Page 7 - Economic Growth

Centre focuses on new strategy to tackle mounting economic challenges

Asia's third-largest economy forecast annual growth of 6.4 per cent in the fiscal year ending in March, the slowest in four years

FY25 GDP growth may slip to 4-yr low of 6.4%: NSO's first advance estimates

Falls short of RBI estimate; better showing in agri and manufacturing expected in H2

Budget needs to prioritise strategies for sustainable economic growth

The government is unlikely to be pleased with the FAE, which could increase challenges both for the current year and the medium term

India's GDP likely to grow 6.4% in 2024-25, show first advance estimates

Economic Survey had projected a GDP growth of 6.5% to 7%. This was later revised to 6.5% by the finance ministry in November 2024

Prosenjit Datta's book highlights facts about India's development goals

Prosenjit Datta's simply argued and logically constructed book encourages readers to look beyond political posturing for the facts on India's developmental goals

Shooting itself in the foot - again: This trade barrier hurts India more

The real problem with India's trade policy lies in a seemingly innocent administrative procedure that doesn't sound half as dangerous as tariffs

India eyes robust growth in 2025, tackling inflation and global headwinds

India will have to navigate geopolitical headwinds, tame domestic inflation and nudge the private sector to further loosen their purse strings as the world's fastest-growing major economy seeks more purple patches in 2025, leaving behind September quarter growth blues. Economists at the Reserve Bank of India (RBI) say that high-frequency indicators for the third quarter of 2024-25 indicate the economy is recovering, driven by strong festival activity and a sustained upswing in rural demand. In what has been described as a "temporary blip" by Union Finance Minister Nirmala Sitharaman, the country's economic growth slid to a seven-quarter low of 5.4 per cent in the July-September period after clipping a healthy rate of 7-8 per cent. With the growth versus inflation debate leaving the finance ministry and RBI on different pages, all eyes will also be on possible interest rate cuts in February when the central bank's monetary policy panel meets for the first time under the new Governor

The India story: Progress in manufacturing sector but key challenges remain

The fourth part of the series assesses what it will take to encourage domestic manufacturing, while also being an alternative to China

The India story: How India, the 'bright spot', can continue to shine

The third part of the series looks at the areas it needs to focus on to realise its $5 trillion ambition and be counted among the top three economies

Need to guard against risks of currency appreciation: RBI MPC member Kumar

Says expanding the manufacturing sector could also help in containing inflationary pressures by enhancing the supply capacity

Taiwan's chip-maker touts multifunctional robots for nation's future growth

In his speech, Wei explained that AI and AI applications were the most discussed topics during recent conversations with TSMC's clients

India to continue backing Sri Lanka's sustainable economic growth: Murmu

President Droupadi Murmu on Monday said India would continue to support sustainable economic development of Sri Lanka as its close and trusted partner. Welcoming Sri Lankan President Anura Kumara Disanayaka and his delegation to the Rashtrapati Bhavan, she congratulated him for his victory in the recent presidential and parliamentary elections. President Murmu also hosted a banquet in his honour. She said that Sri Lanka is an important part of India's 'Neighbourhood First' policy and SAGAR Vision, according to a statement issued by her office. President Murmu said that as a close and trusted partner, India would continue to support the Sri Lankan government's efforts for the sustainable economic development of Sri Lanka. Disanayaka, who is on a three-day visit to India, held wide-ranging talks with Prime Minister Narendra Modi earlier in the day. As a trusted and reliable partner, India has conveyed its continued commitment to working closely with Sri Lanka in advancing its defen

RBI has a tough balancing act to do: Ficci's Harsha Vardhan Agarwal

Agarwal expresses confidence of pick up in private capex and opportunities arising out of US president-elect Donald Trump's tariff war

India must address challenges to unlock its FDI potential: Sanjay Nayar

Says reducing GST on essential goods can stimulate consumption

Nov retail inflation eases to 5.48%; industrial output grows 3.5% in Oct

The data shows higher inflation in rural areas at 5.95 per cent, compared to 4.83 per cent in urban regions

How discussions at COP29 could shape India's renewable energy future

The goal of tripling renewable energy by 2030, set at COP28, depends on urgently mobilising international finances for the developing world

Need energy transition without compromising economic growth: CEA Nageswaran

Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday underlined the need to be cautious about energy transition and it should be without compromising growth. "We need to do it carefully so that we do not throw the baby of economic growth out with bath water in the name of managing energy transition and tackling climate change. Without growth there are no resources to invest for climate change management," he said while speaking at the Global Economic Policy Forum organised by CII here Citing negative impact, he said, Europe is facing an economic doldrum because of a sharp rise in industrial electricity prices partly because of focus on renewal energy and energy transition. He said that this is not just a political challenge, but also an economic one, affecting not only India but the entire global South. Assuaging concerns of slowdown, he said, India is on track to achieve 6.5-7 per cent GDP growth for the current fiscal pencilled in Economic Survey. He, however, said, the

India's economic growth by end of this fiscal will be back on track: Goyal

Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India's economic growth by end of this fiscal will be back on track despite global uncertainties. He said that this year also India will be the world's fastest growing economy. "We had an election in the first quarter and during the election, obviously policy making and decisions on next steps of growth or infrastructure spending does slow down and there is a lag effect. "But from what the initial numbers for this quarter, the third quarter show, the festive spending, the rebound in rural growth, the way banks are now seeing traction back again, the way infrastructure spending has come back on track, I think by the time we close the year in March, we will be back on track," Goyal said at Times Network's India Economic Conclave here. The minister was replying to a question whether the 5.4 per cent GDP growth in the July-September quarter of this fiscal worries him. The latest government data showed ..

Asian Development Bank lowers India's growth forecast to 6.5% for FY25

The multilateral funding agency also revised downwards its forecast for the next financial year (FY26) to 7 per cent from 7.2 per cent estimated earlier

RBI guv signs in, says focus to be on economic growth, policy stability

Still much work to be done on financial inclusion: Malhotra