PrepLiberty.
Updated · Today
Home Topics Economics
GS 3 · Paper Syllabus section · 4890 articles · Updated today

Economics

Trade, fiscal policy, banking, agriculture and economic indicators

March 2026 20 articles
11 11

Oil shock, inflation pressures dampen RBI rate-cut hopes

Crude oil prices have surged toward $100 per barrel amid the escalating West Asia conflict, disrupting LNG shipments and raising India's energy import costs....

GS3 Economics 7m
11 11

West Asia conflict could hurt agri input availability: UPL Executive

Geopolitical tensions and conflict in West Asia — including strikes on Iranian infrastructure and near-closure of the Strait of Hormuz — have caused global f...

GS Paper 1 (Geography) GS Paper 2 (International Relations) GS Paper 3 (Agriculture Economy) Economics Geography 4m
11 11

Eased FDI norms balance capital inflows and strategic safeguards: Experts

The Union Cabinet approved significant amendments to India's FDI framework for countries sharing a land border — primarily China — on March 10, 2026, relaxin...

GS2 GS3 Economics International Relations 4m
11 11

Iran war impact: Govt mulling diversion of stranded cargo to new markets

The Ministry of Commerce and Industry sought detailed information from goods exporters about consignments stranded due to the West Asia crisis, exploring the...

GS Paper 2 (International Relations Trade) GS Paper 3 (Infrastructure Economy) Economics International Relations 5m
11 11

Most serious crisis we have faced in living memory: Ex-DyNSA Pankaj Saran on West Asia

Former Deputy National Security Advisor Pankaj Saran described the West Asia conflict as the "most serious crisis India has faced in living memory," more con...

GS2 GS3 International Relations Economics 4m
11 11

Private sector optimism rises to decade high on strong demand

A business expectations survey published in early 2026 found that private sector optimism in India has reached its highest level in a decade, driven by robus...

GS Paper 3 (Indian Economy Economic Development) Economics 5m
11 11

Centre holds back on fuel exports ban due to logistics, tax hurdles as West Asia conflict rages

Despite the West Asia conflict creating domestic fuel supply pressures, the government chose not to impose a blanket ban on fuel (petrol, diesel, ATF) export...

GS Paper 2 (International Relations Trade) GS Paper 3 (Energy Security Industry) Economics International Relations 5m
11 11

Amid Strait of Hormuz closure, India’s Russian oil imports surge by 50%; could rise further if crisis persists

India's Russian crude oil imports surged to approximately 1.5 million barrels per day (mb/d) in March 2026, up roughly 50% from 1.04 mb/d in February, as Ind...

GS2 GS3 Economics International Relations 4m
11 11

Domestic LPG production up by 25% due to recent emergency measures, no need for panic booking, says Govt

Following the LPG Control Order issued on March 8, 2026, domestic LPG production increased by approximately 25% as Indian refineries redirected their entire ...

GS Paper 3 (Energy Security Infrastructure Government Policy) Economics 4m
11 11

What is the Essential Commodities Act, invoked by the Centre amidst the West Asian crisis?

The Central Government invoked the Essential Commodities Act, 1955 (ECA) to regulate LPG supplies amid the shortage caused by disruption to West Asian import...

GS2 (Government Policies Legislation) GS3 (Energy Security) Polity & Governance Economics 5m
11 11

Low strategic stockpiles pose risk to economy, says S&P Global

S&P Global warned that India's current strategic petroleum reserves (SPR) provide only approximately 9.5 days of import coverage — significantly below intern...

GS3 Economics International Relations 4m
11 11

Country will successfully navigate the energy crisis triggered by the West Asia conflict successfully: PM

Addressing Parliament, the Prime Minister stated that India has a comprehensive short-term, medium-term, and long-term strategy to navigate the energy crisis...

GS Paper 2 (Governance International Relations) GS Paper 3 (Energy Security) Economics Polity & Governance 5m
11 11

Iran's Hormuz control gives country leverage despite military struggles

Despite suffering significant military losses from US–Israel strikes since February 28, 2026 — including the killing of its Supreme Leader — Iran has retaine...

GS2 GS3 International Relations Economics 4m
11 11

Toll burden on national highways in Gujarat surge 56.5% in 5 years to FY25; toll collection grows to ₹20,383 crore in this period

Toll collections on national highways in Gujarat surged 56.5 percent over five years, rising from ₹3,179 crore in FY21 to ₹4,975 crore in FY25, with cumulati...

GS Paper 3 (Infrastructure Economy) Economics 3m
11 11

Prioritising LPG production in refineries helps boost output by 25%

Following the effective closure of the Strait of Hormuz due to the West Asia conflict, India rerouted approximately 70% of its crude imports through alternat...

GS Paper 2 (International Relations) GS Paper 3 (Energy Security Infrastructure) Economics International Relations 5m
11 11

Gas shortage due to West Asia crisis threatens food security of migrant workers, business of street vendors

A government-issued Natural Gas (Supply Regulation) Order in March 2026, triggered by the West Asia crisis, imposed a 35% cut in gas supply to hotels, dhabas...

GS Paper 1 (Social Issues) GS Paper 2 (Welfare Schemes) GS Paper 3 (Food Security Energy) Social Issues Economics 4m
11 11

Land of milk and no money? Bread basket Punjab hits rock bottom in NITI Aayog Fiscal Health Index

Punjab ranks at the bottom of NITI Aayog's Fiscal Health Index (FHI) 2026, which assesses the fiscal performance of 18 major states for FY 2023-24, despite t...

GS2 GS3 Economics Polity & Governance 5m
11 11

India displaces China as largest exporter of cotton products to US in 2025

India has displaced China to become the largest exporter of cotton products — including apparel, yarn, and home textiles — to the United States in 2025, acco...

GS3 Economics International Relations 3m
11 11

India’s crude oil supply is secure, assures government

The Indian government assured Parliament that crude oil and petroleum product supplies remain secure despite the ongoing West Asia conflict, which has disrup...

GS2 GS3 Economics International Relations 3m
11 11

FDI in rare earth magnets, advanced battery components from land border countries part of fast-track approval list

The Union Cabinet's March 10, 2026 amendment to Press Note 3 of 2020 specifically includes FDI proposals in rare earth permanent magnets, rare earth processi...

GS3 (Indian Economy Industrial Policy Critical Minerals) GS2 (India's Foreign Policy) Economics International Relations 6m
Display