DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 14th April 2026

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  • April 15, 2026
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(PRELIMS  Focus)


Spring Harvest Festivals of India: Baisakhi, Vishu, Puthandu and More

Why in News?

  • India is celebrating a series of traditional New Year and harvest festivals in April 2026, marking the onset of spring and the solar new year
  • Mesha Sankranti (transition of Sun into Aries) occurred on April 14, 2026, triggering these celebrations across different regions

What is Mesha Sankranti?

Astronomical Basis

  • Marks the transition of the Sun into the zodiac sign of Aries (Mesha)
  • Occurs around April 14-15 every year
  • Forms the basis for most traditional solar New Year festivals in India 

Fluctuating Dates

  • Because festivals are governed by solar and lunisolar calendars, exact dates vary between April 14 and 15
  • Based on local sunrise and tithi (lunar day) calculations 

 

Major Spring Festivals of India

Puthandu (Tamil New Year)

  • Puthandu (April 14) marks the start of Chithirai in Tamil Nadu, celebrated with kolams, Mangai-pachadi symbolising life’s flavours, and greetings “Puthandu Vaazhthugal.”

Baisakhi (Vaisakhi)

  • Baisakhi (April 14) marks the wheat harvest, Sikh Khalsa formation by Guru Gobind Singh in 1699, the Hindu solar New Year, and is linked to the Jallianwala Bagh massacre.

Vishu (Malayalam New Year)

  • Vishu (April 15, 2026) marks the start of Medam in Kerala’s solar calendar, symbolising the equinox, and is celebrated with Vishukkani, Vishukaineettam, and the Vishu Sadya feast.

Bohag Bihu (Rongali Bihu)

  • Rongali Bihu (April 15, 2026) in Assam marks the harvest season with a seven-day festival (Xaat Bihu), including Goru Bihu for livestock and Manuh Bihu for seeking elders’ blessings.

 

Poila Boishakh (Naba Barsha)

  • Poila Baisakh (April 15, 2026) marks the Bengali New Year in West Bengal, beginning the financial year (Haal Khata) with greetings “Shubho Noboborsho,” and is the second biggest festival after Durga Puja.

Other Regional New Year Festivals

  • Pana Sankranti – Odisha (April 14) 
  • Ugadi – Telangana, Andhra Pradesh, Karnataka (celebrated in March/April) 
  • Gudi Padwa – Maharashtra (celebrated in March/April) 
  • Navreh – Kashmiri Pandits (celebrated in March/April) 
  • Losoong – Sikkim (Bhutia and Lepcha communities) 
  • Cheiraoba – Manipur 
  • Buisu – Tripura 

 

Common Themes and Significance

Shared Values Across Festivals

  • Renewal and new beginnings: All festivals symbolise fresh start, introspection and spiritual grounding
  • Gratitude for harvest: Farmers express thanks for a bountiful harvest
  • Family and community: Traditions involve seeking blessings from elders, sharing meals, and community gatherings
  • Prosperity and abundance: Rituals involving gold, grains, and auspicious items symbolise hopes for prosperity 

Common Ritual Elements

  • Auspicious sighting: Vishukkani (Kerala), Kanni (Tamil Nadu)
  • Special dishes: Each region has distinctive festive cuisine
  • Cleaning and decoration: Homes cleaned and decorated with kolams, rangoli or flower arrangements
  • Temple visits and prayers 

 

Static-Dynamic Linkage

  • Static: April festivals reflect solar-based Mesha Sankranti, linking harvest traditions (Baisakhi, Bihu, Vishu, Puthandu) with regional calendars like Tamil (Chithirai) and Malayalam (Medam).
  • Dynamic: On April 14, 2026, Mesha Sankranti led to nationwide celebrations, showcasing unity in diversity through different regional festivals with the same astronomical and harvest basis.

Source/Reference:

https://www.pib.gov.in/PressReleasePage.aspx?PRID=2251733&reg=3&lang=1


Dr. B.R. Ambedkar Jayanti: 135th Birth Anniversary Commemorated

Why in News?

  • The nation celebrated the 135th birth anniversary of Dr. Bhimrao Ramji Ambedkar on April 14, 2026 

 

Who was Dr. B.R. Ambedkar? (Life at a Glance)

Basic Profile

  • Born: April 14, 1891 in Mhow (now Dr. Ambedkar Nagar), Madhya Pradesh 
  • Born into: Impoverished Dalit Mahar family 
  • Died: December 6, 1956

Honours and Titles

  • Bharat Ratna (1990) – India’s highest civilian award 
  • “Babasaheb” – fondly called by followers
  • “Father of the Indian Constitution” – chief architect of India’s Constitution 
  • First Law and Justice Minister of independent India 

 

Key Contributions and Achievements

Constitutional Architect

  • Chairman of the Constitution Drafting Committee
  • Played a pivotal role in shaping India’s democratic framework based on liberty, equality, and fraternity 

Social Reformer

  • Fought tirelessly against caste discrimination and for equal rights of marginalised sections 
  • Revered as a ‘Dalit Icon’ for contributions towards their rights
  • Key figure in the Poona Pact of 1932 ensuring Dalit representation in legislatures 

Economic and Legal Scholar

  • First Indian to pursue a doctorate in Economics from Columbia University 
  • Mastered around 64 subjects and knew 9 languages 
  • Studied across the world for 21 years 

Religious Transformation

  • Converted to Buddhism in 1956, reflecting commitment to social reform and equality 

 

Unique Facts for Prelims

Fact Detail
First Ambedkar Jayanti Celebrated in Pune on April 14, 1928 (before Constitution was drafted) 
Autobiography “Waiting for a Visa” (20 pages) – used as textbook at Columbia University 
Global Recognition His statue is the only one of an Indian alongside Karl Marx in London Museum 
Artistic Contribution First to paint Lord Buddha with open eyes (traditional depictions had closed eyes) 
Legal Pioneer First lawyer from a backward caste; staged Satyagraha for drinking water rights 

President’s Message

  • Described Ambedkar as: Jurist, economist, profound thinker, legal scholar, strong advocate of egalitarian social system 
  • Noted that he prioritised women’s education and their rights 

Birthplace Celebrations (Mhow/Dr. Ambedkar Nagar)

  • Large congregations of devotees from across the country 
  • Extensive arrangements: 7 sectors, 3 control rooms, 6 emergency medical centres, multi-lingual staff (Marathi teachers deployed) 

 

Panchteerth: Five Key Sites Associated with Ambedkar’s Life

  • PM Modi has developed five key sites associated with Ambedkar’s life as ‘Panchteerth’ 
  • These sites commemorate important milestones in Babasaheb’s journey
  • Part of broader initiative to honour the Constitution’s architect

 

Constitutional and Political Legacy

Constitution Day (Samvidhan Diwas)

  • Observed annually on November 26 to commemorate adoption of Indian Constitution (1949)
  • PM Modi’s observance of Constitution Day is seen as respect paid to Ambedkar’s legacy 

Relevance Today

  • Leaders across political spectrum invoke Ambedkar’s principles while addressing social justice and inclusive development 
  • His thoughts continue to resonate in contemporary political and social discourse
  • Nari Vandan Adhiniyam (women’s reservation) seen as tribute to Ambedkar’s vision for equality 

Static-Dynamic Linkage

  • Static: B. R. Ambedkar’s role in the Drafting Committee, Poona Pact, participation in Round Table Conferences, and provisions like Article 17 and Article 46 shaped social justice in the Constitution.
  • Dynamic: In 2026, Ambedkar’s 135th birth anniversary saw nationwide tributes, with initiatives like Nari Vandan Adhiniyam, Panchteerth development, and SC sub-caste categorisation reflecting his vision of equality.

Source/Reference:

https://aninews.in/news/national/general-news/president-droupadi-murmu-sends-greetings-on-birth-anniversary-of-b-r-ambedkar20260414064040/


Retail Inflation (CPI) Rises to 3.4% in March 2026: Food Prices Accelerate

Why in News?

  • Consumer Price Index (CPI) rose to 3.4% in March 2026 (from 3.2%), staying below 4% for the third month with limited impact from the West Asia crisis.
  • Data released by the Ministry of Statistics and Programme Implementation (MoSPI) on April 13, 2026

Key Inflation Numbers (March 2026 vs. February 2026)

  • Headline CPI Inflation: Rose marginally to 3.4% in March 2026 from 3.2% in February.
  • Food Inflation: Increased to 3.87%, showing stronger pressure on essential items.
  • Rural Food Inflation: Slightly higher at 3.9%, indicating greater rural impact.
  • Core Inflation: Remained stable at 3.4%, suggesting limited underlying price pressures.

Sectoral Trends

  • Cooking Fuel Inflation: Rose above 4%, reflecting early impact of West Asia crisis on LPG and fuels.
  • Transport Inflation: Remained flat at 0%, indicating delayed pass-through of crude oil price rise.
  • Key Drivers: Inflation uptick driven by rising food prices and fuel-related components.

 

Expert Observations (ICRA)

  • March inflation print is in line with ICRA’s forecast
  • Indicates a “mild initial impact” of the West Asian crisis on the headline number
  • Core inflation remained steady at 3.4% in these months

Implication

  • Full impact of geopolitical tensions (Strait of Hormuz closure, crude oil price rise) not yet fully reflected
  • Potential for higher inflation in coming months if conflict persists

 

Understanding CPI Inflation

What is CPI?

  • Measures changes in prices of goods and services consumed by households
  • Base year: 2011-12 (current series)
  • Published by: National Statistical Office (NSO) under MoSPI

Major Components and Weights

  • Food and beverages: ~45.86% (highest weight)
  • Fuel and light: ~6.84%
  • Transport and communication: ~8.59%

RBI’s Inflation Targeting Framework

  • RBI mandated to keep CPI inflation within 2% to 6% band
  • Medium-term target: 4%
  • March 2026 reading (3.4%) is below the medium-term target

 

Why March Inflation is Significant

  • Inflation Comfort Zone: CPI below 4% for third straight month gives RBI room to support growth.
  • Muted Global Impact: West Asia crisis impact limited so far due to policy measures and low transport inflation.
  • Food Inflation Watch: Rising food inflation (higher in rural areas) remains key risk, dependent on monsoon and crops.

Static-Dynamic Linkage

  • Static: Consumer Price Index (CPI) vs Wholesale Price Index (WPI) differ in scope, with RBI’s MPC (under Section 45ZA of RBI Act, 1934) targeting 2–6% inflation based on CPI components like food, housing, and fuel.
  • Dynamic: In April 2026, CPI at 3.4% remains below target, with limited impact from West Asia tensions, stable transport inflation, and the Reserve Bank of India likely holding rates amid growth concerns.

Source/Reference:

https://www.moneycontrol.com/news/business/economy/india-s-retail-inflation-rises-to-3-4-in-march-13887587.html


e-SafeHER: Enabling One Million 'Cyber Sakhis' Across Rural India

Why in News?

C-DAC and Reliance Foundation launched e-SafeHER (April 14) to train one million rural women as “Cyber Sakhis” for safe digital participation.

What is e-SafeHER?

  • Meaning & Focus: e-SafeHER is a cybersecurity awareness programme focused on women’s safety in digital spaces.
  • Objective: Build a community-led, gender-responsive model to train 1 million women (Cyber Sakhis) by 2029.
  • Geography: Starts in Madhya Pradesh and Odisha, with phased expansion nationwide.

Institutional Framework

Lead Partners and Their Roles

  • C-DAC (MeitY): Develops and localizes multilingual cybersecurity training under ISEA.
  • Reliance Foundation: Spreads awareness via SHGs using a community-based, peer-led model.
  • ISEA Programme: Ministry of Electronics and Information Technology’s flagship framework providing curriculum for e-SafeHER.

Why is e-SafeHER Needed?

  • Rising Digital Inclusion: Rural women are rapidly adopting digital platforms for finance, livelihoods, and essential services.
  • Cyber Vulnerability: Low awareness at the last mile increases exposure to fraud, phishing, financial crimes, and harassment.

Goal

  • Not just digital inclusion but digitally secure inclusion
  • Equip women with knowledge and skills to stay safe online

 

Key Features of the Programme

  • Training Model: Structured, localized, and blended learning approach using audio-visual content.
  • Peer-Led Approach: Cyber Sakhis spread awareness through community-based, sustainable networks.
  • Outcomes: Improved cyber awareness, safer digital practices, and higher confidence in transactions.
  • Scalability: Integrated into existing programmes with scope for nationwide policy-based expansion.

Static-Dynamic Linkage

  • Static: Ministry of Electronics and Information Technology, C-DAC, ISEA Programme, National Cyber Security Policy (2013), and Digital India form the institutional framework for cyber security and digital awareness.
  • Dynamic: e-SafeHER (2026) aims to create 1 million Cyber Sakhis by 2029, focusing on rural women through SHG-based community outreach.

Source/Reference:

https://www.pib.gov.in/PressReleasePage.aspx?PRID=2251715&reg=3&lang=1


e-NAM: Digital Transformation of Agricultural Trade in India (2016-2026)

Why in News?

e-NAM has integrated 1,656 mandis with ₹4.84 lakh crore trade value and registrations of 1.8 crore farmers, 2.73 lakh traders, and 4,724 FPOs (March 2026).

What is e-NAM?

Basic Profile

  • Launched: April 2016
  • Nodal Ministry: Ministry of Agriculture and Farmers’ Welfare
  • Type: Pan-India electronic trading portal
  • Objective: Create a unified national market for agricultural commodities by digitally integrating existing APMC mandis
  • Vision: “One Nation, One Market” for agricultural produce

What it Does

  • Facilitates seamless online trading
  • Enables transparent price discovery
  • Provides broader market access for farmers, traders and buyers nationwide
  • Supports entire agricultural trade lifecycle (gate entry → bidding → payment)

 

Key Statistics (as of March 2026)

  • Mandis: e-NAM covers 1,656 mandis across 23 States/4 UTs (up from 1,389 in 2024).
  • Registrations: 1.80+ crore farmers, 2.73 lakh traders, and 4,724 FPOs onboard.
  • Trade: 13.25 crore MT traded with value rising to ₹4.84 lakh crore.
  • Mobile App: Covers 247 commodities; launched in October 2016.
  • Support: Up to ₹75 lakh per mandi provided for infrastructure development.

Key Digital Features of e-NAM Portal

Single-Window Service

  • Commodity arrivals, quality assaying, bidding and payment on one platform

Unique Lot ID Tracking

  • Each lot tracked from gate entry to final sale via mobile

Live Price Dashboard

  • Real-time commodity prices, mandi arrivals, trade volumes – publicly accessible

12-Language Interface

  • Hindi, English, Gujarati, Marathi, Telugu, Bengali, Tamil, Odia and others

Secondary Sale Module

  • Enables resale of already-purchased lots within the platform

Inter-State Trade Facility

  • State Unified License enables traders to bid across State boundaries

 

Platform of Platforms (PoP)

Launched: July 14, 2022

What it Does

  • Integrates a wide range of services through unified digital interface accessible via e-NAM mobile app
  • Users can access services across agricultural value chain including:
    • Logistics and warehousing
    • Quality assurance, grading and packaging
    • Agri-inputs
    • Financial and insurance services
    • Advisory support (weather updates, crop forecasting)

Additional Integration

  • Enables integration with e-commerce platforms and private agri-market players

 

e-Payment System under e-NAM

Key Features

  • Sale proceeds directly transferred to farmers’ registered bank accounts upon trade completion
  • Reduces dependence on intermediaries
  • Timely, secure and transparent transactions

Payment Modes Integrated

  • NEFT, RTGS, internet banking, and UPI

Financial Inclusion Benefits

  • Formalizes transactions and generates verifiable financial records
  • Records can facilitate farmers’ access to institutional credit

 

e-NWR Integration with e-NAM

What is e-NWR?

  • Electronic Negotiable Warehouse Receipt
  • Introduced under Warehousing (Development and Regulation) Act, 2007
  • Secure electronic instrument certifying ownership of commodities stored in WDRA-accredited warehouses

How it Works with e-NAM

  • Farmers, traders and FPOs can store produce in WDRA-accredited warehouses
  • Obtain e-NWRs and sell directly on e-NAM platform
  • Reduces dependence on physical transportation to mandis
  • Lowers logistics costs and post-harvest losses
  • Mitigates distress sales

Additional Benefits

  • e-NWRs can be used as collateral to access institutional credit
  • Enables quality-based trading through standardized grading and assaying

Support and Grievance Redressal

  • e-NAM provides support via a toll-free helpline (1800 270 0224), email assistance, and an online grievance redressal portal.

Static-Dynamic Linkage

  • Static: APMC Act, Model APMC Act (2003), and Warehousing (Development and Regulation) Act, 2007 provide the legal framework for agri-marketing reforms and e-NAM. 
  • Dynamic: e-NAM has expanded to 1,656 mandis across 23 States/4 UTs with ₹4.84 lakh crore trade, integrating PoP and e-NWR for a comprehensive agri-value chain.

Source/Reference:

https://www.pib.gov.in/PressReleasePage.aspx?PRID=2251543&reg=3&lang=1


 

(MAINS Focus)


Kalpakkam Milestone: India's Three-Stage Nuclear Programme Enters Second Stage

UPSC Mains Subject: GS Paper III – Science & Technology (Nuclear Energy) | GS Paper III – Energy Security
Sub-topic: Three-Stage Nuclear Programme; Fast Breeder Reactors; Strategic Autonomy

 

Introduction

The PFBR’s (Prototype Fast Breeder Reactor) criticality at Kalpakkam marks a major step in India’s three-stage nuclear programme, realising Homi Bhabha’s vision. Beyond its technological feat, it advances energy security and strategic autonomy.

 

Main Body

Why Nuclear Energy Matters Now

Global Context:

  • Nuclear energy is now seen as a critical source of clean and abundant energy
  • Essential to satisfy growing energy requirements while reducing fossil fuel dependence

India’s Specific Imperative:

  • Potential to free up or significantly reduce dependence on energy imports
  • Reduces vulnerability to external shocks (as seen in the Iran war)
  • Critical for energy security and strategic autonomy

India’s Uranium Constraint:

  • Main fuel (uranium) is not adequately available domestically
  • India’s nuclear sector remains dependent on other countries for fuel

India’s Three-Stage Nuclear Programme

Stage 1 (Current Mainstay):

  • Pressurised Heavy Water Reactors (PHWRs)
  • Use natural uranium as fuel
  • Produce plutonium as by-product

Stage 2 (Now Commencing at Kalpakkam):

  • Fast Breeder Reactors (FBRs)
  • Use plutonium from Stage 1 as fuel
  • Breed more plutonium than they consume
  • Incredibly more challenging to design, build, and operate than PHWRs

Stage 3 (Future Vision):

  • Use thorium as main fuel
  • Thorium is found in abundance in India
  • Would make India truly energy independent

The Visionary Insight of Homi Bhabha:

  • Articulated this three-stage pathway over seven decades ago
  • Understood India’s uranium constraints and thorium abundance
  • Recognised that strategic autonomy required indigenous fuel cycle

The Journey Was Never Easy

Timeline:

  • First test fast breeder reactor could only be built in the early 2000s
  • Several times during the journey, it appeared India had lost focus
  • Attainment of criticality at Kalpakkam is a long-awaited milestone

What This Milestone Means:

  • Hopefully puts the transition on the fast track once again
  • Commences the second stage of the three-stage programme

Signs of Serious Effort for Rapid Expansion

Recent Developments (Last Couple of Years):

  • Setting up of a nuclear energy mission
  • Enactment of the SHANTI Act (opening nuclear sector to private participation)
  • Push for development of Small Modular Reactors (SMRs)
  • Opening up of nuclear sector for private investment

The Signal:

  • India is finally making serious efforts for rapid expansion of its nuclear sector
  • Multiple policy and legislative initiatives moving in parallel

 

Way Forward

Immediate Priorities:

  • Ensure stable operation of Kalpakkam PFBR
  • Build additional fast breeder reactors based on demonstrated technology
  • Operationalise SHANTI Act to attract private investment

Medium-Term Goals:

  • Scale up Stage 2 to meaningful capacity
  • Accelerate research on Stage 3 thorium reactors
  • Develop domestic supply chain for nuclear components

Long-Term Vision:

  • Achieve energy independence through thorium utilisation
  • Reduce import dependence for both fossil fuels and nuclear fuel
  • Position nuclear as complement to renewables for baseload power

 

Conclusion

The attainment of criticality at the Prototype Fast Breeder Reactor in Kalpakkam marks a key step in India’s three-stage nuclear programme, realising Homi Bhabha’s vision. It strengthens energy security and strategic autonomy, signalling renewed momentum in nuclear expansion despite persistent challenges.

 

UPSC Mains Practice Question

  1. The PFBR’s (Prototype Fast Breeder Reactor) criticality marks a key milestone in India’s nuclear programme. Critically examine its significance for energy security and strategic autonomy. (250 words, 15 marks)

https://indianexpress.com/article/opinion/editorials/on-nuclear-energy-an-indian-milestone-10634753/


West Asia Crisis: Fallout on India's Economy

UPSC Mains Subject: GS Paper III – Economy (Energy Security) | GS Paper III – Security
Sub-topic: Supply Chain Disruptions; Inflation; Fiscal Deficit; Current Account Deficit

 

Introduction

The West Asia war has disrupted energy supplies and trade routes, with lingering impacts despite easing prices. 

For import-dependent India, shocks transmit across inflation, growth, CAD, and fiscal stability—leaving no easy solutions.

 

Main Body

Energy Dependence and Price Shocks

India’s Import Dependence:

  • Crude oil imports from 41 source countries
  • Dependence close to 90% and rising
  • Indian crude basket (Brent + Oman/Dubai) linked to global prices

Price Trajectory:

  • Indian crude basket in March 2026 was 19% higher than global crude price
  • Rose over 64.5% from February 2026 on average
  • Peaked at $157 per barrel on March 23, 2026
  • Came down to $120.28 per barrel on April 9, 2026 (post-ceasefire)

Seven Channels of Economic Impact

Supply Disruptions:

  • Energy-intensive sectors affected first: textiles, paints, chemicals, fertilisers, cement, tyres
  • Non-availability of fertilisers and chemicals will hit Kharif season agricultural output (starting June)

Logistics Costs:

  • Storage and transport are highly energy intensive
  • Increased logistics costs cascade into prices of all final products

Exports:

  • Share of India’s merchandise exports to West Asia: 16.4% (2024-25)
  • Demand side hit by slowdown in US and Europe as well
  • Rupee depreciation may partially help exporters

Exchange Rate and Remittances:

  • Rupee depreciation accelerated after the crisis
  • Additional dollar demand for energy and fertiliser imports
  • Remittances from Gulf countries (considerable volume) bound to decline
  • Net FPI outflows in March 2026: $13.6 billion (huge)

Current Account Deficit (CAD):

  • Export volumes fall; import values rise
  • CAD will increase if war continues

Inflation:

  • Cost-push inflation in directly affected sectors (petroleum products, fertilisers)
  • If liquidity also increases, pressure on overall inflation

Fiscal Deficit:

  • Government insists on keeping retail prices at present levels
  • Reduction in excise duty on petrol/diesel → direct revenue loss
  • Lower GDP growth and profit margins → lower tax revenues
  • State finances affected through lower tax devolution

Excise Duty Conundrum

The Math (as of March 27, 2026):

  • Fortnightly loss on lower excise duties on petrol and diesel: ₹7,000 crore
  • Gain from export tax on Aviation Turbine Fuel: ₹1,500 crore per fortnight
  • Net loss: ₹5,500 crore per fortnight
  • Annualised loss if crisis continues: approximately ₹1,32,000 crore

The Dilemma:

  • Current excise reduction is due to ongoing State elections
  • After elections, retail prices should go up if war resumes
  • Higher prices may constrain demand—desirable from inflation perspective

RBI Estimates (October 2025 Monetary Policy Report)

For every 10% increase in Indian crude basket from $70 baseline ($7 increase):

  • Real GDP growth may fall by around 15 basis points
  • Inflation would be higher by 30 basis points (assuming full pass-through)

Policy Responses Needed

Short-Term:

  • Allow retail prices to go up as long as crude prices remain high
  • Avoid large liquidity increases (would fuel inflation)
  • Monitor fertiliser availability for Kharif season

Medium-Term:

  • Continue diversifying crude oil sources (41 already)
  • Build strategic petroleum reserves
  • Rethink fertiliser subsidy regime that promotes imbalanced nutrient use

Long-Term:

  • Reduce import dependence through renewables, nuclear, and storage
  • Build fiscal buffers for future shocks

 

Conclusion

The West Asia crisis exposes India’s vulnerability due to high oil import dependence, impacting inflation, growth, CAD, and fiscal stability. Short-term measures are costly and reactive; durable resilience requires diversification, buffers, reforms, and market-linked pricing.

 

UPSC Mains Practice Question

  1. The West Asia crisis has impacted India through trade, inflation, and external balances. Critically examine its economic effects and suggest measures to enhance resilience. (250 words, 15 marks)

https://www.thehindu.com/opinion/lead/the-fallout-of-the-crisis-in-west-asia-on-indias-economy/article70858920.ece

 

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