Current affairs 20 December 2023

Uttar Pradesh becomes second-largest economy in India.

• Maharashtra leads with a GDP share of 15.7 percent of the country's total GDP, Uttar Pradesh follows closely with a GDP share of 9.2 percent.
• Uttar Pradesh has emerged as the second-largest economy of India.
• Tamil Nadu bagged 3rd position with 9.1% of India's GDP share.
• Gujarat (8.2 %), and West Bengal (7.5 &) bagged the 4th and 5th spot respectively.

UPI transactions grew from ₹ 1 lakh cr to ₹ 139 lakh cr in 6 years.

• UPI transactions grew from ₹ 1 lakh crore in FY 2017-18 to ₹ 139 lakh crore in FY 2022-23 in value, at a Compound Annual Growth Rate of 168%.
• UPI has achieved 8,572 crore transactions during current financial year.
• UPI has been the major driving force in the overall growth of digital payment transactions in the country accounting for 62% of digital payment transactions in FY 2022-23.

Andhra Pradesh ranked 1st in agri-marketing reforms: Niti Aayog.

• Andhra Pradesh has secured the first spot with a score of 94 in this year’s reform index released recently by the Aayog.
• With a score of 92, U.P. has been ranked second.
• Karnataka, Tamil Nadu, and Telangana have performed better than other Indian states.
• Niti Aayog launched the index in 2016 to rank states and UTs based on the implementation of provisions proposed under the model APMC Act.

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India is contributing more than 16 % of global growth, says IMF.

• India's robust growth due to key sector reforms, such as digitisation and infrastructure, has made it a star performer, according to the International Monetary Fund.
• The IMF predicts India will contribute over 16% to global growth in current year, making it one of the fastest-growing large emerging markets.
• India's prudent macroeconomic policies is the major growth driver, says the report.

Khelo India Games to be Held in Tamil Nadu.

• Khelo India Games will be held in Tamil Nadu (Chennai, Coimbatore,Madurai and Trichy) from 19 to 31 January, 2024.
• More than 5,500 sports persons and over 1,600 coaches are expected to participate in the event.
• More than 1000 referees and 1200 volunteers will be part of the sporting event in which 27 types of sport will be played.
• For the first time, squash will be included in Khelo India games.