India Economy

A review of FY26 state Budget speeches shows wide variation in how Indian states plan to adopt AI and how little most are willing to spend on it

Assam has emerged as India's fastest-growing state economy over five years, but a low base, fiscal pressures and social challenges temper the headline growth story

What is often framed as flexible employment increasingly resembles regular work, raising questions around hours, pay and working conditions

Markets look calm, but five forces-rising debt, slowing revenues, weak savings, geopolitics and populism-signal a tougher growth phase for India

India's economy is growing faster than peers, but a weakening rupee may delay its move past Japan to become the world's fourth-largest in dollar terms

State's ambition to be a $1 trn economy is driven by various industries

Knowledge is the most powerful tool for India to become a USD 5 trillion economy and the third largest economy in the world, Union Minister Nitin Gadkari said on Monday. Speaking at an event in the Indian Institute of Technology Bombay, he said the future of any country is based on the type of futuristic technology it possesses. "The IITs and its students have have a great contribution towards the country's development and progress. While working in the government, if we face any challenge, we refer it to the IITs first. The credibility of IITs is so good that the solution we get is widely accepted. In a nutshell, you are the capital of knowledge," the Union minister said. "The progress of the country, resources, technologies are important but what is more important is the futuristic technology and knowledge. The future of any country is based on what type of futuristic technology it possesses," he added. Prime Minister Narendra Modi has put forth a target in the form of a mission

The Reserve Bank of India has reduced the repo rate by 25 basis points to 5.25 per cent in its December policy review. The central bank has also raised its growth forecast and lowered its inflation

The challenge is not reversal but recalibration: India must redesign its external strategy even as domestic engines stay strong

India is "in a sweet spot" to sustain growth, and the GDP is expected to expand by over 7 per cent this financial year on the back of strong macro fundamentals and ongoing reforms, new FICCI President Anant Goenka said on Tuesday. Goenka also said that the chamber's focus for the coming year would be to increase the share of the manufacturing sector in the GDP from its current 15-17 per cent to 20-25 per cent levels over time. To make sure that happens, the chamber has outlined priorities such as increasing R&D spending from 0.7 per cent to over one per cent of GDP; strengthening industry-academia partnerships, supporting the government's efforts to further promote ease of doing business, trade and supply chain security, and enhancing manufacturing excellence which includes focus on quality, women in the workforce, and adopting sustainable practices. "I think GDP should be 7 plus kind of level (during 2025-26). After all the changes that have happened with respect to the income ...

India's strong GDP growth masks a deeper disconnect: muted revenues, weak private capex, and demand constraints that leave corporate performance trailing headline numbers

Finance Minister Nirmala Sitharaman highlights global challenges, stresses infrastructure push, reform measures, and technology-led growth to boost investment and productivity

Policy hurdles, high royalties and red tape keeping global explorers away, warns report

As global markets grapple with persistent geopolitical uncertainties, inflationary pressures, and monetary policy shifts, experts at the Business Standard BFSI Insight Summit 2025

Almost a decade after India shifted to a formal inflation-targeting regime under the Monetary Policy Committee (MPC) framework of the Reserve Bank of India (RBI)

India’s economy is performing better than expected and is likely to post growth north of 6.7 per cent in the current financial year, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Wednesday

The IMF released its revised projections following the effects of US tariffs across various economies and the subsequent deals made between countries amid growing uncertainty

Deloitte India on Thursday projected India's economy to grow 6.7-6.9 per cent in the current fiscal amid buoyant demand and policy reforms. Indian economy grew 7.8 per cent in the April-June quarter of current fiscal. Deloitte India's 'India Economic Outlook' report forecasts a GDP growth between 6.7 and 6.9 per cent, averaging 6.8 per cent this fiscal year, up by 0.3 percentage points from Deloitte's previous forecast. This performance signals not just resilience but a renewed sense of India emerging stronger than most nations. Similar growth rates are expected in the subsequent year, but the range of variation remains broader due to uncertainties associated with trade and investment. The GDP growth forecast is in lines with the RBI which projected FY26 economic growth at 6.8 per cent. Growth is likely to be supported by buoyant domestic demand, accommodative monetary policy, and structural reforms, such as GST 2.0. Low inflation will contribute to spending as purchasing power ..

RBI's State of the Economy report highlights India's macro strength despite global volatility; notes negative FDI inflows and rising policy uncertainty worldwide

Finance Minister Nirmala Sitharaman on Friday said India's capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She said the task before nations is not only to manage uncertainty but to confront trade, financial and energy imbalances. "Geopolitical conflicts are intensifying. Sanctions, tariffs, and decoupling strategies are reshaping global supply chains... For India, these dynamics highlight both vulnerability and resilience. Our capacity to absorb shocks is strong, while our economic leverage is evolving. "Our choices will determine whether resilience becomes a foundation for leadership or merely a buffer against uncertainty," Sitharaman said at Kautilya Economic Conclave 2025 here. Addressing the session on 'Seeking Prosperity in Turbulent Times', Sitharaman said wars and strategic rivalries are redrawing the boundaries of cooperation and conflict. "Alliances that once appeared solid are being tested, and new .