India Economy

India's economy has undergone a major transformation over eight decades, moving from an agriculture-led model towards a more diverse, services-driven economy

Gujarat CM Bhupendra Patel outlines plans to make the state a $1 trillion economy by 2030, attract GCCs, expand renewables and reform state-run enterprises

Indian economy is set to cross USD 5-trillion mark in FY29 as per the International Monetary Fund (IMF) and the government has adopted a broad-based growth strategy to achieve the milestone, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Tuesday. As per the World Economic Outlook database (April 2026) published by the IMF, India's GDP at current prices is projected to be around USD 5.1 trillion by 2028-29, she said in a written reply. "The government has adopted a broad-based growth strategy focusing on enhancing agricultural productivity, promoting manufacturing, supporting MSMEs, expanding infrastructure, improving logistics and ease of doing business, creating an efficient and streamlined tax system through income tax and GST reforms, fostering innovation and digitalisation, strengthening human capital, and ensuring energy security," she said. The strategy is complemented by sustained emphasis on public capital expenditure, liberalising the FDI regime, boosting ..

From exports and AI to urban livelihoods and geopolitics, India's institutions must adapt to new realities shaping the economy and society

India's fresh investment plans jumped 71% in Q1FY27, but excluding four mega nuclear projects, private investment weakened amid West Asia-related uncertainty

Industrial and services activity strengthened, while fiscal spending, energy security and export competitiveness dominated the policy agenda

Industrial lending gathered pace across micro, small, medium and large enterprises as non-food bank credit, services, agriculture and retail loans also recorded stronger growth

Government data showed India's fiscal deficit reached Rs 3.1 trillion, or 18.2% of the FY27 target, as capital expenditure and overall spending increased in the first quarter

Karnataka, Kerala and West Bengal posted sharp rises in proposed investments in Q1 FY27 after leadership changes, while Tamil Nadu saw inflows plunge

India needs evidence-based welfare policies that assess the costs, outcomes and trade-offs of cash transfers instead of allowing electoral politics to shape public spending

Uttar Pradesh Chief Minister Yogi Adityanath outlines the roadmap to a $1 trillion economy, driven by infrastructure, manufacturing, MSMEs, exports and investment-led growth

Competere Foundation says reducing investment restrictions and addressing overseas regulatory barriers are key to boosting exports, productivity and long-term growth

The Asian Development Bank (ADB) has approved a USD 1 billion loan to support the Government of India's urban reform agenda and maintain momentum in urban investments and reforms aimed at transforming cities into engines of economic growth, innovation, and livability. Besides, the Manila-based multilateral funding institution also approved a USD 850-million loan to support reforms that will speed up the rollout of the Government of India's flagship rooftop solar programme, boosting the resilience of Indian households through better access to affordable clean energy. The Urban Transformation and Investment Program supports the implementation of India's flagship Urban Challenge Fund (UCF) and related reforms to strengthen urban institutions, improve integrated economic and spatial planning, and help urban local bodies strengthen their finances, ADB said in a statement on Tuesday. It will promote resilient urban regeneration that protects women and girls, including transit-oriented ...

The Fitch Solutions unit says higher food prices could push up inflation and curb GDP growth as El Niño and West Asia tensions threaten agricultural output and input costs

Sunil Bharti Mittal says the 1991 reforms transformed India's business landscape, paving the way for Airtel, and calls for continued reforms to sustain growth

In 1991, India faced one of the worst economic crises in its history. With foreign exchange reserves nearly exhausted and the country on the brink of default

Thirty-five years after the 1991 reforms, India has grown dramatically but unfinished reforms, weak public services and job creation remain major challenges T N Ninan

Montek Singh Ahluwalia says India needs a fresh reform roadmap, faster private investment and broader policy consensus to achieve the Viksit Bharat goal

NITI Aayog's investment index highlights wide disparities among states, underscoring the need for governance reforms, stronger institutions and balanced regional growth

The IMF warns that rising oil prices from West Asia tensions and an El Nino-hit monsoon pose key downside risks to India's 2026-27 economic growth outlook