Economic Survey 2025-26: Mundell-Fleming Trilemma for UPSC | Piyush Sir

The Economic Survey 2025–26 highlights a critical macroeconomic concept — the Mundell-Fleming Trilemma (International Monetary Trilemma). In this session, Piyush Sir explains why a country cannot simultaneously maintain: • Free capital flows • Stable exchange rate • Independent monetary policy Using India’s current policy environment, this lecture connects the Trilemma to: • RBI’s exchange rate management • Liquidity conditions • Interest rate decisions • Capital flows & investment impact • Policy trade-offs in an open economy This topic is highly relevant for UPSC Prelims 2026, GS Paper 3 (Economy), and Economic Survey-based questions. If you want structured and exam-oriented coverage of the Economic Survey, join our Economic Sprint Program: 🔗 https://visionias.in/economy-sprint/ #UPSC #UPSCPrelims #UPSCPrelims2026 #UPSC2026 #EconomicSurvey #IndianEconomy #MonetaryPolicy #MundellFleming #Trilemma #RBI #GSPaper3 #VisionIAS