Economic Growth

Marking 25 years as a head of government, Narendra Modi sets out six goals for India and vows to continue serving the country until it becomes a developed nation by 2047.

Panel comprising economists, former bureaucrats and Sarvam AI co-founder will advise on growth, fiscal management and structural reforms as Odisha pursues its 2047 target

Today's Best of BS Opinion weighs GCC expansion, liquor prohibition, jobs and growth, corporate India, and India's economic roadmap

Eleven essays by noted economists and academics tackle questions concerning India's economy, society and polity, and explore pathways for the country to emerge from the prevailing turmoil

Fitch Ratings on Wednesday raised India's GDP growth forecast for the current fiscal year to 6.9 per cent, from 6.4 per cent, citing strong economic growth in the June quarter and overall economic resilience. According to Fitch, India's economic momentum is likely to moderate over the remaining fiscal year, prompting the Reserve Bank of India (RBI) to increase interest rates by 0.25 per cent in its October monetary policy meeting. A growth rate of 7.8 per cent in the June quarter indicates that the "Indian economy has shown resilience in the face of the shock from the US-Iran war, despite the strong terms-of-trade deterioration seen in the first half of 2026," Fitch said. It said that PMI survey data point to a slower pace of expansion in both manufacturing and services; below-normal monsoon rains will weigh on growth in agriculture and rural demand; and rising inflation will constrain real incomes and consumer dynamics. "Private investment prospects look more buoyant, and we expe

Without a rethink on the very meaning and scope of reforms, the solutions to our most important problems will remain endlessly out of reach

Despite govt's efforts, it remains difficult to assess whether the problems with the earlier GDP series have been adequately addressed

From gender bias and employment to equal pay, this book traces various policy developments and the lessons they hold for policymakers today

Good rules matter only when they work in practice, from regulation and governance to business and public services

At points last year, some economists reckoned that AI-related investment was adding more to American growth than all consumer spending combined

India and Belgium on Thursday agreed to significantly expand their cooperation in trade, defence, critical minerals, clean energy and technologies following Prime Minister Narendra Modi's wide-ranging talks with his Belgian counterpart Bart De Wever. In his media statement, Modi highlighted India recording a 7.8 per cent growth rate in the last quarter and said the country's economic rise was a source of confidence and new opportunities for the world. The Belgian prime minister described the conclusion of the India-European Union free trade pact as a major milestone, and said New Delhi and Brussels are building a relationship that is broad and more strategic than ever before. "Today, the world is passing through a phase of great upheaval. In many parts of the world, situations of conflict persist. Food, fuel or supply chains- uncertainty is affecting every sector," Modi said. "Even in this challenging environment, India's economy has maintained its momentum. In the last quarter, we

The data from the expenditure side showed that private final consumption expenditure increased 7.1 per cent during the quarter, an improvement over the previous year but below the headline rate

In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 4,55,144 crore in the April-July period of the 2026-27 fiscal year

New markets and stronger demand from lower-income households can drive productive employment

Family-owned companies accounted for 72 per cent of the combined revenues of listed firms in FY26, up from 50 per cent in FY01

Durable growth depends not just on expansion but on stronger foundations across telecom, education, energy, skilling and institutions

China on Tuesday rolled out a series of measures to boost consumption in its counties and smaller cities to revive sluggish domestic demand, which has become a major source of its economic slowdown. The measures herald a policy shift to boost domestic demand from top cities and tap the potential of vast lower-tier markets as a new source of economic growth, an official announcement here said. The government calls for upgrading consumption channels in counties, including renovating township commercial centres, rural markets and local fairs. It includes encouraging domestic and international brands to open regional debut stores and promote the revitalisation of existing land resources to improve services, according to the guideline issued by the Ministry of Commerce. The lower-tier markets, generally referring to third-tier and smaller cities, counties, townships and rural areas, account for about 70 per cent of China's population and 60 per cent of total retail sales of consumer ...

Has the RBI been biased toward tight monetary policy, or is its rate-setting framework flawed?

Rakesh Mohan talks about the trajectory of India's economic development, why the reforms could be pulled off as quickly as they were, and what India can do now to boost manufacturing

To assuage the anxieties of the youth and children, the country must broaden the avenues for gainful employment available to them and reduce the unemployment rate among graduates