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IMF LOWERS GLOBAL GROWTH FORECAST TO 3%; INDIA’S TO 6.4% Why in the News? IMF Outlook Update: The International Monetary Fund lowered its 2026 global growth forecast to 3.0% and marginally reduced India’s GDP growth forecast for FY2026–27 from 6.5% to 6.4%. Reason: The revision reflects heightened uncertainty due to West Asia tensions, elevated energy …
Read MoreCALL OF DUTY: INDIA NEEDS TO ENHANCE ITS COMPETITIVENESS Syllabus: GS 3: Effect of liberalization on the economy. Economic Competitiveness. Why in the News? India’s growing focus on productivity, global competitiveness, and economic resilience has gained renewed importance amid global geopolitical disruptions, particularly after the Iran-U.S. conflict and release of the State of India’s Competitiveness …
Read MoreCentral Banks, Fiscal Deficits, and Emerging Debt Risks Syllabus: GS-2: Planning , Mobilization of Resources , Fiscal Policy, Direct & Indirect Farm Subsidies Why in the News ? Rising sovereign debt levels, especially in the United States, and the growing role of central banks in indirectly financing government deficits through quantitative easing (QE) and liquidity …
Read MoreUNCTAD Reports Gaza’s Deep Economic Collapse 2024 Why in the News ? A new UNCTAD assessment reveals that Gaza’s economy collapsed by 83% in 2024, pushing all 2.3 million residents into poverty, with massive infrastructure destruction and long-term developmental regression across Palestinian territories, making recovery dependent on humanitarian access, financing, and a sustained ceasefire. …
Read MoreIndia Retains Fastest-Growing Major Economy Status Globally Why in the News ? According to S&P Global Ratings, India’s GDP growth is projected at 6.5% in FY25, making it the fastest-growing major economy. Despite global challenges, India has demonstrated strong economic resilience through reforms, infrastructure expansion, and trade participation. This growth has implications for various sectors, …
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 MoreIMF Raises India’s Growth Forecast to 6.4% Why in the News ? The International Monetary Fund (IMF) has revised India’s GDP growth forecast for FY2025-26 and FY2026-27 to 6.4%, citing easing global trade tensions, improved financial conditions, and a more benign external environment compared to earlier projections. IMF Projections and Growth Outlook: India’s GDP growth …
Read MoreG20 Finance Ministers & Central Bank Governors Meeting – Durban, South Africa Duration: Two-day meeting in October Location: Durban, South Africa Outcome: Joint Communique and Chair’s Statement issued to boost global economic cooperation and global growth Key Themes Discussed: Global Economic Risks Ongoing wars, geopolitical tensions, and trade disruptions Supply chain vulnerabilities (due to war, …
Read MoreBRICS Nations Reject EU’s Carbon Border Tax Why in the News? BRICS nations have strongly condemned the European Union’s Carbon Border Adjustment Mechanism (CBAM), calling it unilateral, discriminatory, and unfair. This marks their toughest stance yet against climate-linked trade measures that affect developing economies’ competitiveness and development goals. BRICS Statement on Climate Measures: BRICS nations, …
Read MoreMoody’s Downgrade Signals Global Fiscal Credibility Crisis Why in the News? Moody’s, a leading credit rating agency, downgraded the US credit rating on May 16, signaling deep concerns over unsustainable fiscal deficits. This Moody’s news, which has become significant credit rating agency news, reflects a shift in global confidence, despite calm market reactions. For India, …
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