Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What is the percentage of tariff imposed by Donald Trump on Indian goods exported to the United States starting August 1, 2025?
Answer: Option
Explanation:
Donald Trump imposed a 25% tariff on Indian goods exported to the United States, effective from August 1, 2025. This move marks a significant escalation in trade tensions between the two countries. Trump justified the decision by citing India's high tariff barriers and ongoing military and energy ties with Russia during the Ukraine conflict. Alongside the tariff, a penalty was also announced for India's continued imports of Russian oil and weapons. The tariff decision followed a temporary 90-day suspension period and reflects growing geopolitical friction as well as trade-related disagreements between India and the US, potentially affecting key export sectors.
Date : 2025-07-31
2.
What is the IMF’s revised GDP growth forecast for India for the years 2025 and 2026?
Answer: Option
Explanation:
The International Monetary Fund (IMF) has revised India’s GDP growth forecast upward to 6.4% for both 2025 and 2026. This update reflects improved global financial conditions, a weaker US dollar, and reduced trade pressures due to lower-than-expected global tariffs. These favourable external factors, combined with India’s strong domestic demand and economic reforms, have positioned it as the fastest-growing major economy in the world. The IMF’s projection, calculated on a calendar year basis, indicates a resilient economic trajectory for India despite global uncertainties, reinforcing its attractiveness as a destination for foreign investment and a model of emerging market stability.
Date : 2025-07-30
3.
By what percentage did India’s net FDI inflows fall in May 2025, according to the RBI bulletin?
Answer: Option
Explanation:
In May 2025, India witnessed a staggering 98% year-on-year decline in net Foreign Direct Investment (FDI) inflows, dropping to just $35 million from over $2 billion in May 2024. This significant fall was driven by a sharp increase in repatriation by foreign investors and a drop in gross inflows. Despite the downturn, India’s economic resilience is evident from its strong foreign exchange reserves of $696.7 billion, which provide more than 11 months of import cover and cover 95% of external debt. The situation highlights the volatility of global capital flows and the importance of maintaining macroeconomic stability.
Date : 2025-07-25
4.
What is the projected global economic growth rate for 2025 according to the UNCTAD report?
Answer: Option
Explanation:
According to the United Nations Conference on Trade and Development (UNCTAD) report titled “Trade and Development Foresights 2025: Under Pressure – Uncertainty Reshapes Global Economic Prospects,” global economic growth is expected to slow down to 2.3% in 2025. The report reviews the impact of financial uncertainty, trade tensions, and development challenges on the global economy. This lower growth forecast reflects concerns over rising geopolitical instability, inflation, and weaker demand in key economies. It highlights the need for stronger multilateral cooperation and strategic economic planning to navigate an increasingly complex global landscape.
Date : 2025-07-11
5.
What is India’s rank among the world’s most equal societies according to the World Bank?
Answer: Option
Explanation:
India has been ranked 4th among the world’s most equal societies by the World Bank, based on the Gini Index. With a score of 25.5, India follows only the Slovak Republic (24.1), Slovenia (24.3), and Belarus (24.4), which means India is ahead of most countries globally in terms of income and wealth equality. The Gini Index is a standard economic measure of inequality, where a lower value signifies a more equal distribution. This ranking reflects significant progress in economic inclusivity and income distribution within India, positioning it as a leading example among developing nations striving for social and economic equity.
Date : 2025-07-07
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