Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What real GDP growth did SBI Research project for India in Q1 FY27?
Answer: Option
Explanation:
SBI Research projected India’s real GDP growth at 8% for the April-June quarter (Q1 FY27), exceeding the Reserve Bank of India’s projection of 7%. The forecast was based on a Nowcasting Model using 54 high-frequency indicators covering agriculture, industry, and services. Economic activity showed broad improvement, with 86% of 50 leading indicators recording growth. IIP growth accelerated to 7.3% in June, while services exports and airport cargo traffic also recorded strong growth. The report highlighted robust industrial activity, credit growth, and government capital expenditure as key factors supporting the growth outlook.
Date : 2026-08-15
2.
What was India’s retail inflation rate in July 2026?
Answer: Option
Explanation:
India’s retail inflation rose marginally to 4.45% in July 2026, compared with 4.38% in June 2026. The increase was mainly driven by higher food prices, with Consumer Food Price Index (CFPI) inflation rising to 5.52% from 5.32% in June. The July figures were based on the revised Consumer Price Index (CPI), which uses 2024 as its base year. Rural retail inflation stood higher at 4.84%, while urban inflation was 3.96%. Among major states, Telangana recorded the highest inflation at 6.32% in July.
Date : 2026-08-13
3.
What was the Government of India’s debt-to-GDP ratio in FY26?
Answer: Option
Explanation:
The Government of India’s debt-to-GDP ratio stood at 58.2% in FY26, according to data presented in Parliament. This was 210 basis points higher than the government’s target of 56.1% for the year. The Union government’s outstanding liabilities had declined from 61.5% of GDP in FY21 to 58.2% in FY26. For FY27, the government has set a lower debt-to-GDP target of 55.6%, requiring a reduction of around 260 basis points. The ratio is an important indicator of fiscal sustainability, as a lower debt burden provides greater flexibility for government borrowing during economic downturns or emergencies.
Date : 2026-08-11
4.
What real GDP growth rate for FY27 was projected by the RBI’s 101st Survey of Professional Forecasters?
Answer: Option
Explanation:
The RBI’s 101st Survey of Professional Forecasters, conducted in July 2026, projected India’s real GDP growth for FY27 at 6.6%. This was an upward revision from the earlier estimate of 6.5%, reflecting expectations of continued support from domestic demand, manufacturing, services, and exports. The survey also projected FY27 retail inflation at 5%, merchandise export growth at 7%, and a current account deficit of 1.4% of GDP. The RBI itself later raised its FY27 GDP growth forecast to 6.7%, which was 0.1 percentage point higher than the SPF estimate.
Date : 2026-08-11
5.
Which organisation signed an MoU with the Karnataka Digital Economy Mission to attract ₹5,000 crore in GCC investments to Karnataka?
Answer: Option
Explanation:
GoodWorks Group signed a Memorandum of Understanding (MoU) with the Karnataka Digital Economy Mission (KDEM) on August 09, 2026, to attract ₹5,000 crore in Global Capability Centre (GCC) investments to Karnataka over the next five years. The partnership aims to establish 50 new GCCs and expand existing centres, creating more than 62,500 direct and indirect jobs. It is also expected to generate an annual salary inflow of around ₹2,250 crore and increase demand for 1.25 million sq. ft of commercial real estate. Target markets include North America, Europe, Japan, South Korea, and West Asia.
Date : 2026-08-10
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