IMF Projects India's GDP Growth at 6.4% for 2026-27, 6.7% for 2027-28
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Friday, July 10, 2026
Daily SIKHO247 | INSTITUTE
Business & Economy News
IMF has projected India's GDP growth rate at 6.4% for 2026-27 and 6.7% for 2027-28.
As per the World Economic Outlook (WEO) report, global inflation is estimated to be 3.0% in 2026 and 3.4% in 2027.
IMF was established on December 27, 1945. Its headquarters is in Washington D.C., USA.
Defence & DRDO News
DRDO successfully tested the Long Range Guided Rocket (LRGR) from ITR, Chandipur.
TV-D1 was tested in 2023. IADT-02 will be tested in January 2026.
SOLVE (Solid-Propellant Ducted Rocket) was tested by DRDO.
MBRL (Multi-Barrel Rocket Launcher) will be tested on July 12, 2026.
BM-21 Grad rocket system was introduced in 1980.
Banking & Financial News
MoUs were signed between SBI and other banks.
Payment facilities are being expanded globally through UPI (Unified Payments Interface).
GMCP (Global Mastercontract Program) was launched.
International & Sports News
FIDE (Fédération Internationale des Échecs) was established in 1924.
AICF (All India Chess Federation) was established in 1951.
FIDE rating of 2500 (Men + Women) qualifies for Grandmaster title.
World Chess Championship started in 1988.
Government Schemes & Policies
SSP (Samajwadi Sen Pension) scheme was launched in 1969.
NWDT (National Water Disputes Tribunal) was established in 1956.
CWC (Central Water Commission) was established in 1945.
CWDT (Cauvery Water Disputes Tribunal) was constituted in 1990.
Science & Technology
ISRO launched a satellite using LVM3 rocket.
DRDO developed new technology under ADRDE (Aeronautical Development Establishment).
ITR (Integrated Test Range) is located in Chandipur.
Important Dates & Events
July 10, 2026 – Daily Current Affairs Chronicle published.
July 12, 2026 – MBRL test scheduled.
December 27, 1945 – IMF established.
1924 – FIDE established.
1951 – AICF established.
1969 – SSP scheme launched.
General Importance of Current Affairs
Current affairs play a vital role in UPSC and State PSC exams, connecting static syllabus topics with ongoing national and international developments. A strong grasp of current events enhances understanding and improves performance across Prelims, Mains, and Interviews.
Key Areas of Importance:
- Syllabus Relevance: Subjects like polity, economy, environment, and international relations are closely linked with current developments.
- Scoring Advantage: Current affairs-based questions in Prelims and enriched answers in Mains offer better scoring opportunities.
- Interview Readiness: Awareness of contemporary issues reflects analytical ability and administrative maturity.
As rightly said, "An administrator must understand the society he serves." Regular engagement with reliable sources builds awareness, clarity, and confidence.
In UPSC and PSC exams, current affairs often prove decisive. Consistent preparation and revision help aspirants stay informed and exam-ready.
SIKHO247 INSTITUTE
Daily Current Affairs Chronicle | 10 July 2026