Major Ports in India Surpass Cargo Target
Economy
Context
- The major ports of India handled 915.17 million tonnes (MT) of cargo in FY 2025â26, exceeding the target of 904 MT and recording a 7.06% year-on-year growth.
About
- There are 14 major ports out of which 12 Major Ports are in Operation and 200 non-major ports (minor ports) in the country.
- New ports: Vadhavan Port in Maharashtra and Galathea Bay Port in Andaman and Nicobar Islands, have been notified as Major Ports.
- While the Major Ports are under the administrative control of the Ministry of Ports, Shipping and Waterways, the non-major ports are under the jurisdiction of respective State Maritime Boards/ State Government.
Operational Major Ports in India
|
Western Coast Ports |
Eastern Coast Ports |
|
Deendayal Port (Kandla, Gujarat) |
Paradip Port (Odisha) |
|
Mumbai Port (Maharashtra) |
Visakhapatnam Port (Andhra Pradesh) |
|
Jawaharlal Nehru Port (JNPT, Maharashtra) |
Chennai Port (Tamil Nadu) |
|
Mormugao Port (Goa) |
Kamarajar Port (Ennore, Tamil Nadu) |
|
New Mangalore Port (Karnataka) |
V.O. Chidambaranar Port (Tuticorin, Tamil Nadu) |
|
Cochin Port (Kerala) |
Syama Prasad Mookerjee Port (KolkataâHaldia, West Bengal) |
OPEC+
International
Context
- The Organization of the Petroleum Exporting Countries group decided to increase oil production by 206,000 barrels per day amid rising global energy tensions.
OPEC and OPEC+
- The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference in September 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
- OPEC Members (12 Nations): The core organization includes Algeria, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and Venezuela.
- Non-OPEC Partners (10 Nations): The extended âPlusâ group consists of Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan, and Sudan
- OPEC is headquartered at Vienna, Austria.
- In 2016, OPEC formed an alliance with other oil-producing nations to create OPEC+. The 10 countries now in OPEC+ include Russia, Kazakhstan, Azerbaijan, Mexico, and Oman.
- Member states of OPEC hold more than 80% of the worldâs proven oil reserves.
- OPEC produces about 40% of the worldâs crude oil and its membersâ exports make up around 60% of global petroleum trade.
Stagflation
Economy
In Context
- The ongoing US-Israel vs Iran conflict has triggered a sharp energy supply disruption, reviving fears of stagflation.
Stagflation
- Definition: Simultaneous occurrence of stagnant/negative economic growth + high unemployment + high inflation.
- Term Coined By: British politician Iain Macleod (1960s).
- Why Itâs Dangerous: Normal monetary policy tools fail, raising interest rates fights inflation but worsens unemployment; cutting rates boosts growth but fuels inflation further.
Leave a Reply