Current Affairs: 7 January 2026 (Detailed Analysis)
Date: 07 January 2026 | Day: Wednesday | Source: NSO, PIB, The Hindu
★★★ Economy NSO Releases First Advance Estimates: India Pegged to Grow at 7.4%
The National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), has released the First Advance Estimates (FAE) of National Income for the Financial Year 2025-26 today.
Why in news? (Exam Relevance)
- Budget Basis: These estimates are the sole data source used by the Finance Ministry to prepare the upcoming Union Budget (Feb 1, 2026).
- Global Leader: The data confirms India retains its tag as the “Fastest Growing Major Economy” in the world.
Key Facts & Data (Crucial for Exams)
- Real GDP Growth (FY26): Estimated at 7.4% (Up from 6.5% in FY25).
- Real GVA (Gross Value Added): Estimated at 7.3%.
- Nominal GDP Growth: Estimated at 8.0% (Factors in inflation).
- Sectoral Performance:
- Services (Tertiary): Highest growth at 9.9% (Public Admin, Defence).
- Manufacturing: Robust recovery at 7.0%.
- Agriculture: Moderate growth at 3.1%.
- GDP Size (Nominal): Estimated to reach ₹357.14 Lakh Crore (Approx $3.97 Trillion).
Static GK Linkage
- Base Year: Currently 2011-12 (MoSPI is in the process of revising this to 2022-23).
- GVA vs GDP: GDP = GVA + (Taxes on products) – (Subsidies on products).
Expected MCQs
- According to the NSO’s First Advance Estimates released in Jan 2026, what is India’s estimated Real GDP growth for FY 2025-26?
A. 6.5%
B. 7.0%
C. 7.4%
D. 8.2%
- Which sector is estimated to register the highest growth rate (9.9%) in FY 2025-26 as per NSO data?
A. Agriculture
B. Manufacturing
C. Services (Public Admin & Defence)
D. Mining
★★★ State News (Gujarat) Vibrant Gujarat 2026: Regional Conferences Kick Off
What happened?
Ahead of the main summit later this year, the Gujarat Government has initiated Vibrant Gujarat Regional Conferences (VGRC). The spotlight is currently on the Kutch & Saurashtra region, with a major event scheduled for Jan 11 in Rajkot.
Why in news? (Exam Relevance)
- Decentralized Model: For the first time, “Mini-Vibrants” are being held regionally to ensure inclusive growth beyond just Gandhinagar/Ahmedabad.
- Buyer-Seller Meet: FIEO is organizing a massive international buyer-seller meet in Rajkot (Jan 8-9) for sectors like Engineering, Ceramics (Morbi), and Peanuts.
Key Facts & Data
- Saurashtra Focus: The theme focuses on “Value Addition in Agriculture” and “Port-led Development” (Kandla/Mundra).
- Inauguration: PM Narendra Modi is expected to inaugurate the Rajkot event on Jan 11.
- Venue: Marwadi University, Rajkot.
★★★ Science & Technology Final Countdown: ISRO PSLV-C62 Mission on Jan 12
What happened?
ISRO has officially commenced the integration activities for its first mission of the year, PSLV-C62, scheduled to launch on January 12, 2026 (National Youth Day).
Key Technical Details (For Sci-Tech Paper)
- Main Payload: EOS-N1 (A high-resolution microsatellite for Defence/Strategic use).
- Co-Passengers:
- KID (Kestrel Initial Demonstrator): A Spanish satellite testing a re-entry capsule (important for future sample return missions).
- AayulSAT: Developed by Bengaluru-based OrbitAID (Demonstrating space refueling tech).
- Launch Pad: First Launch Pad (FLP), Sriharikota.
- Significance: This is the 64th flight of the PSLV.
Expected MCQs
- The satellite ‘KID’ (Kestrel Initial Demonstrator), launching aboard PSLV-C62, belongs to which country?
A. France
B. Spain
C. Israel
D. Japan
- The ‘EOS-N1’ satellite is primarily designed for which purpose?
A. Tele-education
B. Soil Health Monitoring
C. Strategic Earth Observation (Defence)
D. Weather Forecasting
Quick Revision: 7 Jan 2026
| Category | Headline / Fact |
| Economy | GDP Growth FY26: 7.4% (NSO FAE). Services leads at 9.9%. |
| State (Gujarat) | Vibrant Gujarat Regional Meet in Rajkot (Jan 8-11). |
| Space | ISRO PSLV-C62 launch set for Jan 12 (EOS-N1 payload). |
| Days | Orthodox Christmas (Jan 7). |
| Defence | Desert Cyclone Exercise ongoing in Rajasthan. |
Rapid Fire MCQs (Practice)
- “First Advance Estimates” (FAE) of GDP are released by which body?
A. RBI
B. NITI Aayog
C. National Statistical Office (NSO)
D. World Bank
- Which Indian city is hosting the Vibrant Gujarat Regional Conference for the Saurashtra region in Jan 2026?
A. Surat
B. Rajkot
C. Jamnagar
D. Bhavnagar
- National Youth Day (Jan 12) marks the birth anniversary of?
A. Bhagat Singh
B. Swami Vivekananda
C. Subhash Chandra Bose
D. APJ Abdul Kalam
