Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What percentage of the FY26 Budget Estimate did India’s fiscal deficit reach during April–November 2025?
Answer: Option
Explanation:
India’s fiscal deficit for April–November FY26 reached 62.3% of the full-year Budget Estimate, amounting to ₹9.77 trillion. This rise is attributed to a significant 28% increase in capital expenditure aimed at infrastructure development, while net tax revenue growth lagged, declining to 49.1% of the FY26 target. The fiscal deficit indicates the gap between government spending and receipts, highlighting the need for borrowing to meet expenditure. Front-loaded capital spending, slower revenue mobilization, and adjustments like IGST settlements contributed to this higher share, reflecting pressures on fiscal management and macroeconomic stability during the first eight months of the year.
Date : 2026-01-01
2.
What was the growth rate of India’s Index of Industrial Production (IIP) in November 2025, marking a 25-month high?
Answer: Option
Explanation:
The Index of Industrial Production recorded a growth of 6.7% in November 2025, which was the highest level seen in the past 25 months. This 6.7% expansion was mainly driven by a strong recovery in manufacturing and a sharp rise in capital goods output. Higher manufacturing activity reflected improved demand, increased production, and better capacity utilization. At the same time, strong capital goods growth indicated renewed investment momentum in the economy. Overall, the 6.7% IIP growth highlighted improving industrial health and strengthening economic resilience in India.
Date : 2025-12-31
3.
Which country was overtaken by India to become the world’s fourth-largest economy in 2025?
Answer: Option
Explanation:
India achieved a major economic milestone in 2025 by becoming the world’s fourth-largest economy in nominal GDP terms. With a GDP valued at $4.18 trillion, India moved ahead of Japan, which had long been among the top global economies. This achievement reflects strong domestic consumption, sustained structural reforms, rising investment activity, and robust GDP growth rates. Accelerating quarterly growth and positive projections from international institutions further underline India’s economic momentum. Surpassing Japan also signals a broader shift in global economic power toward emerging economies and strengthens India’s role in global economic decision-making.+
Date : 2025-12-31
4.
What was the overall growth rate recorded by India’s eight core industries in November 2025?
Answer: Option
Explanation:
India’s eight core industries registered an overall growth of 1.8% in November 2025, reflecting modest but steady industrial expansion. The growth was mainly driven by strong performance in construction-linked sectors such as cement and steel, along with positive contributions from fertiliser and coal production. However, declines in crude oil and natural gas output moderated the overall growth rate. Since these core industries account for over 40% of the Index of Industrial Production (IIP), their performance plays a crucial role in shaping broader industrial trends and indicates continued resilience in infrastructure-related economic activity despite challenges in the energy sector.
Date : 2025-12-23
5.
By what percentage did India’s net direct tax collections increase during FY26 up to 17 December 2025?
Answer: Option
Explanation:
India’s net direct tax collections recorded an increase of 8% during FY26 up to 17 December 2025, indicating steady revenue growth for the government. This 8% rise was driven primarily by strong corporate tax collections and a significant reduction in tax refunds, which helped raise net receipts. Improved compliance, better advance tax payments, and stable business activity also played an important role. The 8% growth reflects the positive impact of tax administration reforms and economic resilience, supporting fiscal stability and providing the government with greater capacity to fund public expenditure and development initiatives.
Date : 2025-12-21
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