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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 MoreSTEERING THE INDIAN ECONOMY AMIDST GLOBAL TROUBLES Syllabus: GS-3: ● Indian Economy ● Issues related to development Why in the News? The global economy faces a transformative phase marked by trade wars, tariff revisions, and geopolitical tensions. India must strategize to navigate uncertainties and leverage opportunities to secure growth and resilience in this evolving landscape, …
Read MoreWhy in the news? The RBI’s Monetary Policy Committee (MPC) decided to keep the repo rate at 6.5%, marking the eighth consecutive hold. Focus:The decision aims to combat high inflation while supporting economic growth. source:scribd About Repo Rate: Definition: Interest rate at which the central bank lends to commercial banks for short periods. Purpose: Control …
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