As Israel pursues conflicts on multiple fronts, its economy takes a heavy blow

Study note saved to Israel_Economy_War_UPSC_Notes.md in your Downloads folder. It covers the war's fiscal cost ($11.52B Iran war, 8.6% GDP for Gaza), debt-to-GDP surge (60%→69%, projected 83% by 2035), and revised growth forecasts (5.2%→3.8%), all mapped to GS-II/GS-III with Prelims hooks, Mains question stems, and trap areas around distinguishing Bank of Israel vs. Finance Ministry figures and different conflict-cost metrics.