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Indian Economy UPSC

UN ESCAP REPORT 2026: WEST ASIA CONFLICT & ECONOMIC IMPACT

The 2026 UN ESCAP report warns that West Asian conflicts drive "imported inflation" and "greenflation," slowing India's growth to 6.4%. To ensure resilience, India must expand petroleum reserves, implement fiscal measures, and accelerate inclusive renewable energy like PM-KUSUM.

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FISCAL HEALTH INDEX 2026 BY NITI AAYOG

 NITI Aayog’s Fiscal Health Index 2026 assesses states’ finances, grouping them as Achievers or Aspirational. It warns that weak revenue mobilisation, rising committed expenditure, and poor transparency threaten stability. Examples like Odisha’s improvement and Punjab’s stress highlight the need for fiscal discipline and FRBM adherence.

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