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In conclusion, the “Economy and Finance Current Affairs” category page is an invaluable resource for individuals interested in economics, finance professionals, and aspirants preparing for competitive exams. It offers the latest updates, insights, and analyses related to the economy, finance, and financial markets. Stay tuned to this page to stay informed, enhance your knowledge, and excel in exams and professional endeavors that require a solid understanding of economic and financial current affairs.
India’s IIP Growth Falls to 5-Month Low of 1.1% in March on Poor Manufacturing Performance India’s industrial output growth fell to a five-month low of 1.1% in March, mainly due to poor performance in the manufacturing sector, according to data released by the government on Friday. The factory output, as measured by the Index of…
Article: India’s Unemployment Rate in April Rises to 8.11% from 7.8% in March India’s unemployment rate has risen to 8.11% in April 2023 from 7.8% in March 2023, as per the data released by the Centre for Monitoring Indian Economy (CMIE). The rise in the unemployment rate is a cause for concern, especially in the…
GST Revenues in India Hit Record High in April at ₹1.87 Lakh Crore In a piece of great news for the Indian economy, the Goods and Services Tax (GST) revenues for April 2023 touched a record high of ₹1.87 lakh crore. This revenue collection surpassed the previous month’s figure of ₹1.41 lakh crore by a…
India-Spain Joint Commission for Economic Cooperation The 12th session of the India-Spain Joint Commission for Economic Cooperation was held in New Delhi. The meeting was co-chaired by the Union Minister of Commerce and Industry, Piyush Goyal, and the Minister of Industry, Trade and Tourism of Spain, Reyes Maroto. The meeting aimed to enhance bilateral economic…
India Will Be Third Largest Economy by 2027-28: Piyush Goyal India is on its way to becoming the world’s third-largest economy by 2027-28, according to Union Minister Piyush Goyal. He made the announcement during a recent meeting of the Standing Committee on Commerce. Goyal stated that India’s economy is expected to grow at a rate…
MUDRA Yojana completes 8 years: Rs 23.2 lakh crore sanctioned The Micro Units Development and Refinance Agency (MUDRA) Yojana, launched on 8th April 2015, recently completed 8 years of operation. Under this scheme, loans are provided to micro and small enterprises at affordable interest rates. As of 31st March 2022, MUDRA has sanctioned Rs. 23.2…
India fiscal deficit : India’s April-February Fiscal Deficit at Rs 14.54 Lakh Crore: 83% of FY23 Target India’s fiscal deficit for the first eleven months of the fiscal year 2022-23 was Rs 14.54 lakh crore, which is equivalent to 83% of the target for the entire fiscal year, according to the data released by the…
Current Account Deficit Narrows to 2.2% of GDP in Q3 The current account deficit (CAD) of India has narrowed down to 2.2% of GDP in the third quarter of the fiscal year 2020-21, as per the data released by the Reserve Bank of India (RBI). This is a significant improvement from the previous quarter, where…
GST revenue collection increases 13% to ₹1.60 lakh crore in March 2023 The Goods and Services Tax (GST) revenue collection in India has increased by 13% to ₹1.60 lakh crore in March 2023, according to the Ministry of Finance. The government’s efforts to curb tax evasion, streamline tax administration, and promote digital transactions have resulted…
World Bank warns of a “Lost Decade” for the Global Economy The World Bank has issued a warning that the global economy is at risk of experiencing a “lost decade” due to the COVID-19 pandemic. According to the World Bank, the pandemic has caused a severe and widespread economic contraction, which has led to significant…
