Current Affair Category: Indian Economy

Why in News ?  Starting June 15, 2026, India is transitioning from the traditional Wholesale Price Index (WPI) to a modern Producer Price Index (PPI)-based framework. This shift is designed to align India’s inflation monitoring with international best practices and provide a more granular view of economic costs. Key Components of the New System: Base […]

Introduction: The gig economy, characterized by platform-based, short-term, and task-oriented work, has become a significant driver of India’s labor market. While it promises flexibility and instant earning opportunities, it has increasingly become synonymous with precarious working conditions, algorithmic control, and the absence of traditional social security protections. Core Challenges Faced by Gig Workers: Algorithmic Management: […]

NITI Aayog’s Frontier Tech Hub has released India’s first comprehensive 10-year roadmap. The vision is to transform India from a country with high import dependence into a critical node in the global semiconductor value chain, targeting a USD 120–150 billion value chain by 2035. Five Strategic Pillars of the Roadmap: The roadmap is built around […]

Why in News? The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, has approved the integration and continuation of two existing schemes under a new umbrella scheme named SARTHAK-PDS (Scheme for Assistance in Ration Transport and Handling-Income with Automation in PDS) for the 16th Finance Commission cycle. Key Highlights: Financial Outlay: ₹25,530 […]

Why in news ? Adani Green Energy commissions a 3.37 GWh battery storage system, the largest outside China. Record-Breaking Milestone: Adani Green Energy Ltd (AGEL) has commissioned a cumulative 37 gigawatt-hour (GWh) Battery Energy Storage System (BESS) at Khavda, Gujarat. Global Significance: This is the largest single-location battery storage deployment outside of China and is […]

Why in the News? Record RBI Dividend: The Reserve Bank of India (RBI) board has approved a massive surplus transfer (dividend) of ₹2.87 lakh crore to the Government of India for the financial year 2025-26. Growth: This is a 6.7% increase compared to last year’s dividend of ₹2.69 lakh crore. Key Financial Metrics at a […]

Market Overview & Explosive Growth: Gold loans have emerged as the fastest-growing segment in India’s retail lending ecosystem. Surging Growth Rates: The gold loan portfolio has witnessed an explosive growth of 50.4% year-on-year and 15% quarter-on-quarter as of March 2026. Market Size: The total outstanding gold loan market (combining commercial banks and NBFCs) stands at […]

Why in News? India’s merchandise trade deficit widened to $28.4 billion in April 2026. According to an analysis by HDFC Bank, this expansion was primarily driven by import growth significantly outpacing the recovery in exports. Comparative Matrix of the Trade Deficit: April 2026: $28.4 billion April 2025 (Year-on-Year – YoY): $27 billion March 2026 (Month-on-Month […]

The Special Assistance to States for Capital Investment (SASCI) is a flagship fiscal initiative by the Central Government designed to boost infrastructure and economic growth at the state level through long-term financial support. Core Objective: The primary goal of SASCI is to provide long-term, interest-free loans to state governments to catalyze capital expenditure (Capex). This […]

The following notes synthesize the core arguments regarding the disconnect between aggregate GDP growth and individual economic prosperity. 1. The Growth-Prosperity Gap Ranking vs. Reality: Nominal GDP rankings (measured in USD) are often influenced by currency fluctuations and statistical revisions rather than deep structural transformation. Skewed Distribution: The top 1% now accounts for roughly 22.6% […]