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CLAT 2021 21 Year Experienced Team

Asian Development Outlook, 2021

Asian Development Bank (ADB) has released Asian Development Outlook report for 2021.
More about the recent report-
f The Indian economy is projected to grow at 11% in the current financial year (which ends on March 31,
2022) amid the “strong” vaccine drive.

f However, the recent surge in COVID cases may put the country's economic recovery at “risk”.
f India was one of the 45 economies across Asia and the Pacific that were assessed by the report.
f The 45 economies that excluded Japan, Australia and New Zealand, were to grow 7.3 per cent this year,
supported by a healthy global recovery and early progress on COVID-19 vaccines.

f It noted that while growth was forecast to be the strongest in East and South Asia, central and Southeast
Asia as well as the Pacific was to see more moderate growth.
f Rising exports are boosting some economies in Developing Asia (46 members of ADB list on the basis of
geographic group) amid strengthening global economic activity, including a rebound in manufacturing.
f The GDP of South Asia is expected to rebound to 9.5% in 2021, following a contraction of 6% in 2020,
before moderating to 6.6% in 2022.
f Increasing geopolitical tensions, production bottlenecks, delay in vaccine rollouts or major new
outbreaks, financial turmoil and long-term scarring like learning losses due to school closures are the
main risk factors.

Operation Samudra Setu- 2

The Indian Navy has initiated Operation Samudra Setu-II to aid in the faster transportation of medical
oxygen and other supplies from abroad due to the surge in Covid-19 cases.
About the Operation-
f Nine warships from all three Naval Commands (Mumbai, Visakhapatnam and Kochi) have been deployed
to bring relief material from friendly foreign countries in Persian Gulf and South-east Asia.
f These warships will undertake shipment of liquid oxygen-filled cryogenic containers and associated
medical equipment.
f INS Kolkata and INS Talwar were the first batch of ships that were immediately diverted for the task and
entered the port of Manama in Bahrain on April 30.

f On the Eastern seaboard, INS Airavat is scheduled to enter Singapore for embarking Liquid oxygen tanks
and INS Jalashwa is standing by in the region to embark medical stores at short notice.
f The second batch of ships comprising Kochi, Trikand and Tabar missions deployed in Arabian Sea has also
been diverted to join the national effort.
f From the Southern Naval Command, the landing ship tank INS Shardul is being readied to join the
Operation.
f All these have been designed and developed in-house by the Indian Navy and are all made in India

Operation Samudra Setu- 1
f Indian Navy launched Operation “Samudra Setu” – meaning “Sea Bridge”, as a part of national effort to
repatriate Indian citizens from overseas during COVID-19 pandemic outbreak in 2020.

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