Best UPSC and MPPSC IAS Coaching Classes in Gwalior

India’s Rising Services Export Strength

1. Services exports reached USD 348.4 billion during April-January Financial Year 2025-26 (FY26), reflecting strong external demand and confirming the services sector as a major contributor to India’s trade performance.

2. In the first half of Financial Year 2025-26 (FY26), services exports reached 10 percent of Gross Domestic Product (GDP), extending the sector’s rising macroeconomic role beyond the pre-pandemic average of 7.4 percent.

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Hidden Digital Platforms Powering Business Reforms

1. National Single Window System (NSWS) has granted more than 8,29,750 approvals since launch, integrating 32 Central Departments, 32 States, 698 central approvals, and 7,435 state approvals through one digital gateway.

2. Ministry of Corporate Affairs 21 (MCA21) Version 3 supports company and Limited Liability Partnership (LLP) registry services with e-Scrutiny, e-adjudication, e-consultation, Compliance Management System, MCA Lab, chatbot helpdesk, dashboards, mobile applications, and Application Programming Interfaces (APIs).

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Special Economic Zones in India

1. Special Economic Zones (SEZs) are duty-free enclaves treated as territory outside India’s customs area for authorised operations, including manufacturing, services, and warehousing through Free Trade Warehousing Zones in India.

2. India had 368 notified Special Economic Zones as on 28 February 2026, reflecting the scale of the country’s export-oriented enclave network across multiple sectors and states of India.

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Khelo India Tribal Games: A New Era in Tribal Sports

1. The inaugural Khelo India Tribal Games are being held from 25 March to 3 April 2026 as India’s first national multi-sport event exclusively for tribal athletes.

2. The Games are being hosted in Chhattisgarh across three cities—Raipur, Jagdalpur and Surguja—bringing tribal athletes from different parts of India onto one national platform.

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Power Sector Transformation in India

1. India’s installed power generation capacity reached 520.51 GW (Gigawatt) by January 2026, reflecting record annual additions and a broad expansion across conventional and renewable energy sources nationwide during FY26 (Financial Year 2025–26).

2. During 2025–26 up to 31 January 2026, India added a record 52,537 MW (Megawatt) capacity, including 39,657 MW renewable, surpassing the previous annual addition benchmark achieved in FY25 (Financial Year 2024–25).

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GST Rate Rationalisation and Sectoral Relief Measures

1. The 56th GST (Goods and Services Tax) Council meeting on 3 September 2025 introduced a simplified tax structure, reducing rates across trade sectors to lower costs, improve compliance, and strengthen business competitiveness.

2. Leather materials prepared after tanning, composition leather, and chamois leather saw GST fall from 12% to 5%, while footwear priced up to ₹2500 per pair also moved lower.

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India’s New Income Tax Framework

1. The Income Tax Act, 2025 was posted on 3 September 2025 and is scheduled to become effective from 1 April 2026, replacing the earlier framework.

2. The new Act introduces the concept of Tax Year, replacing the earlier terms Assessment Year and Previous Year with a single twelve-month financial period concept.

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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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