Tag Archives: UPSC Economy Current Affairs

GS 3 – ECONOMY Background The Reserve Bank of India’s (RBI) Financial Stability Report 2024 highlights a surge in household debt, with a shift toward more creditworthy borrowers. However, the growing trend of consumer loans raises concerns about broader macroeconomic stability. Household Debt Trends Debt-to-GDP Ratio: Increased from 36.6% in …

SUBJECT: GS-3: Economy (Taxation, Disaster Management) GS-2: Governance (Federalism, Fiscal Policy) Key Highlights Formation of the GoM The GST Council constituted a Group of Ministers (GoM) to devise revenue mobilisation strategies for natural calamities. The decision was made in a meeting on December 21, 2024, to ensure a structured fiscal …

GS-3: Economy (Trade & Growth, Services Sector, AI Disruption) GS-2: International Relations (Tariff Policies, Global Trade) Key Highlights India’s Economic Momentum: Services PMI rose to 59 in February (from 56.5 in January), indicating strong sectoral growth. Manufacturing PMI fell to a 14-month low (56.3 in February), reflecting global slowdown concerns. …