Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What was the percentage of cotton import duty that India suspended until September 30, 2025, to support the garment industry?
Answer: Option
Explanation:
India suspended the 11% cotton import duty until September 30, 2025, as a relief measure for its garment and textile industry. This sector, which employs millions, has been under pressure from high input costs and growing competition from countries like China, Bangladesh, and Vietnam. The duty suspension reduces raw material costs, giving exporters breathing space to remain competitive in global markets. Additionally, the move benefits U.S. cotton growers by expanding their market access in India. It also serves as a diplomatic gesture to ease trade tensions with the U.S., while reinforcing India’s role in the global textile supply chain.
Date : 2025-08-22
2.
By what percentage did India’s infrastructure output grow in July 2025 compared to the same period last year?
Answer: Option
Explanation:
In July 2025, India’s infrastructure output, measured by the Index of Eight Core Industries (ICI), recorded a growth of 2% compared to the same month in the previous year. This performance was largely driven by strong growth in steel and cement sectors, which posted double-digit increases of 12.8% and 11.7% respectively. Fertilizer production also contributed positively with a rise of 2%, while electricity generation showed a smaller increase of 0.5%. The 2% growth reflects resilience in core industries despite mixed performances across sectors, highlighting steel and cement as major drivers of infrastructure development during this period.
Date : 2025-08-21
3.
What was India’s marine fish production recorded at in 2023–24?
Answer: Option
Explanation:
India’s marine fish production in 2023–24 reached 44.95 lakh tonnes, marking a significant increase from 34.76 lakh tonnes in 2020–21, with an impressive average annual growth rate of 8.9%. This surge is attributed to the government’s dual strategy of sustainable fisheries development and climate-resilient practices under initiatives such as the PM Matsya Sampada Yojana (PMMSY) and the National Innovation in Climate Resilient Agriculture (NICRA). These programs focus on ecological restoration, climate adaptation, and infrastructure support for coastal communities. The achievement not only highlights India’s growing fishery sector but also underscores its commitment to sustainability and long-term resilience against climate impacts.
Date : 2025-08-21
4.
What was India’s unemployment rate in July 2025 for individuals aged 15 years and above?
Answer: Option
Explanation:
In July 2025, India’s unemployment rate fell to 5.2% for individuals aged 15 years and above, reflecting an improvement compared to 5.6% in June 2025. This decline indicated a positive trend in employment generation across the country. The data also revealed gender-specific figures, with the unemployment rate for females at 5.1% and males at 5.3%. Regionally, rural areas recorded a lower rate of 4.8%, significantly better than the urban unemployment rate of 6.8%. Such statistics provide insights into labor market dynamics and help policymakers design targeted interventions to sustain job growth and reduce regional disparities.
Date : 2025-08-19
5.
What was the level of India’s foreign exchange reserves as of August 8, 2025?
Answer: Option
Explanation:
As of August 8, 2025, India’s foreign exchange reserves surged by $4.74 billion to reach $693.62 billion. This increase was driven by gains in foreign currency assets, gold reserves, Special Drawing Rights (SDRs), and India’s reserve position with the International Monetary Fund (IMF). Foreign currency assets alone rose by $2.37 billion, while gold reserves added $2.16 billion. The rise highlights India’s strong external sector fundamentals, with the reserves positioned close to their all-time high of $704.885 billion recorded in September 2024. Such robust reserve levels enhance India’s ability to cushion external shocks, stabilise the rupee, and maintain financial resilience.
Date : 2025-08-17
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