Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What is the revised GDP growth forecast for India for FY27 as projected by Morgan Stanley?
Answer: Option
Explanation:
Morgan Stanley revised India’s GDP growth forecast for FY27 to 6.2%, lowering it from the earlier estimate of 6.5%. This revision reflects concerns over geopolitical tensions in West Asia and increasing global energy prices, particularly crude oil. Higher oil prices can raise import bills and inflation, affecting economic growth. The report also highlighted a rise in retail inflation and a widening current account deficit. Such projections are important indicators for policymakers and investors to assess economic stability and future growth prospects.
Date : 2026-04-08
2.
Which organisation has partnered with IGX to launch natural gas derivatives in India?
Answer: Option
Explanation:
NSE, or the National Stock Exchange of India, has partnered with the Indian Gas Exchange Limited (IGX) to introduce natural gas derivatives based on domestic pricing. This initiative marks a significant step in India’s financial and energy markets, as it will be the first time derivatives are linked to a domestic benchmark rather than international indices. The contracts will be based on the Gas IndeX of India (GIXI), ensuring transparency and real-time pricing. This move is expected to enhance risk management, improve market efficiency, and attract broader participation from investors and stakeholders.
Date : 2026-04-06
3.
What was the percentage growth of India’s industrial output in February 2026 according to the Index of Industrial Production (IIP)?
Answer: Option
Explanation:
India’s industrial output recorded a growth of 5.2% in February 2026, indicating a modest improvement compared to the previous month. This growth was largely driven by the manufacturing sector, which plays a dominant role in the Index of Industrial Production (IIP). While manufacturing showed strong recovery, other sectors such as mining and electricity displayed mixed trends, slightly limiting overall momentum. The data released by the National Statistics Office reflects a gradual industrial recovery despite challenges like rising input costs and global geopolitical tensions affecting production and profitability across industries.
Date : 2026-04-05
4.
What is the projected GDP growth rate for India in FY2026-27 as estimated by ICRA?
Answer: Option
Explanation:
The projected GDP growth rate for India in FY2026-27 is estimated at 6.5%, indicating a slowdown compared to the current fiscal year’s higher growth rate. This moderation is attributed to rising global crude oil prices, geopolitical tensions in West Asia, and supply chain disruptions. These factors contribute to increased inflation, higher production and transportation costs, and reduced consumer spending. Additionally, the widening current account deficit reflects higher import bills, especially for energy resources. Despite these challenges, the Indian economy remains resilient, but external pressures are expected to influence overall economic performance in the coming fiscal year.
Date : 2026-04-05
5.
What was India’s global rank in the renewable energy market in 2025 according to the IRENA report?
Answer: Option
Explanation:
3rd is India’s global rank in the renewable energy market in 2025 as per the IRENA Renewable Capacity Statistics 2026 report. This achievement reflects India’s rapid expansion in renewable energy capacity, which reached 250.5 GW. The growth was largely driven by significant additions in solar and wind energy, including 37 GW of solar capacity and a record increase in wind power. India now stands behind only China and the United States in renewable energy capacity, highlighting its strong commitment to sustainable energy development and its growing role in the global transition to clean energy.
Date : 2026-04-04
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