CURRENT AFFAIRS

Detailed explanation-1: -There was announcement of grant financing by India for high impact community development projects in Central Asian countries. There was also emphasis on reinvigorating trade and commerce partnerships by overcoming lack of overland connectivity barrier.

Detailed explanation-2: -Kazakhstan is the richest and most economically developed one among the five Central Asian countries and has multifaceted relations to globalization. Many workers from Tajikistan, Uzbekistan and Kyrgyzstan are employed in Kazakhstan and Russia as migrant workers.

Detailed explanation-3: -Kazakhstan is also the largest country in Central Asia accounting for more than 60 percent of the region’s gross domestic product (GDP).

Detailed explanation-4: -Central Asia’s aggregate GDP totals $347 billion. Over the last two decades, the GDP of Central Asia grew more than sevenfold. The share of Central Asia in global GDP (PPP) has increased by a factor of 1.8 since 2000. Its population of 77 million has increased by a factor of 1.4 since 2000.