Economy

* Reciprocal Trade agreement- Countries use bilateral/regional trade agreements to increase market access and expand trade in foreign markets. It can be free trade agreement, preferential trade etc.

* Digital trade - according to digital trade report by hinrish foundation n all India mgt association Indias digital trade will grow 14 folds n export in digital growth with 238% by 2030 taking today's base.

* When the general price level rises in a country because of the rise in prices of imported commodities, inflation is termed as imported.

* PMI (Purchase Manager Index) is an indicator of business activity- in the manufacturing and services sectors saperately and then composite index is constructed. It is realeased on the scale of 0 to 100. Above 50 is considered Expansion & below is called Contraction and at 50 is called no change and usually released at the beginning of the month.

* Female labour force participqtion is among the lowest with 23.3% in Asian contries as per world bank report 2019. Vietnam (74%) China (61%), Singapore (50%) Bangladesh (34%).

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