Economy Growth

Maharashtra Chief Minister Devendra Fadnavis has said that the state is on track to become India's first trillion-dollar sub-national economy in the coming years, driven by sustained industrial growth, infrastructure expansion, and increasing technology adoption. Acknowledging that social media poses various challenges, he said the state currently has no plans to ban it for those under the age of 16. The chief minister made the remarks during an on-stage conversation with actor Aamir Khan at the 'Lokmat Maharashtrian of the Year Awards 2026' organised by Lokmat Media Group at Gateway of India here on Tuesday. Fadnavis said Maharashtra already holds the position of India's largest sub-national economy and continues to strengthen its global economic standing. "If Maharashtra were an independent country, it would rank among the world's top 30 economies. With sustained growth momentum, Maharashtra is on track to become India's first trillion-dollar sub-national economy in the coming ..

An RBI report places Assam as India's fastest-growing state over five years, driven by fiscal discipline, infrastructure spending and administrative reform rather than a low-base rebound

For FY26, the Fund, in its World Economic Outlook, revised its GDP growth forecast upwards to 7.3%

According to an SBI Research report, India is expected to enter the World Bank's upper-middle income category by around 2030, though faster growth will be needed to reach high-income status by 2047

2026 Davos summit: The five-day meeting, held under the theme "A Spirit of Dialogue," is expected to focus on economic resilience, AI, energy transition, and global risks

Real gross domestic product is now projected to rise by 2.6 per cent in 2026, up from a June forecast of 2.4 per cent, the Washington-based lender said in a report Tuesday

Goa's economy has shown a positive growth trajectory of 14.94 per cent in 2023-24 (provisional) as per estimates received from Ministry of Statistics and Programme Implementation, Governor P Ashok Gajapathi Raju said on Monday on the first day of the Winter Session of the state assembly. In his first address in the House since taking over as governor in July last year, Raju said the preparation of Vision Document 'Viksit Goa @ 2037' is in its final stages, adding it would act as an all-inclusive, long-term blueprint by aligning with the vision of Prime Minister Modi of 'Viksit Bharat 2047'. "I am happy to state that Goa's economy continues to show a positive growth trajectory of 14.94 per cent in 2023-24 (provisional) as per the estimates received from Ministry of Statistics and Programme Implementation. 28," he said. Based on the enthusiasm and passion with which the state government was functioning, Raju said he was confident that the target of Goa becoming a developed state would

India's economy remains resilient despite geopolitical headwinds and trade barriers, with real gross domestic product projected to grow 7.4 per cent in FY26, the principal secretary to the PM said

Fitch Ratings on Thursday raised India's GDP growth forecast for the current fiscal to 7.4 per cent, from 6.9 per cent, on increased consumer spending and improved sentiment boosted by GST reforms. It said falling inflation gives the Reserve Bank of India (RBI) room for one more policy rate cut in December to 5.25 per cent, following 100 bp of cuts in 2025 so far. Fitch said GDP growth accelerated further in the July-September quarter to 8.2 per cent, from 7.8 per cent in the April-June quarter. "Growth will ease over the remainder of the financial year 2025-26 (to end-March), but we have raised our full-year growth forecast to 7.4 per cent, from 6.9 per cent in September," Fitch said in its Global Economic Outlook report for December. Private consumer spending is the main driver of growth this year, supported by strong real income dynamics, increased consumer sentiment, and the impact of recently implemented goods and services tax (GST) reforms. Effective September 22, GST on abo

India's economy expanded at a sharper-than-expected clip of 8.2 per cent in the July-September quarter, prompting analysts to raise their full-year growth estimates to above 7 per cent

A new CEEW analysis says India could draw ₹360 trillion in cumulative green investments by 2047, unlocking a potential $1.1 trillion annual market across clean energy and circular value chains

Measures undertaken this yr pave way for virtuous cycle

While the concerns of the southern states are understandable, in a federal structure it will always be expected that the lagging states are supported to ensure more equitable development

CM Majhi says Odisha is witnessing record industrial activity, signing projects worth ₹50,000 crore in maritime development and ₹13 trillion in overall investments

ICRA estimates that around Rs. 2.5 trillion capex will be incurred by March 2026, which is 60-65 per cent of the total estimated capex

The review also flagged the rise in long-term sovereign bond yields of major economies and said this could undermine the hedging role such bonds typically play in the financial markets

While a punitive 50 per cent tariff levied by the US on Indian goods is still in place, recent comments from Washington and New Delhi have raised optimism it will be reduced

Hindu god Shiva's cosmic cycle of destruction mirrors Joseph Schumpeter's idea of creative destruction - a theme echoed in the 2025 Nobel Prize in Economic Sciences

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

High tariffs imposed by the United States on Indian goods pose a major risk to the country's growth, Crisil Intelligence said in its September report. The tariffs will impact both Indian goods exports and investments, the report added. However, domestic consumption, driven by benign inflation and rate cuts, is expected to support growth, it said. The country's GDP rose to a five-quarter high of 7.8 per cent in the first quarter of fiscal 2025-26, up from 7.4 per cent in the similar quarter in the previous year. Nominal GDP growth, however, slowed to 8.8 per cent from 10.8 per cent during the same period, it added. The report said consumer price index (CPI) inflation is likely to soften to 3.5 per cent in the current fiscal from 4.6 per cent in the previous year. Healthy agricultural growth is expected to keep food inflation under check, though the impact of excess rain was yet to be fully assessed. Lower crude prices and benign global commodity prices are expected to contain non