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Current Affairs 10 June 2026

In short

  • Fitch cuts India’s FY27 GDP growth forecast to 6.4% amid Middle East conflict impact
  • Zojila Tunnel achieves major breakthrough with both ends connected, creating 13‑km all-weather link

…and 6 more stories on ECONOMY, DIPLOMACY, INFRASTRUCTURE, SCIENCE_TECH.

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ECONOMY

Fitch cuts India’s FY27 GDP growth forecast to 6.4% amid Middle East conflict impact

Fitch Ratings has reduced its forecast for India’s real GDP growth in FY27 to **6.4%**, citing higher input and energy costs linked to the Middle East conflict and their impact on consumer demand.[1] The agency notes that while domestic demand will remain the main growth driver, elevated prices are expected to erode purchasing power, especially in Q2 and Q3 of FY27.[1] Fitch also flags imported inflation pressures through commodities and shipping routes. It does not project a hard landing but expects growth to be slightly below earlier estimates. The forecast revision is part of its broader global outlook update. The agency’s assessment assumes no major escalation beyond current levels of conflict but acknowledges continued uncertainty. For India, Fitch highlights the need to balance growth support with inflation management over the medium term.[1]

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Which agency recently cut India’s FY27 GDP growth forecast to 6.4% citing the impact of the Middle East conflict on costs and demand?

INFRASTRUCTURE

Zojila Tunnel achieves major breakthrough with both ends connected, creating 13‑km all-weather link

Engineers on the Zojila Tunnel project have successfully connected the two ends of the tunnel, creating a continuous **13‑km passage** under the Zojila Pass on the Srinagar–Leh highway.[1] This marks a major milestone in establishing all-weather connectivity between Kashmir and Ladakh, which currently face seasonal closure due to heavy snowfall.[1] The tunnel is expected to be operational by 2028 and will significantly reduce travel time and enhance safety on National Highway‑1.[1] The project is considered strategically important for military logistics to Ladakh as well as for regional economic development and tourism.[1] Once completed, it will improve year-round movement of civilians and armed forces to frontier areas. The breakthrough is part of India’s broader push to upgrade border infrastructure along the northern frontiers.[1] The project is being executed with challenging Himalayan geology and harsh climatic conditions.

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The Zojila Tunnel, whose two ends were recently connected, is intended to provide all‑weather connectivity between which two regions?

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Current Affairs by JobSafal