Page 6 - Economic Growth

BS Manthan: A thought-provoking day-1 of insights on economy, policies

Experts discuss India's growth, global trade shifts, climate action, EVs, defence, and more

Centre working in tandem with states for economic growth: Piyush Goyal

The Centre is working in tandem with all states to make India a USD 30-35 trillion economy by 2047, Union minister Piyush Goyal said on Friday, as he highlighted the investment opportunities in the country. The Commerce and Industry Minister, speaking at the Invest Kerala Global Summit (IKGS) here, sought to woo investors and will soon start talks with Bahrain for a Free Trade Agreement (FTA). There are "unmatched opportunities for growth, development and economic opportunities" in the country, Goyal said. "We are working in tandem with all states," on taking the country's economy to USD 30-35 trillion by 2047 from the current USD 4 trillion, the minister emphasised. There are differences between the BJP-led Centre and the Kerala government, which is headed by the Left Democratic Front (LDF) on various issues. Against this backdrop, Goyal said he is here to show solidarity with Kerala and also mentioned about various strides made by the state in different sectors. He urged invest

Economy on recovery path, rate cut to boost demand, says RBI report

Commenting that economic momentum is poised to be sustained, the report said strong rural demand is expected to receive a further fillip from the robust performance of the agriculture sector

RBI should focus on liquidity if it wants to support growth: Mishra

Mishra's comments come at a time when the banking system liquidity has been in deficit for the last nine weeks

Here's why fixing Germany's economy a critical task for country's next govt

Germany needs a new business model. The old one, fuelled by cheap natural gas from Russia and lucrative exports to China, is broken, leaving Europe's biggest economy mired in stagnation and angst about the future. Delivering that fresh growth strategy is going to be the biggest challenge for the government that takes office after a national election set for Feb. 23, seven months ahead of schedule. The nation that became known for the quality of its products has not seen real economic growth for five years. Multiple factors conspired to take Germany from industrial powerhouse to post-pandemic straggler: too much bureaucracy, a shortage of skilled workers, slow deployment of technology and a lack of clear direction from the outgoing coalition government are among them. Rising competition from China and high energy prices due to Russia's war in Ukraine were additional hits. We really need a more company- and enterprise-friendly politics," Klaus Geissdoerfer, CEO of industrial fan ...

Sri Lanka expects economic growth at 5%, to repay all debt: Dissanayake

Dissanayake said that he expects the economy to grow at 5 per cent in the medium term and plans to maintain low inflation, while also taking steps to keep exchange rates stable

Montek Ahluwalia bats for smaller states to drive economic growth

Ahluwalia added that creating newer cities in existing states is riddled with challenges that are both political and economic

S Korea's top think tank lowers growth projection, citing Trump's tariffs

South Korea's top economic think tank slashed its growth forecast for the country's economy for the second time in four months on Tuesday, expressing concern about the impact of US President Donald Trump's expanding tariffs. The Korea Development Institute now projects South Korea's economy to grow by 1.6 per cent in 2025, which is 0.4 percentage points lower than its previous estimate announced in November. Kim Jiyeon, a KDI economist, said the deterioration of the trade environment following Trump's inauguration was a major factor. South Korea is also grappling with political instability caused by the impeachment and criminal indictment of President Yoon Suk Yeol after he briefly imposed martial law in December. Domestic demand remains weak due to slowing consumer spending and a declining job market, and the pace of exports is slowing with most key industries aside from semiconductors struggling to find momentum, said Jung Kyuchul, who heads KDI's macroeconomic analysis department

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

Almost all of govt borrowing going for asset creation: FM Sitharaman

Sitharaman spoke on issues ranging from the theme of the Budget to income tax relief and challenging geopolitical environment

Budget 2025: Focused on fiscal discipline, growth, and tax relief

Overall, the government has taken a disciplined approach in this Budget, keeping long-term benefits in mind

Pakistan's economic growth stalls despite interest rate cuts: Report

Pakistan failed to kick-start economic growth in the first seven months of the current fiscal year despite a massive 10 per cent reduction in the interest rate by the central bank during this period, according to a media report. The State Bank of Bank in the latest cut on January 27 further reduced the interest rate by 1 per cent to set it at 12 per cent, a whopping 10 per cent down from 22 per cent in June last year. It was expected the decision would help to increase money supply and growth. The Dawn newspaper reported that despite a steep fall in the interest rate, the monetary expansion remained negative during the first seven months of the current fiscal year, noting that the frequent declines in interest rates resulted in a massive outflow of liquidity from banks to the private sector and non-bank financial institutions (NBFIs). Still, it has failed to stimulate economic growth, it said. Bank advances to the private sector and NBFIs increased sharply in the second quarter of

Globalisation may be a thing of the past, says CEA V Anantha Nageswaran

Addressing a press conference on the Economic Survey 2024-25, Nageswaran told reporters, "Regulations disproportionately affect small businesses

Indian economy expected to grow 6.3-6.8% in 2025-26: Economic Survey

Budget 2025: GDP projections in line with international agencies including International Monetary Fund (IMF), Asian Development Bank (ADB), and World Bank

Banks to continue good run with caution and innovation, say PSB CEOs

The economy is very strong and on sound footing and we, as banks, typically mirror the economy

Germany cuts 2025 economic growth forecast to 0.3% after two-year slump

The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much lower than the government's previous forecast of 1.1% growth, issued in October. Germany has managed no meaningful economic growth in the past four years as it has struggled to deal with major shifts in the global economy and with structural challenges of its own. Preliminary figures released two weeks ago showed that gross domestic product contracted by 0.2% last year, following a 0.3% decline in 2023. The economy is one of the top issues in the campaign for an early German parliamentary election on Feb. 23. It is being held seven months before it was originally scheduled after Chancellor Olaf Scholz's three-party coalition collapsed in November in a dispute about how to revitalise the economy. Contenders to lead the next government have made contrasting proposals on how to get it growing

Dare to be different? Budget FY26 must prioritise growth and employment

If India wants more growth and jobs, business-as-usual won't do the trick

Taming inflation: How Union Budget can address economic challenges

By easing supply-side constraints and using counter-inflationary tariff policy, the finance ministry can ensure prices remain in check

Govt to tighten fiscal purse despite slowing economic growth: Reuters poll

An expected fiscal deficit of 4.5% of gross domestic product represents a slight tightening of the purse compared with the fiscal year about to end, at 4.8%

Andhra Pradesh govt to develop Data City near Vizag, create 2 mn jobs

In line with the Telugu Desam Party's election promise to create 2 million jobs within five years, the state government has unveiled plans to develop the Data City in Madhurawada