Economic Growth In India

India's fiscal deficit during Apr-Oct reaches 52.6% of FY26 target

Capital expenditure, or spending on building physical infrastructure, at ₹6.18 trillion against ₹4.7 trillion a year ago

GST rate cuts to ease tax burden, boost economy: Ashwini Vaishnaw

The GST rate cuts will not only benefit the common people but also boost India's economy, Union minister Ashwini Vaishnaw asserted on Saturday and hit out at the Congress, alleging "heavy burden" of tax during its term at the Centre. The GST Council's decision to bring all products, except those under the sin and luxury goods category, under 5 per cent and 18 per cent slabs, while reducing it to zero on a host of essential items, will come into effect from September 22, the first day of Navratri. Addressing a press conference at the BJP headquarters here, Vaishnaw said, "The coming 22nd, the first day of Navratri, will bring a new happiness for all of us, for all middle-class families and for 140 crore citizens of this country." The GST reforms will also serve as a catalyst in the economic development of the country, he said "This reform has brought a big relief to the lives of 140 crore people of the country. Before 2014 (during Congress rule), there was a huge burden on common

External risks: Trade and capital flows to impact economic growth

The developments in the US can affect the Indian economy through different channels. It will not only be critical to watch the kind of trade deal offered to India

India's economy unshaken by global risks: CEA V Anantha Nageswaran

The CEA noted that urban demand has strengthened while inflation is on a downward trend

Indians must work hard, whether it's 80 or 90 hours a week: Amitabh Kant

India's G20 Sherpa Amitabh Kant shares his insights on the 90-hour work week vs work-life balance debate at BS Manthan

India can achieve 7% growth rate and should aspire for more: RBI Governor

RBI prioritises growth as inflation cools, cuts repo rate to 6.25% in Feb 2025 MPC meeting

January's biz growth at 14-month low due to weak services demand: PMI data

Composite job creation reached an all-time high since the survey's inception in December 2005.

India will become growth engine of the world: PM Modi in Kuwait

While speaking at the 'Hala Modi' community event at Kuwait's Sheikh Saad Al-Abdullah Indoor Sports Complex, PM Modi highlighted India's rapid transformation in various fields

A fiscally low-cost solution to China's economic growth challenges

China should focus on policies that stimulate entrepreneurship, investment, and economic growth without adding to the government's debt burden

Health, education spending by states trails economy's nominal growth rates

State governments have consistently underspent on health and education, trailing the economy's nominal growth. Despite rising demands, priorities remain unchanged, as data reveals concerning trends

Important to develop ambitious targets: S Jaishankar on India-Japan ties

Calling Japan a "key contributor" to India's economic development, External Affairs Minister S Jaishankar on Tuesday said it is a bilateral relationship of "great trust" and the two countries need to develop "ambitious targets" and work towards realising them. "In a world under flux, we must deliberate on the urgent need to enhance the quality of our economic cooperation," the minister said in his virtual address at the 7th India-Japan Indo-Pacific Forum and 10th India-Japan Track 1.5 Dialogue. Jaishankar spoke of the breadth of the bilateral relationship and said the India-Japan Special Strategic and Global Partnership serves the cause of "regional peace, international stability and global prosperity". "It is a bilateral relationship of great trust and growing substance. But precisely because we have come so far in the last decade, it is important that we develop ambitious targets and work towards realising them," he said. Japan remains a key contributor to India's economic ...

India, Russia discuss training Indians for employment in Russian companies

Speaking at the 25th India-Russia Intergovernmental Commission session, First Deputy PM Denis Manturov also shared plans for areas where the two nations would explore future collaboration

US' 'Freedom to Fail' key as Indian economy becomes powerful: Black Dragon

A characteristic that sets apart the United States, world's largest economy, is its "Freedom to Fail" concept, and India closely aligns with this mindset as it positions itself as a burgeoning global economic leader, said private equity firm Black Dragon Capital's CEO Louis Hernandez Jr. In an interview with PTI, Hernandez, Founder and CEO of Black Dragon Capital, emphasised that embracing failure can lead to groundbreaking achievements, especially in a country that is rapidly emerging as a global technology leader. "I feel like the US's primary advantage is its 'freedom to fail'. It's not there in the education system or healthcare. It's just that in our country, it's okay to fail. And you'll still be celebrated if you are innovative and come up with new ideas. And I think India most closely matches that," he said, suggesting that India is beginning to adopt this mindset. Hernandez, a former advisor to Infosys founder Narayana Murthy, said he believes that India's emerging economy,

ECB set for second straight rate cut as euro zone economy stagnates

A quarter-point cut on Thursday would lower the rate that the ECB pays on banks' deposits to 3.25 per cent and money markets almost fully price in three further reductions through next March

AI will spur jobs but repetitive roles to be impacted: Deloitte top leader

Deloitte's Romal Shetty said that while AI could create more jobs but roles involving repetitive tasks are at risk. He also stressed that while regulations are crucial, it shouldn't stifle innovation

Monsoon rains a fifth below normal so far, raising agricultural concerns

Summer rains, critical to economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8

Coal dependency, climate dilemma to hang over PM Modi in his third term

PM Modi will need to balance green ambitions against a need to sustain growth and satisfy rapidly accelerating electricity demand, leaning on a fraying power system still heavily dependent on coal

Scorching heat may be blighting India's road to becoming a developed nation

India has a far poorer natural endowment of land than Europe, North America and China, the continental economies that preceded it on the road to riches

India expects FY25 growth of over 7%, says CEA V Anantha Nageswaran

The possibility of growth touching 8% in the last fiscal year that ended on March 31 is quite high, he added

Don't bring the successful down, elevate the rest: Rajan on wealth tax

Raghuram Rajan said having inclusive growth will increase the pace of growth, but taxing the rich is not the solution to achieve the same