Economic Growth

Odisha sets up CM-EAC on lines of EAC-PM to drive $1.5 trn economy goal

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

Best of BS Opinion: Durable growth is rarely built on a narrow base

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

Tomorrow's route map for India's economy

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

After Moody's, S&P, Fitch, others raise FY27 India GDP growth projections

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

Sector-specific reforms: A road less travelled

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

The GDP debate, redux

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

India's sub-optimal industrial policy

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

Best of BS Opinion: Rules that read well vs those that work

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

India has several growth engines

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

India's economic growth brings confidence, new opportunities to world: Modi

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

Beating the odds

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

Centre's FY27 fiscal deficit touches 26.8% of full year target at end July

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

Alternative pathways to more jobs

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

Bombay Club fears were misplaced; family biz raked it in after reforms

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

Best of BS Opinion: Building stronger foundations for durable growth

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

China unveils new measures to boost consumption in counties, smaller cities

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 ...

Judging the RBI by the wrong rule

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

1991 reforms demonstrated confidence that we could compete: Rakesh Mohan

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

Renewed reform push: India must speed up its growth to meet challenges

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

India finds favour in Europe; America remains sceptical: Pew survey

Pew Research Center survey across 36 countries shows India's global image tilting slightly positive, with sentiment improving across several European countries