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INDIA SLIPS TO SIXTH LARGEST ECONOMY Why in the News? Global ranking shift: International Monetary Fund data shows India slipped to sixth-largest economy in 2026 behind UK and Japan. Economic reassessment: GDP revision and rupee depreciation reduced India’s GDP in dollar terms, affecting its global ranking. Reasons behind India’s decline in global GDP ranking GDP …
Read MoreCPI Base Year Revision Syllabus GS 3: Inflation Why in the News? Recently, India updated the Consumer Price Index base year from 2012 to 2024 using new consumption survey data to better reflect changing spending patterns and improve inflation measurement accuracy, similar to how environmental clearances are periodically reviewed to ensure relevance. Introduction Inflation affects …
Read MoreWhy in the news? Core sector output in India surged by 6.7% in February, led by notable growth in coal, natural gas, and cement industries. source:TH Key Highlights of the Core Sector Output Growth: India’s eight core sectors witnessed a significant growth spurt of 6.7% in February, reaching a three-month high. Double-digit increases in coal, …
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