Find the current affairs of 31 May 2025. Stay updated with the most important news and events that have occurred on this day. Our daily current affairs updates are carefully curated by GK and Current Affairs experts, ensuring that you receive accurate and relevant information to enhance your competitive exam preparation.
Each update is designed to provide you with a comprehensive overview of the day’s key happenings, including political developments, economic news, technological advancements, and significant social events.
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Highlights of 31 May 2025 Current Affairs
- India’s GDP grew at 6.5% in FY25, the slowest since the pandemic, with Q4 seeing the highest growth at 7.4%, driven by strong construction and consumption.
- India is set to cross 1 billion internet users by mid-2025, led by BharatNet expansion and telecom reforms, making it the world’s second-largest telecom market.
- The fiscal deficit for FY25 stood at 4.8% of GDP, meeting the government target despite shortfalls in income tax and disinvestment receipts.
- Manufacturing growth slowed to 4.5% for FY25, down from 11.3% in Q4 FY24, indicating sluggish industrial momentum despite strong construction and agriculture sectors.
- Household consumption rose by 7.2% in FY25, reflecting improved domestic demand and contributing significantly to GDP growth despite global economic uncertainties.
- Pakistan will appoint an ambassador to Kabul, restoring full diplomatic ties with Afghanistan after three years, with China mediating between the two neighbours.
- India’s mobile data rates dropped to ₹9/GB, the cheapest globally, while telecom reforms boosted domestic mobile manufacturing and exports to ₹1.75 lakh crore.
- Russia launched over 900 drones and 90 missiles at Ukraine in three days, pushing Ukraine’s air defence to its limits amid ongoing peace talks.
- Corporate tax collections in India exceeded targets in FY25, reaching ₹9.87 lakh crore, helping balance revenue shortfalls from income tax and disinvestment.
- India Post 2.0 modernizes postal services with banking, insurance, and digital access under the Post Office Act, 2023, as part of rural digital empowerment.
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