Which Country is Known as "Sugar Bowl of the World"?

Daily Current Affairs

Cuba

Bahamas

Argentina

Slovakia

Correct Answer : Cuba

Cuba, officially the Republic of Cuba, is revered as the "Sugar Bowl of the World" due to its historical legacy, dominant export status, and advanced sugar production infrastructure.

When it comes to sugar production on a global scale, one country stands out above the rest, earning itself the prestigious title of the “Sugar Bowl of the World.” Cuba, officially known as the Republic of Cuba, has long been synonymous with sugar production, boasting a rich history, dominant export position, and advanced infrastructure in the industry.

Which Country is Known as “Sugar Bowl of the World”?

Cuba, officially the Republic of Cuba, is revered as the “Sugar Bowl of the World” due to its historical legacy, dominant export status, and advanced sugar production infrastructure. With optimal growing conditions and efficient processing facilities, Cuba consistently ranks among the largest exporters of sugar globally. This recognition underscores its pivotal role in meeting international sugar demands and shaping the dynamics of the global market.

Understanding the Term “Sugar Bowl of the World”

The term “Sugar Bowl of the World” refers to a country or region recognized for its paramount role in global sugar production and trade. This designation acknowledges the significant contribution of the specified area to meeting worldwide sugar demand. It typically signifies a combination of abundant sugarcane cultivation, advanced production infrastructure, and substantial export capabilities.

Why is Cuba Known as “Sugar Bowl of the World”?

Here are the few reasons for which Cuba earned the title of “Sugar Bowl of the World”:

* Cuba is dubbed the “Sugar Bowl of the World” due to its dominant role in global sugar production.

* It historically relies on sugar as a primary economic driver.

* Cuba is renowned as the largest exporter of sugar worldwide.

* The country’s extensive infrastructure supports massive-scale sugar production.

Published On : April 10, 2024

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024