Page 3 - Economic Growth

In managing national debt, France could borrow a leaf from India

European giant's subsidies and welfare spending blamed for stretched financial resources

Focus must be on growth, self reliance amid global turbulence: Vaishnaw

Union Minister Ashwini Vaishnaw on Thursday underlined the need to maintain steadfast focus on the nation's goals and economic growth, advocating an approach of self-reliance and a firm resolve to navigate the global turbulence. Speaking at the 12th Annual Public Affairs Forum of India (PAFI) event, Vaishnaw, Minister for IT, Railways and I&B, said an important question on the mind of every policymaker today is how to effectively deal with rapid changes unfolding globally at the moment. "So yes, these are very interesting times. We must keep our focus very clear on what we want to achieve in our country. How do we want to grow our economy, strengthen ourselves, so that the storm which is there in the world...we should be strong enough to absorb those and pass our ship through those big storms," he said. The Prime Minister has articulated a strong focus on growth supported by an approach of 'atmanirbharta' or self-reliance, the minister said during an interactive chat that ...

On track to achieve fiscal deficit target of 4.4% for FY26: DEA Secy Thakur

Dispelling fears that the government may miss its ambitious fiscal deficit target of 4.4 per cent for the current financial year, Economic Affairs Secretary Anuradha Thakur on Saturday said the government is on track to meet the goal set in the Budget despite temporary mismatches which may have been exhibited in the latest monthly numbers. The statement from the Department of Economic Affairs (DEA) Secretary assumes significance in the light of Centre's fiscal deficit rising to 29.9 per cent of the full-year target at the end of July as against just 17.2 per cent of the Budget Estimates (BE) in the same period of the last financial year. "So this question (of achieving the target) has been coming up because of the latest numbers. I would like to say that quarter-by-quarter or month-by-month assessments of fiscal deficit numbers may not give a correct picture because of temporal mismatches, which may come in on the receipt and expenditure side. "On the overall fiscal deficit numbers,

Gen-next economic reforms: Big ticket projects, slashed compliances

These include an ambitious push for big-ticket projects, projecting India as a destination for major investments, and slashing the compliance burden on enterprises and citizens

Rajasthan is goldmine of opportunities for growth: Rathore at BS Samridhhi

Rajasthan Industries Minister Rajyavardhan Singh Rathore says the state is focused on ease of doing business, reducing costs, and welcoming investors, as Business Standard launches Jaipur editions

Rajasthan needs ease of doing business, cost cuts: Experts at BS Samriddhi

Experts at Business Standard's Rajasthan Samriddhi 2025 said the state must cut business costs, improve logistics, and ease rules to attract investors and boost growth opportunities

Trump calls India and Russia 'dead economies' but data tells a different story

From India's trillion-dollar export surge to Russia's energy strength, trade data counters Trump's claim amid escalating tariffs and tensions

Fresh tourism policy on anvil for investment, economic growth in UP

Chief Minister Yogi Adityanath has called for promoting different forms of tourism such as heritage, rural, religious, and fort tourism

Growth must mean jobs, value addition and economic stability: Sitharaman

At the launch of A World in Flux, FM Nirmala Sitharaman said India's top priority is quality growth focused on jobs, value addition and sustainability

Historic port to future hub: Thoothukudi's giant leap for global reach

Thoothukudi is witnessing a major economic revival with Rs 1 trillion in investments across sectors, including EV manufacturing, green hydrogen, and space, alongside upgraded infrastructure

RBI may cut rates further if inflation falls or growth slows: Guv Malhotra

While price stability remains the central bank's primary objective, growth is also a key consideration

India needs strategy to tackle challenges, boost global share: Ex-Niti VC

India's leadership needs to mobilise all necessary talent to design and implement a development strategy and respond to challenges facing the country, said a new book co-authored by former NITI Aayog Vice Chairman Rajiv Kumar. The book titled 'Everything All at Once: India and the Six Simultaneous Global Transitions', co-authored by Kumar with Ishan Joshi, offers a timely and thought-provoking perspective on the seismic changes currently reshaping the world with a significant impact on India's future prospects. "India's leadership has to mobilise all necessary talents and resources to design and implement a development strategy that innovatively responds to these multiple challenges and effectively exploits the opportunities that are inherent in the evolving trends for meeting our goals," the book says. Noting that never before in the history of global economic development did countries have to contend with such enormous challenges while pursuing their development agenda, the book .

85% Northeastern districts are top SDG performers, says NITI Aayog

Hnahthial in Mizoram topped the region, followed by Champhal in the same state

HUL chairman urges India Inc to drive inclusive, eco-friendly growth

India Inc must play a responsible role for "inclusive and environmentally responsible" growth of the country, even as the government is taking steps for that, said HUL Chairman Nitin Paranjpe has said. To become a developed nation, India should chart a path that prioritises economic growth alongside environmental sustainability and social progress, he said while addressing the shareholders in the 92nd AGM of the leading FMCG maker. "While the government is taking significant steps, 'India Inc.' must play a crucial role in ensuring this growth is inclusive and environmentally responsible," he said. In his speech titled Building a Winning Business in an Aspiring India', Paranjpe reflected on the evolving business landscape, noting that while India offers immense opportunities, it is equally important to address the challenges that accompany this growth. The world today is characterised by "uncertainty and chaos," however Indian economy is continuing its growth journey. "However, ami

Real wages rose most for managers, declined for clerks: CSEP study

Between 2017-18 and 2023-24, managers saw the highest real wage growth while clerks and graduates experienced wage decline, shows CSEP paper based on NSO data

Adani fastest-growing Indian brand in 2025; value up by 82%: Report

Adani Group has been named the fastest-growing Indian brand, thanks to its aggressive and integrated approach to infrastructure, as per the Most Valuable Indian Brands 2025 report by Brand Finance

India on track to be $5 trn economy by 2027 despite global risks: Goyal

Union Commerce and Industry Minister Piyush Goyal on Tuesday said India is firmly on track to become a USD 5 trillion economy by 2027 despite global turbulence, driven by a collective national effort and strong leadership under Prime Minister Narendra Modi. Speaking at a virtual session organised by the Merchants' Chamber of Commerce and Industry (MCCI), Goyal also hailed the government's decade-long economic reforms as transformational rather than incremental. "We are well on track to achieve the USD 5 trillion economy goal in the next three years. This will be the first milestone on our journey to 'Viksit Bharat' by 2047," Goyal said. Taking note of the global economic volatility and geopolitical headwinds, the minister said India must navigate turbulent waters with unity and determination. "Great economies aren't built in calm waters. This is India's time. We must seize the moment and work together to claim our rightful place among the world's leading nations," he said. Goyal .

A Tightrope Between Markets and Welfare: David Engerman on India’s Economic Choices

In this exclusive conversation, historian David C. Engerman, author of Apostles of Development, joins Ankur Bhardwaj to discuss the economists who shaped South Asia’s postcolonial development.

E-way bills grow nearly 19% to 122.65 million in May, shows data

E-way bills grew by nearly 19% YoY to 122.65 million in May, reflecting a strong increase in compliance and economic activity. This was the second-highest growth rate after March's record figures

Alternative data sources help in 'proactive intervention' for growth: CEA

Suman K Bery, vice-chairperson of NITI Aayog, told the workshop conventional data should be integrated with alternate sources while ensuring quality