coal demand, supply, and trade trends until 2027. Coal demand is shrinking in advanced economies but rising in emerging economies like India, China, and Indonesia. India is projected to see the highest coal demand growth, driven by increased power needs due to economic growth. Global coal production is expected to hit a record high in 2024 and then stabilize through 2027. India is the largest contributor to global coal production growth, with production exceeding 1 billion tonnes for the first time in 2023. Indian coal production grew by 10% in 2023 and is expected to rise by 8% in 2024.

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World Economic Situation and Prospects 2025 report was recently released by the UN. According to this report, the Indian economy is projected to grow by 6.6% in 2025 and 6.7% in 2026, supported by private consumption and investments. The UN report highlighted the public sector’s role in funding infrastructure, digital connectivity, and social infrastructure projects. Capital expenditure on infrastructure will have strong multiplier effects, boosting growth. Manufacturing, services, and strong export growth in pharmaceuticals and electronics will drive economic activity. Favorable monsoon rains in 2024 are expected to boost agricultural output in 2025. Risks include geopolitical tensions, debt challenges, and climate hazards affecting growth.

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Cabo Verde, an archipelago off West Africa, needs to invest $842 million from 2024-2030 ($140 million per year) to tackle climate and development challenges. The World Bank’s report, Country Climate and Development Report (CCDR) 2025, launched on January 15, 2025, outlines these needs for enhancing climate resilience and sustainable development. World Bank released the Country Climate and Development Report (CCDR) 2025. The CCDRs aim to integrate climate change considerations into development planning. These reports utilize extensive data and research to identify key climate vulnerabilities and potential pathways for action.

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India ranks second after the US in the QS World Future Skills Index 2025 for job market preparedness in AI, digital, and green sectors. India scores highly in the “Future of Work” indicator, trailing the US by less than a point. The country excels in readiness for digital roles alongside Mexico. However, India faces challenges in its higher education system, industry collaboration, and equipping graduates with in-demand skills. Despite strong GDP growth and a youthful population, India lags in sustainability and innovation metrics. To unlock potential, India needs better integration between education and industry.

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The International Labour Organization (ILO) released its fourth edition of Global Estimates on International Migrant Workers, highlighting their crucial role in global economic growth. In 2022, international migrants made up 7% of the global labor force, with 167.7 million workers, an increase of over 30 million since 2013. Migrants face a gender gap, with 38.7% of female migrants employed, compared to 60.8% of male migrants. Most migrants work in the services sector (68.4%), followed by industry (3%) and agriculture (4%). High-income countries host 4% of migrants, with Europe and Northern America as key destinations.

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Food and Agriculture Organization (FAO) has published the report on Sustainable Nitrogen Management in Agrifood systems. The report highlights the challenges of nitrogen use in agrifood systems. Humans add 150 teragrams (Tg) of reactive nitrogen annually through agriculture and industry, with climate change possibly increasing this to 600 Tg by 2100. Nitrogen loss occurs through ammonia, nitrogen oxides, nitrous oxide emissions, and nitrate leaching, harming ecosystems and contributing to air pollution. Livestock sectors, synthetic fertilizers, land-use changes, and manure emissions are key nitrogen polluters. Judicious nitrogen use boosts crop yields, while excess use worsens global warming and environmental degradation.

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The World Economic Forum (WEF) released the “Navigating Global Financial System Fragmentation” report, urging policymakers to promote an integrated financial system. Fragmentation of Global Financial Systems (GFS) refers to differences in asset prices or capital movement across borders, leading to increased tariffs, sanctions, and export controls. The World Economic Forum’s report highlights that geopolitical actions, such as sanctions and industrial policies, are driving this fragmentation. The impact could reduce trade, cross-border capital flows, and economic efficiencies, and increase global inflation by over 5% in extreme cases.

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The Annual Status of Education Report (ASER) 2024 report by Pratham Foundation shows improved literacy and arithmetic in rural areas after the pandemic. The percentage of Class 3 students with basic arithmetic skills increased from 25.9 percent in 2022 to 7 percent in 2024 with more progress in government schools The percentage of Class 5 students reading at Class 2 level increased to 8 percent in 2024 from 38.5 percent in 2022 The National Education Policy 2020 played a key role in strengthening foundational skills in reading and arithmetic Government school enrollment has increased along with better student and teacher attendance Technology access has expanded with 90 percent of teenagers owning smartphones but only 57 percent using them for education Pre-primary enrollment is high in states like Karnataka Gujarat and Kerala

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The Ministry of Statistics and Programme Implementation (MoSPI) released findings from the second Household Consumption Expenditure Survey (HCES). The survey collects data on household spending on goods and services. It helps assess economic well-being, update the Consumer Price Index, and measure poverty and inequality. The Monthly Per Capita Consumption Expenditure (MPCE) is the main indicator for analysis. Urban-rural consumption differences declined in 2023-24 across major states. MPCE increased for all household types in both rural and urban areas. Kerala has the lowest urban-rural MPCE gap, followed by Punjab, Andhra Pradesh, and Bihar. Consumption inequality declined across almost all major states. The Gini coefficient fell to 0.237 (rural) and 0.284 (urban) in 2023-24.

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RBI released the Digital Payments Index (RBI-DPI) to measure the growth of digital transactions in India. Digital payments grew by 11.1% YoY as of September 2024. The RBI-DPI for September 2024 stood at 465.33, up from 445.50 in March 2024. The index tracks five key factors: Payment Enablers, Infrastructure (Demand & Supply), Payment Performance, and Consumer Centricity. UPI’s share in digital payments surged from 34% in 2019 to 83% in 2024, with a CAGR of 74%. UPI transactions grew from ₹5.86 lakh crore (2018) to ₹246.83 lakh crore (2024).