Economic activity hits 32-month high in June, says Icra; retains Q1 growth forecast at 6.4-6.6%
Distilled Policy Brief
- India's economic activity accelerated to a 32-month high in June according to Icra's Business Activity Monitor, driven by strong growth across high-frequency indicators.
- Icra's composite index of high-frequency indicators grew 12% year-on-year in June, representing the strongest expansion in nearly three years and surpassing the 9.4% growth rate in May.
- The rating agency expects India's GDP growth to moderate to 6.4-6.6% in the first quarter of FY27 due to rising energy and commodity prices that could weigh on corporate margins.
🎯 UPSC Prelims Practice Drill
With reference to the bilateral research and industrial cooperation engagements between India and Germany, consider the following statements: 1. Roundtables held with German research organizations, such as the Fraunhofer Institutes, prioritized key fields including microelectronics, power electronics, and smart manufacturing. 2. Expanding industry-academia innovation networks and collaboration in battery technologies form key components of the enhanced strategic cooperation. Which of the statements given above is/are correct?
- [A] 1 only
- [B] 2 only
- [C] Both 1 and 2
- [D] Neither 1 nor 2
▶ Reveal Official Answer & Analytical Explanation
Both statements are correct. High-level roundtables with German research institutes, including Fraunhofer Institutes, focused on microelectronics, power electronics, smart manufacturing, battery technologies, and logistics. Furthermore, the engagement emphasized strengthening industry-academia innovation networks, science and technology cooperation, and advanced manufacturing capabilities between India and Germany.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.