Current Affairs - Economy

Exercise : Economy - Latest Current Affairs
  • Economy - Latest Current Affairs
211.
What was the inflation rate in India's Wholesale Price Index (WPI) for March 2024?
0.94%
0.61%
0.53%
0.21%
Answer: Option
Explanation:
In March 2024, India's Wholesale Price Index (WPI) recorded a 0.53% inflation rate, driven by price increases in various sectors such as food, electricity, petroleum, machinery, and manufacturing.

212.
What is the milestone achieved by the Bombay Stock Exchange (BSE) market capitalization?
₹200-lakh crore
₹400-lakh crore
₹600-lakh crore
₹800-lakh crore
Answer: Option
Explanation:
The Bombay Stock Exchange (BSE) as its combined market capitalization reached ₹400-lakh crore for the first time. This reflects the growing valuation and strength of the BSE in the financial market, showcasing a substantial increase from previous milestones like ₹200-lakh crore.

213.
What was the value of India's digital services exports in 2023, according to the WTO report?
$125 billion
$257 billion
$350 billion
$420 billion
Answer: Option
Explanation:
India's digital services exports reached $257 billion in 2023, surpassing China and marking a 17 per cent increase from the previous year, as highlighted in the World Trade Organisation (WTO) report on digital services exports.

214.
What is Moody’s Analytics forecast for India’s GDP growth in 2024?
5.5%
6.9%
6.1%
6.5%
Answer: Option
Explanation:
Moody’s Analytics forecasts India's economy to grow by 6.1% in 2024, slightly higher than the previous estimate of 6%, reflecting a modest uptick in economic expansion amidst persistent challenges such as inflation and geopolitical tensions.

215.
What percentage has the Asian Development Bank (ADB) raised India's GDP growth forecast for the current fiscal year (FY25) to?
6.5%
7%
7.5%
8%
Answer: Option
Explanation:
The Asian Development Bank (ADB) has raised India's GDP growth forecast for FY25 to 7% from the previous estimate of 6.7%, citing robust investment in public and private sectors and improving consumer demand as key drivers of growth.