Best UPSC and MPPSC IAS Coaching Classes in Gwalior

Insurance Expansion and Social Protection in India

India ranked as the 10th largest insurance market globally in 2024–25 by nominal premium volume, with a global market share of 1.8 percent.

2. Insurance penetration in India stood at 3.7 percent in 2024–25, with life insurance at 2.7 percent and non-life insurance at 1 percent.

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Maritime Growth Through Sagarmala

1. Sagarmala was launched in March 2015 as a port-led development programme to modernize ports, improve logistics efficiency, reduce transportation costs, and integrate maritime transport with road, rail, coastal shipping, and inland waterways.

2. India’s maritime significance rests on its about 11,099-kilometre coastline, nearly 14,500 kilometres of potentially navigable waterways, and the fact that around 95 percent of trade by volume moves through maritime routes.

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India’s DPDP Rules, 2025

1. The Digital Personal Data Protection Rules, 2025 were notified on 14 November 2025, giving full operational effect to the Digital Personal Data Protection Act, 2023.

2. Before finalisation, the consultation process on the draft Rules received 6,915 inputs from startups, Micro, Small and Medium Enterprises (MSMEs), industry bodies, civil society groups, government departments, and citizens.

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India’s Sovereign Rating Upgrade

1. Standard and Poor’s (S&P) Global upgraded India’s long-term sovereign credit rating from BBB- to BBB and its short-term rating from A-3 to A-2 on 16 August 2025.

2. The outlook attached to the upgraded sovereign rating remained stable, indicating confidence in India’s economic fundamentals, fiscal path, and broader policy management framework.

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Reclaiming Unclaimed Financial Assets

1. “Your Money, Your Right” was launched in October 2025 as a nationwide awareness and facilitation initiative to help citizens identify and reclaim unclaimed financial assets.

2. The initiative is coordinated by the Department of Financial Services (DFS) under the Ministry of Finance in collaboration with major financial sector regulators and institutions.

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India’s Rising Services Export Strength

1. Services exports reached USD 348.4 billion during April-January Financial Year 2025-26 (FY26), reflecting strong external demand and confirming the services sector as a major contributor to India’s trade performance.

2. In the first half of Financial Year 2025-26 (FY26), services exports reached 10 percent of Gross Domestic Product (GDP), extending the sector’s rising macroeconomic role beyond the pre-pandemic average of 7.4 percent.

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Hidden Digital Platforms Powering Business Reforms

1. National Single Window System (NSWS) has granted more than 8,29,750 approvals since launch, integrating 32 Central Departments, 32 States, 698 central approvals, and 7,435 state approvals through one digital gateway.

2. Ministry of Corporate Affairs 21 (MCA21) Version 3 supports company and Limited Liability Partnership (LLP) registry services with e-Scrutiny, e-adjudication, e-consultation, Compliance Management System, MCA Lab, chatbot helpdesk, dashboards, mobile applications, and Application Programming Interfaces (APIs).

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Special Economic Zones in India

1. Special Economic Zones (SEZs) are duty-free enclaves treated as territory outside India’s customs area for authorised operations, including manufacturing, services, and warehousing through Free Trade Warehousing Zones in India.

2. India had 368 notified Special Economic Zones as on 28 February 2026, reflecting the scale of the country’s export-oriented enclave network across multiple sectors and states of India.

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Power Sector Transformation in India

1. India’s installed power generation capacity reached 520.51 GW (Gigawatt) by January 2026, reflecting record annual additions and a broad expansion across conventional and renewable energy sources nationwide during FY26 (Financial Year 2025–26).

2. During 2025–26 up to 31 January 2026, India added a record 52,537 MW (Megawatt) capacity, including 39,657 MW renewable, surpassing the previous annual addition benchmark achieved in FY25 (Financial Year 2024–25).

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GST Rate Rationalisation and Sectoral Relief Measures

1. The 56th GST (Goods and Services Tax) Council meeting on 3 September 2025 introduced a simplified tax structure, reducing rates across trade sectors to lower costs, improve compliance, and strengthen business competitiveness.

2. Leather materials prepared after tanning, composition leather, and chamois leather saw GST fall from 12% to 5%, while footwear priced up to ₹2500 per pair also moved lower.

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