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CURRENT ACCOUNT SURPLUS IN Q4 FY26 Why in the News? RBI Data: India recorded a Current Account Surplus (CAS) of 0.7% of GDP in the March quarter (Q4 FY26), lower than 1.4% in the corresponding quarter of the previous year. Annual Position: For FY26, the Current Account Deficit (CAD) stood at $25.2 billion (0.6% of …
Read MoreIndia Shifts Towards Producer Price Index Framework Why in the News ? The Government of India has decided to gradually replace the Wholesale Price Index (WPI) with a Producer Price Index (PPI) system. The move aims to modernize India’s inflation measurement framework, improve price tracking, and align with international statistical standards, similar to how environmental …
Read MoreRising Discrepancies Raise Questions Over India’s GDP Data Why in the News ? India’s new GDP series (base year 2022-23) has revealed a sharp rise in statistical discrepancies, raising concerns about data credibility. The gap between GDP and its components has widened, reviving debates on methodology, inflation measurement, and reliability of official estimates. Key Issues …
Read MoreA REVISION OF GDP AND ITS IMPLICATIONS Why in the News? India has released a revised GDP series with 2022–23 as the new base year, replacing the earlier 2011–12 base year series. The revision reduces the estimated absolute size of GDP and alters the sectoral composition of production in the economy. While the correction in …
Read MoreNew GDP Base Year Series Excludes UPI Data Why in the News ? The Ministry of Statistics and Programme Implementation (MoSPI) will release a revised GDP series with 2022–23 as the base year. However, it has decided not to include Unified Payments Interface (UPI) transaction data due to instability and methodological limitations in accurately estimating …
Read MoreSyllabus: GS Paper – 3 Planning, Inclusive Growth, Mobilization of Resources Why in the News? India’s Finance Ministry recently described the economy as being in a “Goldilocks situation” — marked by moderate growth, subdued inflation, and supportive monetary conditions. However, stagnant real wages, volatile food inflation, and rising inequality raise concerns about whether this balance …
Read MoreINDIA’S SERVICES PMI RISES TO 10-MONTH HIGH IN JUNE Why in the News? PMI Surge: India’s Services PMI, also known as the business activity index, rose to 60.4 in June, up from 58.8 in May, marking a ten-month high according to the latest S&P Global PMI survey conducted in collaboration with HSBC India. Domestic boost: …
Read MoreWhy in the news? Industrial output growth in India slows to 4.9% in March, attributed to a decline in mining and surge in electricity. source:wordpress About Industrial Output Growth Slows to 4.9% in March: India’s industrial output growth decelerated to 4.9% in March, down from 5.6% in February, as reported by the National Statistical Office. …
Read MoreConcept of Income Income represents the financial inflow that an individual, business, or any entity receives over a period, primarily as a compensation for providing labor, services, or products. This concept is pivotal in both personal finance and the broader economy, influencing decisions ranging from individual spending and savings to government tax policies and economic …
Read MoreWhy in the news? India’s manufacturing sector records strong performance in April, with robust domestic demand driving growth, according to HSBC’s PMI survey. source:researchgate About Manufacturing Activity : HSBC India Manufacturing PMI indicates slight easing in April but remains at 58.8, marking the second-best improvement in 42 months. New orders surge at the second-fastest pace …
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