Current Affairs - July 2018

India has become the world's sixth-biggest economy
India has become the world's sixth-biggest economy

India has become the world's sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017. India's gross domestic product (GDP) amounted to $2.597 trillion at the end of last year, against $2.582 trillion for France. The country's economy rebounded strongly from July 2017, after several quarters of slowdown. India, with a population of around 1.34 billion, is poised to become the world's most populous nation, whereas the French population stands at 67 million. This means that India's per capita GDP continues to amount to just a fraction of that of France which is still roughly 20 times higher, according to World Bank figures. India has doubled its GDP within a decade and is expected to power ahead as a key economic engine in Asia, even as China slows down. At the end of 2017, Britain was still the world's fifth-biggest economy with a GDP of $2.622 trillion. The US is the world's top economy, followed by China, Japan and Germany.
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Dipa Karmaker
Dipa Karmakar clinches the gold medal at Gymnastics World Cup

India's gymnast, Dipa Karmakar clinched a gold medal by scoring 14.150 points in the vault event of FIG Artistic Gymnastics World Challenge Cup in Mersin, Turkey.
This is Dipa's first medal in a World Challenge Cup.
Dipa has also qualified in balance beam finals by finishing third in the qualification with a score of 11.850.
more about Dipa Karmaker...

World's largest mobile phone factory

Prime Minister Narendra Modi and the South Korean President jointly inaugurated the world's largest mobile phone factory in Noida, Uttar Pradesh.
The new 35-acre Samsung Electronics facility can manufacture nearly 120 million mobile phones.
With this plant, set up on an investment of ₹4,915 crore, the South Korean electronics major plans to make India an export hub, with 50% of its overall production coming from here in the next three years from the present 10%. Samsung said it will almost double its manufacturing capacity to 120 million by 2020 from 68 million now.

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