Page 4 - Economic Growth

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

Retail inflation at 6-year low a result of govt efforts: Finance ministry

It said that this trajectory underscored the country's resilience and commitment to ensuring price stability without compromising on development goals

Asia-Pacific growth to fall if US imposes reciprocal tariffs: S&P

Major Asia Pacific economies like India, China, and Japan, will see growth fall by 0.2-0.4 percentage points (ppts) over the next two years if the US implements the reciprocal tariffs announced on April 2, S&P Global Ratings said on Tuesday. It said that the threat and imposition of tariffs by the US will slow global trade and confidence. The region's dependency on exports with China and the US will have an outsized hit on manufacturers and small economies. "Should the tariffs announced on April 2, 2025 resume for economies ex-China, the geopolitical and economic fallout will be deep," S&P Global Ratings, Asia-Pacific Head of Research, Eunice Tan said. For India, S&P had in March projected a 6.5 per cent and 6.8 per cent growth for 2025 and 2026, respectively. If the reciprocal tariff as announced by US President Donald Trump is implemented, S&P estimates the growth to fall to 6.3 per cent and 6.5 per cent, respectively. After the April 2 announcement jolted stock ...

More R&D, easier labour laws needed to counter Trump's tariffs, say experts

Providing more incentives to Indian industry to blunt the impact of the tariffs is unlikely to help, as will be any retaliatory measures; instead, lowering duties on intermediate goods will do more go

US reciprocal tariffs: India's FY26 economic growth seen closer to 6.3%

"We still expect growth to be in the range of 6.3-6.8 per cent as projected earlier, though it may be closer to the lower end of the band," a government official said

India's growth to be highest among advanced, emerging G20 nations: Moody's

Moody's Ratings on Tuesday said India's growth at 6.5 per cent this fiscal will remain the highest amongst the advanced and emerging G-20 countries, supported by tax measures and continued monetary easing, and the country will continue to attract capital and withstand any cross-border outflow. In its report on emerging markets, Moody's said such economies are "exposed to choppy waters" from the churn of US policies and its potential to reshape global capital flows, supply chains, trade and geopolitics. Large EMs (emerging markets) have resources to navigate the turbulence. It said economic activity in the fastest-growing economies will slow slightly from high levels but remain strong this year and next. In China, exports and investment in infrastructure and priority high-tech sectors remain the main growth drivers, while domestic consumption remains weak. "India's growth will remain the highest of the advanced and emerging G-20 countries, supported by tax measures and continued ...

Slowdown suspense: India Inc trails without a macroeconomic crisis

Companies are struggling to improve revenue and profit even as there's no macroeconomic crisis. Sectors as varied as consumer goods and cement are affected

New financial year set to bring key tax, pension, and MSME reforms

The new income tax slabs under the new tax regime have been modified to increase the basic exemption limit from ₹3 lakh to ₹4 lakh

External risks: US trade policy may affect economic growth in FY26

According to the National Statistics Office's second advance estimates, the Indian economy is estimated to have grown 6.5 per cent in FY25

Economic policies in India are made for 'Bombay club', says RJD MP AD Singh

Participating in a debate on the Finance Bill, Singh quoted a report of the World Bank from 2024, and said India's economic growth has slowed down, and at current pace

The liquidity conundrum: Rate cuts need right balance in financial system

How much liquidity do we need: Appropriate, adequate, or abundant? To inject growth instinct, adequate liquidity needs to complement rate cut

Fitch keeps India's FY26 GDP forecast at 6.5%, ups FY27 projection to 6.3%

The rating agency expects two further cuts in the policy rate this calendar year, revised downwards to 5.75 per cent by December 2025

Nandan Nilekani's master key to help unlock India's $8 trillion future

Nilekani believes the combination of AI, smartphones will help unlock digital access, but challenges like income disparity remain; Nilekani's 'The Great Unlock' aims to overcome these barriers

Nandan Nilekani's 4 tips for India's economy to hit $8 trn mark by 2035

Outlining key factors for India's economic expansion, Nilekani spoke about the necessary "Big Unlocks" required to accelerate the country's growth rate from 6 per cent to 8 per cent