Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What was India’s unemployment rate for individuals aged 15 years and above in July 2026?
Answer: Option
Explanation:
India’s unemployment rate for individuals aged 15 years and above declined to 5.1% in July 2026, compared with 5.5% in June 2026, according to the Periodic Labour Force Survey (PLFS) Monthly Bulletin released by the National Statistics Office (NSO). The decline was accompanied by improvements in labour market indicators. The overall Labour Force Participation Rate (LFPR) increased to 55.4%, while the Worker Population Ratio (WPR) rose to 52.5%. Rural unemployment also decreased to 4.5%. The survey used the Current Weekly Status (CWS) approach for estimating employment and unemployment conditions.
Date : 2026-08-21
2.
What GDP growth rate has Ind-Ra projected for India for FY27?
Answer: Option
Explanation:
Ind-Ra has raised its forecast for India’s GDP growth in FY27 to 6.8%, up from its earlier estimate of 6.7%. The revision is mainly attributed to lower crude oil prices, with the agency reducing its baseline crude oil price assumption from $95 to $85 per barrel. However, Ind-Ra highlighted several risks, including El Niño conditions, high inflation, geopolitical tensions in West Asia, weak global trade, and unfavourable agricultural conditions. The projected growth remains below the 7.6% growth rate given in the provisional FY26 estimates by the National Statistical Office.
Date : 2026-08-19
3.
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
4.
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
5.
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
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