Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What was the year-on-year bank credit growth reported for October 2025?
Answer: Option
Explanation:
The bank credit growth for October 2025 stood at 11.3%, reflecting a slowdown in lending activity across the financial sector. This moderation is linked to factors such as reduced loan demand, cautious lending behaviour by banks, and broader global economic uncertainties. Slower credit growth can impact industries, MSMEs, NBFCs and retail borrowers by delaying investment cycles and affecting expansion plans. Meanwhile, deposit growth accelerated, creating a liquidity surplus that may pressure banks to rethink their strategies for deploying funds efficiently. The 11.3% figure is significant because it highlights a pivotal shift in India’s credit-deposit dynamics and signals potential policy considerations ahead.
Date : 2025-11-16
2.
What is the new reduced GI tag application fee aimed at supporting tribal artisans and traditional crafts?
Answer: Option
Explanation:
The government has lowered the Geographical Indication (GI) tag application fee from ₹5,000 to ₹1,000 to make the process more accessible for tribal artisans and those engaged in traditional crafts. This reduction is intended to encourage more communities to register their unique products, thereby helping preserve cultural heritage and promoting regional identity. GI tags play an essential role in safeguarding items whose reputation, quality, or characteristics are linked to their place of origin. Products such as Kannadippaya, Apatani textile, Marthandam honey, Lepcha Tungbuk, Bodo Aronai, Ambaji Marble, and Badri cow ghee exemplify this cultural and geographical significance.
Date : 2025-11-15
3.
What is the projected real GDP growth rate for India in Q2 FY26?
Answer: Option
Explanation:
India’s real GDP growth for Q2 FY26 is estimated at 7.2%, reflecting a strengthening economic environment supported by robust private consumption, steady services sector performance, and sustained investment demand. Private consumption saw improved momentum due to rising real incomes, rural wage growth, low inflation, and tax relief measures from the FY26 Budget. On the supply side, both services and manufacturing contributed to higher output, aided by lower input costs. Investment activity remained stable, driven by government infrastructure spending and private sector capital formation. Despite global uncertainties, these factors combined to support India’s strong real GDP expansion for the quarter.
Date : 2025-11-13
4.
What was India’s unemployment rate in the second quarter (Q2) of 2025 according to MoSPI’s Periodic Labour Force Survey?
Answer: Option
Explanation:
In Q2 2025, India’s unemployment rate for individuals aged 15 years and above fell to 5.2%, reflecting a modest but positive improvement in the labour market. This decline from 5.4% in Q1 2025 indicates better job creation and higher labour absorption, especially in rural areas supported by agricultural and government-led employment schemes like MGNREGA. The data, based on the Current Weekly Status (CWS) approach of MoSPI’s Periodic Labour Force Survey, also highlighted a rise in the female labour participation rate to 33.7% and a slight increase in the overall Labour Force Participation Rate (LFPR) to 55.1%, showing signs of gradual employment recovery.
Date : 2025-11-11
5.
By which year is India’s bioeconomy projected to reach $300 billion according to NITI Aayog?
Answer: Option
Explanation:
According to NITI Aayog’s report titled “Reimagining Agriculture: A Roadmap for Frontier Technology Led Transformation,” India’s bioeconomy is expected to reach $300 billion by the year 2030. The projection covers key sectors such as agriculture, forestry, fisheries, and aquaculture. The report emphasizes the use of frontier technologies like artificial intelligence, digital twins, precision farming, and climate-resilient seeds to drive sustainable productivity growth. Under the leadership of NITI Aayog CEO BVR Subrahmanyam, this vision aims to position India as a global leader in bio-based innovation and economic transformation.
Date : 2025-11-06
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