Indian Economy

The move comes as India and the US continue negotiations on a trade deal, whose broad contours were agreed earlier this year

NITI Aayog member Rajiv Gauba called for a systematic review of laws and regulations, saying India's next-generation reforms must move away from the licence, approval and permission regime

Ensuring a realistic assessment of expenditure is critical in the current environment of uncertainty

Aims to spend ₹3,710 cr in FY27, up from ₹2,250 cr in FY26

World Bank Executive Director Neelkanth Mishra said high-frequency indicators such as vehicle sales, cement volumes and credit demand point to strong economic momentum despite doubts over GDP data

The economy doesn't need "heroic assumptions" to meet that target, Chief Economic Adviser V Anantha Nageswaran said

New orders and output expanded at their weakest pace in five years, while manufacturing employment contracted for the first time in two-and-a-half years

India's manufacturing sector expanded at its weakest pace in five years in August as output and new orders slowed, while employment fell for the first time in two-and-a-half years

CEA V Anantha Nageswaran says strong manufacturing, services and exports underscore India's economic resilience despite global uncertainty and energy risks

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

Finance Minister Nirmala Sitharaman on Monday said the reforms undertaken by the NDA government, together with an agile management of the economy, are bearing results, with real GDP growth coming in at 7.8 per cent in the April-June quarter. India's economic growth in the first quarter is well above the Reserve Bank of India's 7 per cent GDP growth forecast for the quarter. "The credit for this strong performance goes to the people of India and their hard work. Reforms undertaken by the NDA Government, together with an agile management of the economy, are bearing results," Sitharaman said in a post on X. She said the Narendra Modi-led government remains committed to further expanding economic opportunities for all citizens. As per GDP data released by the Ministry of Statistics & Programme Implementation, nominal GDP in Q1 of FY 202627 is estimated to have grown by 10.3 per cent, while real GVA (gross value added) recorded 8.2 per cent growth.

Finance Minister Nirmala Sitharaman says India can maintain its growth momentum despite geopolitical uncertainties and supply-chain disruptions

India needs 9.25% growth rate to meet PM Modi's 2047 developed-nation goal, according to Ashok Lahiri, a senior official at the country's apex government-run think-tank

Finance Minister Nirmala Sitharaman invited global investors to set up manufacturing bases, and technology and innovation centres in India, urging them to leverage talent and opportunity to build for the world. Addressing a high-level Business Roundtable with leading investors and business leaders in Chicago on Friday, Sitharaman highlighted India's broad-based growth, reform momentum and expanding opportunities for long-term investment. Sitharaman emphasised that India's investment proposition rests not on any single sector, but on the convergence of scale, growth, talent, infrastructure, technology and sustained reform over the past decade. "The policy environment is increasingly focused on enabling businesses to invest, manufacture, innovate and expand," she said at the roundtable organised by India's Consulate General in Chicago in association with US-India Strategic Partnership Forum. The Finance Minister invited global partners to co-develop, co-produce and build for global .

FDI flows revives in June: Robust Q1 eco momentum continued in July

The economy has demonstrated notable resilience to the ongoing global headwinds, characterised by buoyant domestic demand and rising manufacturing and services activity, the latest Reserve Bank bulletin said on Tuesday. An article in the August bulletin also said the recovery in southwest monsoon in July helped kharif crop sowing reach closer to normal acreage, partly mitigating some of the risks to the agriculture sector. However, the global economic outlook continues to be shaped by geopolitical frictions in West Asia and fresh tariffs by the US, said the article on 'State of the Economy'. "The momentum of Q1 2026-27 continued in July with most of the high-frequency indicators reflecting sustained manufacturing and services activity, and double-digit expansion in merchandise exports and imports," it said. The article further said while headline consumer price index (CPI) inflation edged up above the target, it was primarily on account of supply-side pressures. Stable core inflati

Mining, electricity, e-way bills and domestic air traffic weighed on growth in July, while cement and coal output strengthened and unemployment declined

After the talks collapsed on Saturday, the US has imposed 50% tariff on $20 billion Canadian goods and Ottawa has vowed it would impose "dollar-for-dollar" retaliatory tariffs from September 8

Sources said the directions include preparing a model to improve employability and upskilling opportunities for ITI students, besides rejigging method for awarding them degrees

The RBI's Central Board also reviewed various areas of the central bank's operations, including the functioning of its committees and the Ombudsman Scheme