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Current Affairs 3 September 2026

In short

  • India to host 18th BRICS Summit in New Delhi on September 12–13
  • India’s economy grows 7.7% in real terms in FY2026; private consumption remains robust

…and 8 more stories on National, Polity & Governance, Economy, General.

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International

India to host 18th BRICS Summit in New Delhi on September 12–13

India has announced that it will host the **18th BRICS Summit** in New Delhi on 12–13 September 2026, bringing together the leaders of Brazil, Russia, India, China and South Africa. The summit is expected to focus on strengthening economic cooperation, reforming global governance institutions, and enhancing collaboration in areas such as climate action and digital public infrastructure. India, as host, will chair key plenary sessions and side events, and push its priorities including Global South cooperation and resilient supply chains. The meeting will be significant in the backdrop of ongoing geopolitical tensions, trade disruptions, and debates around reform of multilateral financial institutions. A series of ministerial and sherpa-level meetings are planned in the run-up to the summit to finalize joint declarations and action plans. The summit will also provide an opportunity for India to showcase its economic performance and recent digital governance innovations to other member countries. Outcomes may include new sectoral working groups, cooperative frameworks on technology, and statements on global peace and stability.

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The 18th BRICS Summit in 2026 is scheduled to be held in which city?

Economy

India’s economy grows 7.7% in real terms in FY2026; private consumption remains robust

India’s economy recorded **7.7% real GDP growth** in FY2026, according to recent data, indicating strong expansion despite global headwinds. Private consumption remained robust, supported by cuts in personal income tax and reductions in Goods and Services Tax (GST) rates that boosted disposable incomes and demand. The government has highlighted these figures as evidence of resilient economic fundamentals amid international uncertainty and supply chain disruptions. The growth has been accompanied by fiscal measures aimed at sustaining domestic demand while managing inflationary pressures. The performance is relevant for assessments of India’s position among major emerging economies and its contribution to global growth. Policymakers are expected to continue monitoring external risks, including commodity price volatility and global financial conditions, while maintaining supportive measures for key sectors. The data will feed into upcoming monetary and fiscal policy decisions, including those of the Reserve Bank of India and future budget calibrations.

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In FY2026, India’s real GDP growth rate was reported to be approximately

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Current Affairs by JobSafal