Current affairs 21 November 2023

India Ranks Third In Global Unicorn Rankings With 72 Unicorns.

• India ranks third with 72 unicorn companies, with a total valuation of $195.75 billion.
• The country’s unicorns make a substantial 5 per cent contribution to the total global unicorn valuation, according to research by Journalistic Org.
• The first Indian company to make an appearance in global rankings is BYJU’s, which stands at 36th place with a valuation of $11.50 billion.
• The US has the highest and over three times more than China in second place (172).

India Set to Extend Rice Export Bans Through 2024.

• India, the world’s top rice exporter, is expected to maintain its curbs on overseas sales well into 2024, a move likely to hold the staple grain at close to its highest price levels since the food crisis of 2008.
• Lower prices and ample stockpiles have helped make India one of the top shippers globally over the past decade, recently accounting for almost 40% of the total.
• African nations like Benin and Senegal are among the top buyers.

India’s GDP Surpasses $4 Trillion Mark: A Historic Milestone.

• India's economy achieved a historic milestone when its Gross Domestic Product (GDP) crossed the $4 trillion-mark in nominal terms for the first time ever.
• Neither the finance ministry nor the National Statistical Office have officially confirmed whether the mark has been breached.
• The milestone was hailed by billionaire and Adani Group Chairman Gautam Adani, two union ministers and Maharashtra Deputy Chief Minister Devendra Fadnavis.

Australia lifts ICC Men’s Cricket world cup beating India.

• Australia lifted the ICC Men’s Cricket World Cup 2023 defeating India by six wickets in the final at the Narendra Modi Stadium in Ahmedabad.
• Virat Kohli was awarded with the player of the tournament title for his exemplary performance.
• He scored a total of 765 runs in 11 innings, the highest-ever runs scored by a batter in a single edition of the World Cup.
• Mohammed Shami finished as the leading wicket taker of the World Cup 2023.

BofA Survey Highlights Japan and India as Preferred Markets in Asia Pacific.

• Japan and India are the most favored markets in the Asia Pacific region, reveals the fund manager survey (FMS) conducted by Bank of America (BofA).
• Japan (net 45 percent overweight) cements its place at the top of the preference stack, followed by India (25 percent), while Thailand (net 13 percent underweight), China, and Australia.
• The net overweight figure is the percent of fund managers saying overweight minus the percent saying underweight.