Economy — current affairs

The day’s current affairs covered in full — the terms, names and facts UPSC actually asks about, in six languages.

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WIPO Global Innovation Index 2025

WIPO Global Innovation Index 2025

Why in news? The World Intellectual Property Organization (WIPO) released its Global Innovation Index 2025, ranking 139 economies. India rose to 38th ...

Operation Weed Out

Operation Weed Out

Why in news? The Directorate of Revenue Intelligence (DRI), India’s premier anti‑smuggling agency under the Central Board of Indirect Taxes and Cu...

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Indian Dairy Sector

Why in news? Debate has arisen over whether India should liberalise dairy imports as part of free trade negotiations. Farmers’ organisations argue t...

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India’s Outward FDI & Tax Havens

Why in news? Recent data show that a large share of India’s outward foreign direct investment (OFDI) is routed through a handful of low‑tax jurisd...

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Involution – Hyper‑competition with Diminishing Returns

Why in news? The term “involution” has been used to describe recent price wars in China’s electric vehicle (EV) industry, where intense competit...

Rationalising Tariffs for a Competitive India

Rationalising Tariffs for a Competitive India

Why in news? The United States recently imposed 50% tariffs on a range of Indian goods, reigniting debate on India’s high import duties. The U.S. ha...

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Bhadohi’s Handmade Carpet Industry Faces a Crisis

Why in news? Bhadohi’s hand‑knotted carpet industry — which accounts for more than 60% of India’s carpet exports — is reeling after the Unit...

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AIDIS & SAS 2026–27 Surveys

Why in news? The National Statistical Office (NSO) announced that it will conduct two important surveys between July 2026 and June 2027: the All India...

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Decentralised Finance (DeFi)

Why in news? The rapid growth of decentralised finance has raised concerns about its potential use for terror financing and money laundering. Experts ...

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The U.K.–India Infrastructure Financing Bridge (UKIIFB)

Why in news? Launched during the 2024 India–UK Economic and Financial Dialogue, the UKIIFB marked its first anniversary with a report recommending p...

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GST 2.0: A Strategic Reform for India’s Economic Future

Why in news? India is preparing to roll out the next phase of its Goods and Services Tax (GST). The proposed “GST 2.0” seeks to collapse multiple ...

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Indian Generics: A Global Public Good

Why in news? India’s pharmaceutical industry supplies a large share of the world’s generic medicines. In September 2025 policymakers called for us...

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