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Current Affairs – 7th April 2025

VIGYAN

Current Affairs – 7th April 2025 Current Affairs – 7th April 2025 Global Economic Developments Global markets witnessed a sharp decline as the United States announced a fresh wave of tariffs. Stock indices across Europe and Asia dropped significantly, sparking fears of a potential global recession. Business leaders raised concerns about prolonged trade tensions affecting global supply chains and investment patterns. India’s Economic Outlook Despite global uncertainties, India maintained its growth projection between 6.3% and 6.8% for the 2025–26 fiscal year. However, economists remain cautious, especially after new U.S. tariffs on Indian exports. Government officials are considering economic relief packages to support affected sectors like textiles and gems & jewellery. Rupee and Monetary Policy The Indian Rupee showed volatility due to global market fluctuations. All eyes are now on the Reserve Bank of India’s upcoming monetary policy meeting, where a rate cut is anticipated to boost do…

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