India's Economy Navigates Global Trade Headwinds with Domestic Focus and Policy Reforms
September 10, 2025
India's economy is demonstrating resilience amidst global trade challenges, notably increased US tariffs on Indian exports. The government is actively promoting domestic manufacturing through initiatives like 'Atmanirbhar Bharat' and leveraging Goods and Services Tax (GST) reforms to boost consumption and support key sectors like handicrafts. Despite external pressures, domestic consumption and investor confidence remain strong, contributing to a positive economic outlook.
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Question 1 of 20
The United States has increased tariffs on Indian exports by what percentage, potentially reducing India's FY26 GDP?
Correct Answer: D) 100%
Full Answer: Ans: d) 100%
Full Answer: Ans: d) 100%
Which two labor-intensive sectors are particularly affected by the increased US tariffs on Indian exports?
Correct Answer: B) Textiles and Jewelry
Full Answer: Ans: b) Textiles and Jewelry
Full Answer: Ans: b) Textiles and Jewelry
What is India's primary strategy to mitigate the impact of increased US tariffs on its exports?
Correct Answer: B) Seeking to diversify its export markets
Full Answer: Ans: b) Seeking to diversify its export markets
Full Answer: Ans: b) Seeking to diversify its export markets
Which Union Minister announced plans to target 40 countries to boost apparel exports?
Correct Answer: C) Mr. Giriraj Singh
Full Answer: Ans: c) Mr. Giriraj Singh
Full Answer: Ans: c) Mr. Giriraj Singh
What is the significance of the textile sector in India's employment landscape?
Correct Answer: B) It is India's second-largest employer after agriculture.
Full Answer: Ans: b) It is India's second-largest employer after agriculture.
Full Answer: Ans: b) It is India's second-largest employer after agriculture.
The 'Swadeshi' initiative, emphasized by Union Minister Piyush Goyal, primarily aims to achieve what?
Correct Answer: B) Strengthen growth and financial security by reducing import dependence
Full Answer: Ans: b) Strengthen growth and financial security by reducing import dependence
Full Answer: Ans: b) Strengthen growth and financial security by reducing import dependence
A recent Goods and Services Tax (GST) cut on how many everyday items is expected to spur demand and boost GDP?
Correct Answer: C) 375
Full Answer: Ans: c) 375
Full Answer: Ans: c) 375
What was the GST reduction for a broad range of handicraft items?
Correct Answer: B) From 12% to 5%
Full Answer: Ans: b) From 12% to 5%
Full Answer: Ans: b) From 12% to 5%
The recent tax reforms, including GST cuts, align with which broader Indian government initiative?
Correct Answer: D) Atmanirbhar Bharat
Full Answer: Ans: d) Atmanirbhar Bharat
Full Answer: Ans: d) Atmanirbhar Bharat
Which Union Minister questioned Corporate India's investment behavior despite receiving corporate tax cuts and benefiting from GST reforms?
Correct Answer: B) Ms. Nirmala Sitharaman
Full Answer: Ans: b) Ms. Nirmala Sitharaman
Full Answer: Ans: b) Ms. Nirmala Sitharaman
What is India's GDP growth forecast for FY26, according to Chief Economic Adviser (CEA) V. Anantha Nageswaran?
Correct Answer: B) 6.3-6.8%
Full Answer: Ans: b) 6.3-6.8%
Full Answer: Ans: b) 6.3-6.8%
What was India's GDP growth rate in the April-June quarter?
Correct Answer: C) 7.8%
Full Answer: Ans: c) 7.8%
Full Answer: Ans: c) 7.8%
What is cited as the primary reason for the Indian equity market's resilience despite Foreign Portfolio Investor (FPI) outflows?
Correct Answer: B) Strong support from domestic institutional and retail investors
Full Answer: Ans: b) Strong support from domestic institutional and retail investors
Full Answer: Ans: b) Strong support from domestic institutional and retail investors
Approximately how much capital has been raised through IPOs in India in the last eight months?
Correct Answer: B) $10 billion
Full Answer: Ans: b) $10 billion
Full Answer: Ans: b) $10 billion
By what percentage have Indian household average quarterly expenses increased in the last three years?
Correct Answer: C) Over 33%
Full Answer: Ans: c) Over 33%
Full Answer: Ans: c) Over 33%
What is the estimated average quarterly expense for Indian households in 2025?
Correct Answer: C) Rs 56,000
Full Answer: Ans: c) Rs 56,000
Full Answer: Ans: c) Rs 56,000
What percentage of Indian consumers are allocating funds towards luxury products, according to a recent report?
Correct Answer: A) 7%
Full Answer: Ans: a) 7%
Full Answer: Ans: a) 7%
Which automotive company considers India a 'priority market' and plans continued investment and local production?
Correct Answer: C) Mercedes-Benz
Full Answer: Ans: c) Mercedes-Benz
Full Answer: Ans: c) Mercedes-Benz
Which technology company recently cut over 100 jobs in India, attributing it to workforce reshaping by artificial intelligence?
Correct Answer: C) Oracle
Full Answer: Ans: c) Oracle
Full Answer: Ans: c) Oracle
Which Indian city is positioning itself to become a global technology hub?
Correct Answer: D) Hyderabad
Full Answer: Ans: d) Hyderabad
Full Answer: Ans: d) Hyderabad