Current Affairs

Fitch Ratings

Global rating agency Fitch Ratings upped Indias average growth estimate for 2023-2028 to 6.4 percent, from 6.2 percent on 22 May 2025.

India fourth largest exporter of marine products.

Union Commerce and Industry ministry said, India is now the fourth largest exporter of marine products.

Expected to record a 6.3 percent growth this fiscal year (2025-26)

According to the UN, India remains the fastest-growing large economy and is expected to record a 6.3 percent growth this fiscal year (2025-26), while the global economy faces a “precarious moment”.

Bhutan

Bhutan became the first country to launch a nationwide tourism payment infrastructure powered by cryptocurrency, marking a significant milestone in national-level blockchain adoption.

Worlds first commercial-scale e-methanol plant

The worlds first commercial-scale e-methanol plant began operations in Denmark on 13 May 2025, with shipping giant Maersk set to buy part of the production as a low-emission fuel for its fleet of container ships.

Public sector banks

Public sector banks cumulative profit rose to a record level of Rs.1.78 lakh crore in the fiscal year ended March 2025, registering a growth of 26 percent over the previous year (2023-24). All 12 public sector banks had earned a total profit of Rs.1.41 lakh crore in FY24.

Global sovereign credit rating agency on 9 May 2025

India got a rating upgrade to BBB with a Stable outlook from Morningstar DBRS, a global sovereign credit rating agency on 9 May 2025.

International Monetary Fund (IMF)

According to the latest World Economic Outlook released by the International Monetary Fund (IMF).

Free Trade Agreement (FTA) on 6 May 2025

India and the United Kingdom have officially signed a landmark Free Trade Agreement (FTA) on 6 May 2025, that promises to reshape the future of bilateral trade, create new employment opportunities, and strengthen Indias integration with global markets.

Reserve Bank of India

As per the latest data released by the Reserve Bank of India, Indias total exports have touched an all-time high of 824.9 billion dollars in the financial year 2024-25, which includes the services trade for March 2025.

Goods and Services Tax (GST)

Goods and Services Tax (GST) collection rose 12.6 percent to an all-time high of about Rs 2.37 lakh crore in April 2025 compared to the same month last year.