Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What was India’s retail inflation rate in August 2025?
Answer: Option
Explanation:
India’s retail inflation, measured by the Consumer Price Index (CPI), stood at 2.07% in August 2025, rising from 1.61% in July. Even with this uptick, the figure remained well below the Reserve Bank of India’s 4% target, offering relief to households and leaving room for accommodative monetary policy. The increase was largely driven by higher prices in categories like vegetables, meat, fish, oil, fats, and personal care, even though food inflation overall remained in deflation for the third straight month. With inflation still comfortably within RBI’s tolerance band, the environment supports economic growth while maintaining price stability.
Date : 2025-09-13
2.
What is Fitch Ratings’ upgraded forecast for India’s GDP growth in FY25?
Answer: Option
Explanation:
Fitch Ratings revised India’s FY25 GDP growth forecast upward to 6.9%, an increase from its earlier estimate of 6.5%. This revision reflects strong domestic demand, resilient private sector activity, and the positive impact of GST reforms. Consumer spending and supportive financial conditions, including stable interest rates and liquidity, have strengthened India’s economic outlook despite global trade challenges. GST reforms are expected to further enhance compliance, lower costs of doing business, and stimulate consumption. Fitch also projects India’s economy will maintain robust momentum in the medium term, averaging 6.3% growth by FY27, keeping the country ahead of global growth trends.
Date : 2025-09-11
3.
Where was the UPI–UPU Integration launched during the 28th UPU Congress?
Answer: Option
Explanation:
The UPI–UPU Integration was launched in Dubai during the 28th UPU Congress by Jyotiraditya Scindia. This integration connects India’s Unified Payments Interface (UPI) with the Universal Postal Union (UPU) platform, making global remittances faster, safer, and more affordable. By linking the systems, India aims to enhance financial inclusion, strengthen cross-border digital transactions, and reduce the cost of sending money internationally. Additionally, India pledged USD 10 million towards innovation, e-commerce, and digital payments. This initiative also aligns with the United Nations’ sustainable development goal of reducing global remittance costs to below 3% by 2030, thus empowering millions of migrant workers and their families.
Date : 2025-09-10
4.
What are the revised GST slabs under the new structure effective from September 2025?
Answer: Option
Explanation:
The GST Council has undertaken a major reform by reducing the number of slabs from four to two, fixing them at 5% and 18%. In addition, a new 40% slab has been introduced for sin goods such as tobacco, liquor, sugary drinks, and luxury items to discourage their consumption and increase revenue. Essential goods, along with healthcare and education related items, will now become more affordable under the 5% slab, while most durable goods will attract 18%. Coal has been shifted into the 18% category, making it costlier. This restructuring aims to simplify compliance, reduce confusion, ease consumer budgets, and boost demand across sectors.
Date : 2025-09-04
5.
What is Morgan Stanley’s revised GDP growth forecast for India for FY26?
Answer: Option
Explanation:
Morgan Stanley has upgraded India’s GDP growth forecast for FY26 to 6.7%, revising it upward from the earlier estimate of 6.2%. The decision is driven by India’s strong 7.8% GDP growth in Q1, reflecting robust private and government consumption, healthy investment momentum, and supportive agricultural output due to a good monsoon. Additionally, impending GST cuts and the festive season are expected to further boost domestic demand. While external headwinds such as weaker exports and higher US tariffs pose challenges, these are likely to be offset by resilient rural consumption and front-loaded government expenditure, strengthening India’s growth trajectory.
Date : 2025-09-03
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