Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
By how many basis points did the RBI Monetary Policy Committee increase the repo rate in October 2026?
Answer: Option
Explanation:
The Reserve Bank of India’s Monetary Policy Committee increased the policy repo rate by 25 basis points in its October 2026 meeting, taking the repo rate to 5.50%. The decision was taken during the 63rd MPC meeting held from 5 to 7 October 2026 under RBI Governor Sanjay Malhotra. A basis point is equal to one-hundredth of a percentage point, so a 25-bps increase represents a rise of 0.25 percentage points. The MPC cited strengthened inflationary pressures, including higher food and fuel prices, as an important reason for the rate hike. The policy stance was also changed to “calibrated tightening.”
Date : 2026-10-07
2.
What GDP growth rate has the World Bank forecast for India for FY 2026-27?
Answer: Option
Explanation:
7.1% is the World Bank’s revised GDP growth forecast for India for FY 2026-27. The World Bank raised its earlier projection of 6.6% made in April 2026, reflecting stronger-than-expected economic performance. India recorded 7.8% GDP growth in the first quarter of FY27, supported by robust private consumption, investment activity and strong performance across key sectors. Private consumption is expected to remain a major driver of growth, while higher public investment, infrastructure activity, stronger exports and resilient services are also supporting the outlook. However, global trade uncertainty, geopolitical tensions and a weak southwest monsoon remain important risks to India’s economic growth.
Date : 2026-10-07
3.
What is the renewable energy transmission capacity targeted under the Green Energy Corridor Phase-III project?
Answer: Option
Explanation:
The Green Energy Corridor Phase-III (GEC-III) project aims to enable the transmission of up to 135 GW of renewable energy through India’s Intra-State Transmission System. The Union Cabinet approved the project with a total outlay of ₹1,86,405 crore, including 50 GWh of Battery Energy Storage Systems (BESS). The project is targeted for completion by FY 2032-33, with ₹54,082 crore provided as Central Financial Support. GEC-III is designed to strengthen transmission infrastructure, integrate renewable energy into the national grid and improve grid flexibility. Battery storage will help manage renewable energy intermittency, transmission congestion and electricity demand during non-solar periods.
Date : 2026-10-01
4.
What is India’s rank in the WEF Travel and Tourism Development Index 2026?
Answer: Option
Explanation:
India ranked 31st in the World Economic Forum’s Travel & Tourism Development Index (TTDI) 2026, which evaluates 110 economies based on factors supporting sustainable and resilient tourism development. Japan topped the 2026 ranking, followed by the United States, Spain, Australia and France. India ranked 39th out of 119 economies in the 2024 TTDI, showing an improvement in its position in the 2026 edition. India’s strong natural and cultural tourism resources, along with improvements in tourism infrastructure, services and connectivity, contributed to its performance. The TTDI measures the enabling environment for tourism rather than simply counting tourist arrivals or tourism revenue.
Date : 2026-09-25
5.
What GDP growth rate has the Asian Development Bank forecast for India for FY2026-27?
Answer: Option
Explanation:
The Asian Development Bank (ADB) has raised India’s GDP growth forecast for FY2026-27 to 7%, up from its earlier forecast of 6.6%. The revision reflects stronger-than-expected economic performance, with India recording 7.8% GDP growth in the first quarter of FY2026-27. Robust domestic consumption, investment demand, manufacturing and services activity, and public infrastructure investment are expected to support economic momentum. ADB also highlighted improving logistics infrastructure and regulatory measures as factors supporting private investment. For FY2027-28, ADB has projected India’s GDP growth at 7.1%, compared with its earlier forecast of 7.3%.
Date : 2026-09-24
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