Global e-commerce transactions expected to hit $8.5 trillion by 2026.

  • As per the Global Payments Report 2023, by FIS, the global e-commerce market is expected to grow at a compound annual growth rate of 9% during 2022-26 with transaction value rising to over $8.5 trillion in 2026.
  • During 2021-22, all regions except Europe saw double-digit growth with the highest growth of 21% in the Middle East and Africa Of the 40 markets, 37 saw double-digit YoY growth from 2021 to 2022.
  • The report predicts a mid-teens CAGR in the regions through 2026.

The 2023 Global Peace Index released.

  • According to the 2023 Global Peace Index (GPI), released by the Institute for Economics and Peace, India has ranked 126 out of 163 countries.
  • With an overall score of 2.31, India falls below the global average of 2.314.
  • Iceland has remained the most peaceful country in the world since the study was first released in 2008.
  • It measures the state of peace across three domains: Societal safety and security, Ongoing domestic and international conflict, and Militarisation.

Scheme for Expansion and Modernization of Fire Services in the States.

  • The Ministry of Home Affairs has launched a Scheme for the Expansion and Modernization of Fire Services in the States with a total outlay of Rs.5,000 Crore.
  • Objective: To expand and modernize Fire Services within National Disaster Response Fund (NDRF).
  • Out of the total outlay, Rs. 500 crore has been kept for incentivizing the States on the basis of their legal and infrastructure-based reforms.
  • This scheme was announced by the Union Home Minister, Amit Shah.

4th edition of the Space Economy Leaders Meeting to begin in Bengaluru.

  • As part of India's G20 Presidency, the 4th edition of the Space Economy Leaders Meeting has started in Bengaluru on July 6.
  • It dwell upon the sharing of the space mission economy, the responsibilities of space agencies, and alliances in space missions.
  • The goal will be to improve the space economy share in the global economy in a responsible and sustainable manner.
  • Cultural Programmes representing India’s culture and tradition are also organized for foreign dignitaries.

FDI in developing countries stood at $662billion in 2022: UNCTAD.

  • According to UNCTAD’s World Investment Report 2023, FDI in developing countries in Asia remained flat at $662 billion during 2022, as compared to the previous year.
  • During 2022, FDI inflows to India rose by 10% on an annual basis to $49 billion, while China registered a 5% yearly growth to $189 billion.
  • Overall global FDI declined by 12% to $1.3 trillion in 2022 after a strong rebound in 2021 following the steep drop induced by the coronavirus pandemic in 2020.
  • AIFF President: Kalyan Chaubey

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