Page 3 - Economic Growth

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

ECB cuts growth, inflation forecasts amid trade war and weak demand

Inflation is now seen falling further below the ECB's 2% target next year as lower energy costs, a stronger euro and weak economic growth all weigh on prices

Syria, Saudi Arabia to boost economic ties as Western sanctions ease

Syria and Saudi Arabia said Saturday they aim to boost economic cooperation for their mutual benefit and create jobs for Syrians after Western sanctions imposed on the war-torn country were eased earlier this month. The announcement was made during a visit to Damascus by Saudi Foreign Minister Prince Faisal bin Farhan, who met Syrian President Ahmad al-Sharaa and other Syrian officials. The easing of Western sanctions is likely to open the way for foreign investors into the country, where a civil war has been ongoing since March 2011. In early December, 54 years of Assad family rule came to an end, when gunmen opposed to then-president Bashar Assad captured his seat of power in Damascus. The Saudi foreign minister said that the easing of sanctions by the US, the European Union and Britain earlier this month will help in reactivating the Syrian economy that had been at a standstill for decades. Prince Faisal, who is heading an economic and business delegation, said Saudi businessme

India's GDP expands 7.4% in Q4 to meet annual growth estimates of 6.5%

Nominal GDP for FY25 grew at single digit at 9.8 per cent to Rs 330.7 trillion, slightly higher than Rs 324.1 trillion factored in the Budget

Siddaramaiah launches real-time 'CM Dashboard' for development monitoring

The 'Chief Minister's Dashboard' (CM Dashboard), a platform that provides real-time, integrated insights into key development indicators across Karnataka was launched on Friday. It was launched by Chief Minister Siddaramaiah during the review meeting with Deputy Commissioners of all districts and CEOs of all Zilla Panchayats at Vidhana Soudha, the seat of the state legislature and secretariat here. The dashboard, developed in-house by the Centre for e-Governance (CeG), is now functionally complete and hosted under the domain cmdashboard.karnataka.gov.in. This platform provides real-time, integrated insights into key development indicators across Karnataka, enabling data-driven governance and decision-making at the highest level, an official release said. The dashboard is built using a microservices-based architecture, ensuring scalability and ease of integration, and the data is integrated via APIs (Application Programming Interface) from various departments, eliminating manual ...

India's economic growth to moderate in FY26 amid global headwinds: EY

While it will continue to be one of the world's fastest-growing economies, it may have to carefully balance monetary and fiscal policies to sustain its growth momentum

A holistic assessment of states' performance across seven pillars

This study evaluates states on seven pillars, including economic, fiscal, social, and financial development

Why manufacturing-led export still matters for the poor countries

What made the traditional development model so successful was its reliance on exports, which enabled countries like South Korea to tap into virtually unlimited global demand

World Bank unveils $1 bn support plan to boost Sri Lanka's economy

The World Bank on Wednesday announced a package of USD one billion over three years to support job creation and develop private sector growth in Sri Lanka, a press release said. The announcement came after a meeting between World Bank President Ajay Banga and President Anura Kumara Dissanayake here. The initiative aims to expand economic opportunity, strengthen local industry and attract private capital to support long term growth, the release said. The World Bank estimates that nearly one million young people would enter Sri Lanka's work force over the next decade, yet only 300,000 jobs are projected to be created over the same period. The project is expected to mobilise over 800 million dollars in private investment and includes 40 million dollars in guarantees. Dissanayake's office said digitalization, tourism, agriculture and infrastructure development and advancing development of North and Eastern provinces figured at the talks between him and Banga. On April 25, the ...

Mudra loans power millions of small businesses, fuelling India's growth

By expanding the list of beneficiary businesses, the scheme is increasing support for micro and small enterprises and helping India in achieving its ambition to become a $5 trillion economy

Datanomics: 65 years on, Gujarat leads Maharashtra in key economic metrics

The shift is most stark in manufacturing - historically a core strength of Maharashtra

India growth story largely intact amid turbulent times: FM Sitharaman

The latest Economic Survey had estimated India's GDP growth in the range of 6.3-6.8 per cent for FY26

India to navigate global disruptions with policy agility: FM Sitharaman

Speaking at the 150th anniversary celebration of the BSE, Sitharaman acknowledged the risks posed by "tariff wars" but expressed confidence in India's resilient economy