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India's Economic Landscape and Foreign Relations Dominate Recent Headlines

August 14, 2025

Recent developments in India highlight significant economic shifts, including a credit rating upgrade and changes in tax policy, alongside evolving international trade dynamics with the US and China. Key government initiatives in semiconductors and defence manufacturing also underscore national priorities.

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ALL TN Comp Exams Prep

India's Economic Landscape and Foreign Relations Dominate Recent Headlines

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1. S&P Global recently upgraded India's long-term sovereign credit ratings. What was the new rating and its outlook?

2. What was India's merchandise trade deficit in July 2025?

3. What percentage tariff has the US imposed on Indian goods, including an additional tariff over India's import of Russian oil?

4. The 21st 'Yudh Abhyas' joint military exercise is scheduled to take place in which location?

5. Prime Minister Narendra Modi is scheduled to attend the SCO Summit in which city on August 28, 2025?

6. How much funding has the Union Cabinet approved for four new semiconductor projects under the India Semiconductor Mission (ISM)?

7. Which states are set to receive the four new semiconductor projects approved by the Union Cabinet?

8. What is the name of the national initiative launched by the Union Health Ministry to benchmark and strengthen state drug regulatory systems?

9. When was the New Income Tax Bill 2025 passed, and when is it set to become effective?

10. What is the name of the scheme launched by the government to incentivize states to adopt balanced use of chemical fertilizers by granting 50% of the saved fertilizer subsidy?

11. What was the historic volume of UPI transactions recorded in India in July 2025?

12. India has achieved a significant milestone in Solar PV Manufacturing under which scheme?

India's Economic Landscape and Foreign Relations Dominate Recent Headlines

Your Score: 0 / 0

1. S&P Global recently upgraded India's long-term sovereign credit ratings. What was the new rating and its outlook?

2. What was India's merchandise trade deficit in July 2025?

3. What percentage tariff has the US imposed on Indian goods, including an additional tariff over India's import of Russian oil?

4. The 21st 'Yudh Abhyas' joint military exercise is scheduled to take place in which location?

5. Prime Minister Narendra Modi is scheduled to attend the SCO Summit in which city on August 28, 2025?

6. How much funding has the Union Cabinet approved for four new semiconductor projects under the India Semiconductor Mission (ISM)?

7. Which states are set to receive the four new semiconductor projects approved by the Union Cabinet?

8. What is the name of the national initiative launched by the Union Health Ministry to benchmark and strengthen state drug regulatory systems?

9. When was the New Income Tax Bill 2025 passed, and when is it set to become effective?

10. What is the name of the scheme launched by the government to incentivize states to adopt balanced use of chemical fertilizers by granting 50% of the saved fertilizer subsidy?

11. What was the historic volume of UPI transactions recorded in India in July 2025?

12. India has achieved a significant milestone in Solar PV Manufacturing under which scheme?

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