Best UPSC and MPPSC IAS Coaching Classes in Gwalior

India’s Gig Economy

1. India’s gig workforce is projected to expand from 1 crore workers in 2024–25 to 2.35 crore by 2029–30, reflecting rapid growth in app-based and platform-mediated employment.

2. The Code on Social Security, 2020 gave legal recognition to gig workers and platform workers, formally bringing them within the framework of social security and welfare provisions.

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Financial Inclusion Progress in India

1. Reserve Bank of India’s Financial Inclusion Index reached 67.0 for the year ending March 2025, rising from 64.2 in March 2024 and showing broad improvement nationwide.

2. Since its launch in 2021, the Financial Inclusion Index has increased by 24.3 percent, reflecting stronger access, usage, service quality, and expanding financial literacy initiatives across India.

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India Digital Payment Transformation

1. Unified Payments Interface (UPI) became the core of India’s fast payment ecosystem, transforming person-to-person and merchant transactions since 2016 through instant transfers, interoperability, low cost access, and widespread usability.

2. In June 2025, UPI processed 18.39 billion transactions worth ₹24.03 lakh crore, showing massive scale and reflecting about 32 percent annual growth over June 2024 levels.

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India Economic Growth and Stability

1. India recorded real Gross Domestic Product (GDP) growth of 6.5 percent in 2024–25, maintaining its position as the fastest growing major economy despite global uncertainty, trade tensions, and weakening cross-border investment conditions.

2. The Reserve Bank expects India to sustain 6.5 percent real GDP growth in 2025–26, while other estimates project similar momentum, reflecting confidence in domestic demand and macroeconomic stability.

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India’s Cloud and AI Infrastructure Push

1. Budget 2026–27 proposes a tax holiday till 2047 for eligible foreign cloud service providers using India-based data centres for global operations, aiming to strengthen India’s digital infrastructure position.

2. The policy targets foreign companies providing global cloud services through Indian data centre infrastructure, while ensuring domestic transactions remain taxable through Indian reseller entities under specified conditions.

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India U.S. Trade Breakthrough and Export Gains

1. India secured preferential access to the United States market valued at about 30 trillion dollars, marking a major trade breakthrough across goods, technology cooperation, and multiple export-oriented sectors.

2. India’s exports to the United States stood at 86.35 billion dollars in 2024, and the agreement significantly improves competitive access across major manufacturing, agriculture, services, and technology sectors.

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India High Growth and Resilient Economy

1. Real GDP and Gross Value Added are projected to grow by 7.4% and 7.3% respectively in FY26, while real GDP growth for FY27 is projected in the range of 6.8% to 7.2%.

2. Average headline inflation during April to December 2025 stood at 1.7%, the lowest since the beginning of the Consumer Price Index series.

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Startup India and India’s Innovation Ecosystem

1. As of December 2025, India had over 2 lakh DPIIT-recognised startups, placing it among the world’s largest startup ecosystems.

2. Around 50 percent of DPIIT-recognised startups come from Tier II and Tier III cities, showing broad regional spread of entrepreneurship.

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