Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
What was India’s global rank in the renewable energy market in 2025 according to the IRENA report?
Answer: Option
Explanation:
3rd is India’s global rank in the renewable energy market in 2025 as per the IRENA Renewable Capacity Statistics 2026 report. This achievement reflects India’s rapid expansion in renewable energy capacity, which reached 250.5 GW. The growth was largely driven by significant additions in solar and wind energy, including 37 GW of solar capacity and a record increase in wind power. India now stands behind only China and the United States in renewable energy capacity, highlighting its strong commitment to sustainable energy development and its growing role in the global transition to clean energy.
Date : 2026-04-04
2.
Which organisation launched the ‘Kar Saathi’ AI assistant and a new website to simplify the tax-filing process?
Answer: Option
Explanation:
Income Tax Department launched the ‘Kar Saathi’ AI-powered assistant along with a new official website to streamline and simplify the tax-filing process. This initiative aims to provide taxpayers with a centralised and user-friendly platform for accessing direct tax-related services and information. The AI chatbot offers round-the-clock assistance, helping users resolve queries efficiently. As part of broader administrative reforms, the move aligns with efforts to modernise tax systems, reduce complexity, and enhance transparency. The initiative also supports the government’s vision of a technology-driven tax framework under the upcoming Income Tax Act, 2025.
Date : 2026-04-03
3.
Who has been appointed as the new Chief Executive Officer (CEO) of IndiGo?
Answer: Option
Explanation:
William Walsh has been appointed as the new Chief Executive Officer of IndiGo, bringing decades of experience in the global aviation industry. Currently serving as the Director General of the International Air Transport Association (IATA), he is expected to assume office by August 3, 2026, subject to regulatory approvals. His career began as a pilot before advancing into leadership roles, including CEO of British Airways and later heading International Airlines Group (IAG). His expertise in airline management and global operations is expected to support IndiGo’s expansion, strategic growth, and enhancement of customer experience.
Date : 2026-04-02
4.
What is Goldman Sachs’ revised GDP growth forecast for India in 2026?
Answer: Option
Explanation:
Goldman Sachs has revised India’s GDP growth forecast for 2026 to 5.9%, reflecting concerns over rising global oil prices and economic uncertainties. India, being a major importer of crude oil, is highly vulnerable to fluctuations in energy prices, which can increase inflation and widen the trade deficit. Additionally, factors such as the weakening rupee and global supply disruptions contribute to slower economic momentum. Higher inflation may prompt the Reserve Bank of India to increase interest rates, which can reduce consumer demand and investment, further affecting overall economic growth in the short term.
Date : 2026-03-29
5.
What GDP growth rate has the OECD projected for India in FY26?
Answer: Option
Explanation:
The OECD has projected India’s GDP growth at 7.6% for FY26, highlighting the country’s strong economic resilience despite global uncertainties. This growth is supported by robust domestic demand, increasing infrastructure investments, and expansion in technology-driven sectors. Additionally, favourable trade conditions and a growing middle class contribute to sustained consumption and industrial activity. However, challenges such as rising global energy prices and geopolitical tensions, particularly in West Asia, may affect future growth prospects. The projection reflects optimism about India’s economic fundamentals while also cautioning about potential slowdowns due to external pressures.
Date : 2026-03-29
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