Page 2 - Economy Growth

Vivek Harivyasi Explains Why India Must Synchronize Policy, Skill Development, and Innovation for a Green Economy

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Japan's Q1 economy grows faster than expected on strong consumer spending

Japan's economy expanded at a stronger rate in the fiscal first quarter than previously estimated, despite worries about US tariffs and domestic political uncertainty, according to government data released Monday. The Cabinet Office said Japan's real gross domestic product, the sum value of a nation's goods and services, grew at a seasonally adjusted 2.2% annualised rate in the April-June quarter from the previous quarter. That was better than the preliminary estimate for 1.0% growth, which came out last month, as solid consumer spending and inventories lifted growth more than previously thought. Quarter-on-quarter, Japan's GDP grew 0.5%, up from the initial estimate for a 0.3% rise, which was also what analysts projected, according to RaboResearch. That marked the fifth straight quarter of growth. The annualised number shows what the growth, or contraction, would have been if the quarterly rate continued for a year. US President Donald Trump's move to raise tariffs on Japanese ..

Govt bond yields rise to five-month high ahead of large SDL supply

Benchmark 10-year yield closed at 6.60%, the highest since March, as higher SDL supply and Fitch's reaffirmation of India's BBB- rating weighed on sentiment

Icra pegs Q1 GDP growth rate at 6.7% on higher govt capex, exports

The Indian economy is expected to grow at 6.7 per cent in April-June period of current fiscal, higher than 6.5 per cent a year ago, on the back of higher government capex and exports, rating agency Icra said on Tuesday. This projection also outpaces the RBI's Monetary Policy Committee's (MPC's) forecast of 6.5 per cent growth in the June quarter. India's economy grew 7.4 per cent in March quarter of FY25. Official data for FY26 Q1 GDP is scheduled to be released on August 29. Icra Chief Economist Aditi Nayar said investment activity held up in Q1 FY2026 was boosted by the front-loading of government capex. Although, this admittedly came on a low base amidst the heightened uncertainty owing to geopolitical tensions and tariff-related developments. "Benefitting from robust government capital as well as revenue spending, upfronted exports to some geographies and nascent signals of improved consumption, the pace of expansion in economic activity in Q1 FY2026 is estimated at 6.7 per cen

Deloitte projects India's FY26 growth at 6.4-6.7%, flags global risks

Deloitte India on Tuesday projected India's economic growth at 6.4-6.7 per cent in the current fiscal citing robust domestic fundamentals and expanding global opportunities. It, however, said that India must monitor its trade exposure and be prepared for the outcomes of geopolitical uncertainties Strategic trade negotiations, notably with the UK in May and the ongoing talks with the US, and the highly anticipated deal with the European Union by the end of the year, will likely act as powerful multipliers of income, jobs, market access, and domestic demand. India's economic growth was at 6.5 per cent in 2024-25. Deloitte projects 6.4-6.7 per cent growth for FY 202526, driven by resilient domestic demand, easing inflation, and a bold push in domestic policy and global trade diplomacy, it said in a statement. "India's economic trajectory stands out in a turbulent global landscape. Our momentum is driven by a virtuous trifecta, resilient capital markets, a dynamic consumer base and a

Profits earned through ethical means create wealth for nation: FM

Finance Minister Nirmala Sitharaman on Saturday said the government led by Narendra Modi refers entrepreneurs as wealth creators as the profit earned by them through ethical ways help drive development goals. "Wealth creation in India has never been a taboo in India. We promoted wealth creation. We would want wealth creation. That is why entrepreneurs in India, under Prime Minister Modi, we refer them as wealth creators. They are not thieves," she said while addressing the National Commemorative Seminar on 60 years of Pandit Deendayal Upadhyaya Integral Humanism Lectures. Pandit Upadhyaya was one of the founding members of Jan Sangh from which the Bharatiya Janata Party (BJP) emerged in April 1980. "We would like to have profit created by genuine ethical practices, and that is what is going to create wealth for the nation. And once you have wealth, you give dignity of labor, you provide for education, you provide for skilling, and you lift the tempo and the spirit of the nation," sh

Pakistan's economy recovers, but rising terrorism threats test stability

The resurgence of terrorism in Pakistan's wild west has complicated Sharif's already difficult job

UP CM reviews $1 trn economy target, calls for accountability, reforms

Uttar Pradesh Chief Minister Yogi Adityanath on Sunday reviewed the state's progress toward achieving the One Trillion Dollar Economy (OTDE) target and directed all departments to fulfill their responsibilities. Chairing a meeting attended by additional chief secretaries, principal secretaries, and department heads, Adityanath emphasized key policy reforms, budget utilization, and public welfare initiatives. He instructed departments to simplify processes and enhance efficiency, stressing that empaneled hospitals under Ayushman Bharat and Mukhyamantri Jan Arogya Yojana must receive payments within a month. The empanelment process for new hospitals should also be streamlined, he added. The Chief Minister directed officials to submit proposals for dedicated Anganwadi buildings, assuring full government support. Highlighting the expected GDP boost from the upcoming Maha Kumbh in Prayagraj, he called for an economic impact analysis and said that efforts should be made to identify and .

Five years on, economic impact of Covid-19 still reshaping markets

Though the immediate shock has passed, Covid-19's legacy continues to reshape global economies and markets

Euro rallies as Germany's historic debt overhaul boosts growth outlook

Germany's bond yields surged as investors digested the additional borrowing expected to back the debt overhaul

GDP growth during current fiscal estimated to be 6.3%: SBI research

The State Bank of India (SBI), in its research, has estimated GDP growth during the current financial year (2024-25) to be 6.3 per cent, assuming that the NSO does not make major revisions to the erstwhile first and second quarter estimates. The report said that leveraging 36 high-frequency indicators, the estimated GDP growth for the third quarter of the current financial year should be between 6.2 per cent and 6.3 per cent. According to the National Statistics Office (NSO), the real and nominal GDP growth rates for 2024-25 are projected at 6.4 per cent and 9.7 per cent, respectively. The report said that a healthy rural economy is reinforcing stability and sustains momentum in other sectors. The slowdown in the current household inflation expectations encourages higher discretionary spending and drives demand-led growth, the report said. Capital expenditure is showing improvement in the third quarter of the current financial year, the report said. The slowdown in the third quar

India's $556 bn equity rout worsens amid growth, inflation concerns

The benchmark NSE Nifty 50 Index will likely drop at least 5 per cent in the three-months through March

Aiming to make Maharashtra $1 trillion economy by end of decade: Fadnavis

Maharashtra Chief Minister Devendra Fadnavis on Thursday said it would be the state's endeavour to become the country's first to have a USD 1 trillion economy by the end of this decade. While being interviewed in a programme titled 'Envisioning $1 Trillion Maharashtra' organised by Sakal News Group and Pune Public Policy Festival (PPPF), Fadnavis said, "It is being predicted that by 2032, Maharashtra will become USD one trillion economy. The reason for this prediction is that last year, we already surpassed the halfway mark. If we try a little hard, we can achieve the target by 2028, 2029 or 2030." "It would be our endeavour to make Maharashtra the first sub-national $ 1 trillion economy. Other states are way behind and they will take time to catch up with us. The youthful human resource of the state will contribute to this milestone," he added. By 2029, Maharashtra will be number one in every sector and will work as the growth engine of the country.

Despite moderation, India will be fastest growing economy: N Chandrasekaran

Tata Group Chairman N Chandrasekaran highlighted three major transitions in the world, including shift to renewable energy, that are moving in line with India's strengths

Meghalaya in 2024: $100 bn economy vision, majority for NPP, killer flood

Declaration of the vision for a USD 100-billion economy by 2047, the NPP securing majority, a devastating flood wreaking havoc as well as the unearthing of a multi-crore road project scam Meghalaya remained witness to a year of myriad developments in 2024. Hoisting the tri-colour at the Polo Grounds here on the occasion of Independence Day, Chief Minister Conrad K Sangma had unveiled the 'Viksit Meghalaya', the roadmap for a USD 100-billion economy by 2047. "I aspire for a 'Viksit Meghalaya' a USD 100-billion economy by 2047 when we celebrate the 75th anniversary of our statehood and the country's 100 years of independence," Sangma had said. In August this year, the National People's Party (NPP) got a shot in the arm when three out of the total four Congress MLAs joined the ruling party, increasing its strength to 31 in the 60-member assembly. The NPP secured a majority on its own in Meghalaya, which is ruled by a coalition, comprising other parties such as the UDP and BJP. Forme

1% rise in m-cap leads to 0.6% rise in GDP growth rate: SBI Eco Research

Savings of households in 'shares and debentures' has increased to 1 per cent of GDP in FY24, from 0.2 per cent in FY14

Corporate irregularities can impact economy at large: Justice Kumar

Justice Kumar added that regular audits and proper disclosures are essential to avoid instances of poor corporate governance, which may lead to the breakdown of a company

Economic empowerment of women will lead to country's progress: Prez Murmu

President Droupadi Murmu on Wednesday said economic empowerment of women will lead to the country's progress and development. She also asked women to avail of the welfare schemes of the Centre and the state government. Addressing a gathering here, where the beneficiaries of the Eknath Shinde-led government's 'Mukhyamantri Majhi Ladki Bahin Yojana' and 'Shashan Aplya Dari' programmes were given certificates, she said the economic empowerment will result in the personal growth of women, who account for half of the country's population. President Murmu expressed happiness that the Maharashtra government has set the target of making 25 lakh women Lakhpati Didis (women earning more than Rs one lakh per year). She said she was happy to note that 13 lakh women have already become Lakhpati Didis. "The Centre has revised the target of Lakhpati Didis from one crore to three crore," the president said. Murmu asked women to take care of their health while caring for their families. "If you

Japan's economy grew last qtr on healthy consumer spending, investments

Japan's economy grew at an annual rate of 3.1% in the April-June period, rebounding from the contraction in the previous quarter, government data showed Thursday. The world's fourth largest economy grew 0.8% in the fiscal first quarter, according to the Cabinet Office. Seasonally adjusted gross domestic product, or GDP, measures the value of a nation's products and services. The annual rate shows how much the economy would have grown or contracted, if the quarterly rate had continued for a year. Domestic demand grew a robust 3.5% from the previous quarter on the back of healthy household consumption and private sector investments, as well as government investments. Exports grew a booming 5.9%. Japan's GDP shrank 0.6% in January-March on quarter, after eking out 0.1% growth in October-December last year. Economic growth went back and forth between such periods of contraction and weak expansion for the past year. Today's GDP data signal that the virtuous cycle between income and ...

India likely to have highest per-capita income growth, says report

Study pegs growth at 5.4% during 2024-33