Current Affairs - Economy

Exercise : Economy - Latest Current Affairs
  • Economy - Latest Current Affairs
236.
What was India's merchandise trade deficit for the fiscal year 2023-24?
$189.55 billion
$410.68 billion
$571.28 billion
$240.2 billion
Answer: Option
Explanation:
India's merchandise trade deficit for FY23-24 reached $240.2 billion, representing a notable reduction and marking an 11-month low in trade deficit.

237.
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.

238.
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.

239.
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.

240.
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.