← 30 October 2026's Current Affairs · Economy GA Prelims ★★★★☆ Mains ★★★☆☆
Finance Ministry sees expansion sustained through FY27
बातमीत का?
Growth to last through FY27? The GDP, IIP and credit indicators GS3 Economy answers must cite
Monthly review: growth momentum to last through FY27.
Why it matters: factual, Prelims-type
What you need to know
2 मिनिटे
The Finance Ministry's monthly economic review says the Indian economy may sustain its expansion through FY27.
It cites strong industrial activity, resilient services and domestic credit growth as the supports of momentum.
स्रोत: Topper IAS editorial (PIB / The Hindu / Indian Express)
महत्त्वाची तथ्ये
Remember these
- The Finance Ministry's monthly economic review says India's expansion may be sustained through FY27.
- Supports of momentum cited: strong industrial activity, resilient services and domestic credit growth.
- FY27 means the financial year April 2026 to March 2027.
- The monthly review is brought out by the Department of Economic Affairs of the Finance Ministry.
- Industrial activity is tracked by the Index of Industrial Production (IIP); credit growth by RBI bank credit data.
पूर्व · मुख्य
How the exam will ask it
पूर्व
- The Monthly Economic Review is published by the Department of Economic Affairs, Ministry of Finance.
- The Index of Industrial Production (IIP) measures changes in the volume of production in mining, manufacturing and electricity.
- Financial year in India runs from 1 April to 31 March, so FY27 ends on 31 March 2027.
मुख्य
GS3 Economy (growth and development): the review attributes sustained expansion to industry, services and bank credit. Link this to supply-side policy and monetary transmission, then weigh risks such as global demand, commodity prices and uneven credit flow. A way forward stresses investment-led growth, MSME credit access and fiscal prudence.
Quick recall
Answer before you reveal
The Department of Military Affairs, to which Air Marshal Vikram Gaur was appointed Additional Secretary in October 2026, is headed by the:
- Chief of Defence Staff
- Defence Secretary
- Chief of the Air Staff
- National Security Adviser
उत्तर पहा
उत्तर: A — Correct: Chief of Defence Staff — The CDS is also the Secretary of the Department of Military Affairs, which he heads. • Defence Secretary — wrong: The Defence Secretary heads the Department of Defence, a separate department. • Chief of the Air Staff — wrong: The Air Chief commands the IAF and does not head the Department of Military Affairs. • National Security Adviser — wrong: The NSA advises on security policy and does not head a Ministry of Defence department.
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