Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What was the annual rate of inflation based on the Wholesale Price Index (WPI) for March 2026 in India?
Answer: Option
Explanation:
The Wholesale Price Index (WPI) inflation for March 2026 in India was recorded at 3.88% on a year-on-year basis. WPI reflects price changes at the wholesale or factory level and is an important indicator of inflationary trends in the economy. Among the components, Primary Articles showed higher inflation at 6.36%, while Manufactured Products stood at 3.39% and Fuel & Power at 1.05%. Despite stable food inflation at 1.85%, sharp price fluctuations were observed in commodities like crude petroleum and vegetables, indicating sector-specific volatility within the broader inflation framework.
Date : 2026-04-16
2.
What was the total value of India’s exports in the financial year 2025–26?
Answer: Option
Explanation:
India achieved a record total export value of $860.09 billion in the financial year 2025–26, reflecting a growth of 4.22% compared to the previous fiscal year. This increase was driven by both merchandise and services exports, with services showing notable growth. Despite the strong export performance, imports grew at a faster rate, resulting in a widened trade deficit. The export growth highlights India’s expanding global trade presence and diversification across sectors, while also indicating the need to manage rising imports to maintain a balanced trade position.
Date : 2026-04-16
3.
What GDP growth rate did the International Monetary Fund project for India for FY27 in its April 2026 outlook?
Answer: Option
Explanation:
In April 2026, the International Monetary Fund (IMF) revised India’s GDP growth forecast for the financial year 2026–27 to 6.5%, reflecting a slight increase from its earlier estimate of 6.4% made in January. This upward revision was driven by strong economic performance in the previous fiscal year and improved global conditions, including reduced tariffs on Indian exports by the United States. The IMF also projected that India would sustain this growth rate into FY28. Despite global uncertainties and slower trade growth, India’s economy is expected to remain resilient among emerging markets.
Date : 2026-04-15
4.
What was the percentage growth in India’s patent filings in the fiscal year 2025-26 compared to the previous year?
Answer: Option
Explanation:
30.2% represents the growth rate of patent filings in India for the fiscal year 2025-26 compared to the previous year. This significant increase reflects the country’s expanding innovation ecosystem and rising participation from domestic inventors. The total number of applications reached a record high, demonstrating consistent growth over the past decade. A large share of filings came from Indian innovators, indicating stronger research and development activities within the country. The trend also highlights improvements in intellectual property awareness, regulatory support, and the overall strengthening of India’s position in the global innovation landscape.
Date : 2026-04-14
5.
What is the name of the medium-term strategic framework launched by the Reserve Bank of India in April 2026 to modernise the country's financial and technological landscape?
Answer: Option
Explanation:
Utkarsh 2029 is the medium-term strategic framework introduced by the Reserve Bank of India to enhance and modernise the financial ecosystem. It outlines a structured plan covering a three-year period from April 2026 to March 2029. The framework includes initiatives such as modernisation of currency management, expansion of digital banking infrastructure, and improved financial inclusion through nationwide systems. It also focuses on technological advancements like Central Bank Digital Currency, Artificial Intelligence regulations, and global expansion of payment systems, building upon earlier strategies to ensure a more robust and efficient financial environment.
Date : 2026-04-14
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