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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 INFRASTRUCTURE, GOVERNANCE, POLITY, ECONOMY.

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DIPLOMACY

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.[10] 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.[10] India, as host, will chair key plenary sessions and side events, and push its priorities including Global South cooperation and resilient supply chains.[10] The meeting will be significant in the backdrop of ongoing geopolitical tensions, trade disruptions, and debates around reform of multilateral financial institutions.[10][12] A series of ministerial and sherpa-level meetings are planned in the run-up to the summit to finalize joint declarations and action plans.[10] The summit will also provide an opportunity for India to showcase its economic performance and recent digital governance innovations to other member countries.[10] Outcomes may include new sectoral working groups, cooperative frameworks on technology, and statements on global peace and stability.[10][12]

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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.[13] 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.[13] The government has highlighted these figures as evidence of resilient economic fundamentals amid international uncertainty and supply chain disruptions.[3][13] The growth has been accompanied by fiscal measures aimed at sustaining domestic demand while managing inflationary pressures.[13] The performance is relevant for assessments of India’s position among major emerging economies and its contribution to global growth.[12][13] Policymakers are expected to continue monitoring external risks, including commodity price volatility and global financial conditions, while maintaining supportive measures for key sectors.[13] The data will feed into upcoming monetary and fiscal policy decisions, including those of the Reserve Bank of India and future budget calibrations.[13]

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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