Question 1

What do GDP and the National Statistical Office (NSO) estimates cover for FY 2025–26?

Accepted Answer

The NSO released Provisional Estimates for FY 2025–26, stating India’s Real GDP growth at 7.7%. The bulletin frames GDP as the total value of all final goods and services produced within a country in an accounting period.

Question 2

How does nominal GDP differ from real GDP, and what is the base year concept?

Accepted Answer

Nominal GDP uses current market prices without adjusting for inflation, while real GDP uses constant base-year prices to reflect actual output volume. The base year is a reference year with stable macroeconomic parameters; India is transitioning to 2022–23 to account for digitalization and structural shifts.

Question 3

What characterizes 5th-generation fighter aircraft, and which aircraft examples are listed?

Accepted Answer

5th-generation aircraft emphasize inherent stealth, high-performance airframes, and highly integrated avionics. The bulletin highlights stealth via radar-absorbent materials and angular designs, and lists F-22, F-35, J-20, Su-57, and Turkey’s KAAN as major global examples.