Page 2 - Gdp

India's resilience stands out amid global uncertainties: FM Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said India's resilience stands out due to its strong macroeconomic fundamentals amid increasing global uncertainties. Speaking at the 91st Foundation Day function of the Bank of Maharashtra, the Union Finance Minister said the uncertainty in the global environment has increased over the past year, and its impact is being felt across countries. "But amidst all these uncertain global situations, India's resilience stands out and several favourable factors, such as strong macroeconomic fundamentals, a young demography, and greater reliance on domestic demand, provide the core strength to the Indian economy," she noted. Sitharaman said the economic resilience has continued, particularly in the April-June quarter this year, as well, where India's GDP has grown by 7.8 per cent. "This...is not accidental at all," she said, adding that it reflects proactive fiscal and monetary policies, bold structural reforms, massive infrastructure creation

Agri share in GDP must rise to 26% for India to be self-reliant: Gadkari

Union Minister Nitin Gadkari on Wednesday stressed on the need to increase the share of agriculture and allied sector in the GDP to at least 26 per cent from the present 18 per cent to make India self-reliant. Addressing an annual general meeting of Crop Care Federation of India, Gadkari, the Union Road Transport and Highways Minister, emphasised on reducing the cost of production to make agriculture sector economically viable. To cut input costs, he called upon the farm equipment manufacturers to make electric as well as flex-engine tractors. Gadkari also asked the agro-chemicals industry to focus on introducing affordable bio-pesticides and bio-insecticides products by undertaking intensive research & development (R&D) works. He also told the industry to produce basic raw material in India itself and reduce import dependency to ensure the quality of the finished agro-chemicals. Talking about the agriculture sector, Gadkari said the farm sector is the backbone of our ...

S&P Global retains India's GDP forecast at 6.5%, revises inflation downward

The report added that low inflation provides room for further monetary policy adjustments, with S&P expecting a 25-basis-point (bps) rate cut by the Reserve Bank of India in FY26

GST revamp may trim revenue but fiscal impact limited, says BofA Securities

GST Council approves two-slab system from September 22; BofA Securities says impact on GDP and government finances will be small, while consumption may get a boost

India's GDP growth likely to stay strong in Q2FY26, say economists

Economists say the effect of a low deflator and low base is likely to boost expansion

India's strong GDP growth fails to boost equity markets amid US tariffs

GDP in India grew at 7.8 per cent in April-June quarter in real terms, but nominal growth, which represents output at current market prices, fell to 8.8 per cent from 10.8 per cent in last 3 months

US govt puts GDP data on the public blockchain in Trump's crypto push

The move, as described by Commerce Department officials, will create another avenue - not a replacement - for publishing the economic data

India's GDP growth likely at 6.3% in FY26, below RBI estimates: SBI report

India's economic growth is expected to be lower at 6.3 per cent this fiscal compared to the RBI's projection of 6.5 per cent, a SBI Research Report said on Thursday. The report pegged the first quarter GDP estimate at around 6.8-7 per cent, mainly due to muted private capex. India's economy is likely to grow at 6.3-6.8 per cent in 2025-26 on the back of strong macroeconomic fundamentals, though strategic and prudent policy management will be required to navigate global headwinds, as per the latest Economic Survey. The country witnessed a muted growth at 6.5 per cent in 2024-25 (April 2024 to March 2025), down from 9.2 per cent in the previous year. Sharing the quarterly growth estimates, the report said the Indian economy is expected to grow at 6.5 per cent in the second quarter and at a lower rate of 6.3 per cent in the next quarter. In the fourth quarter of the current financial year, the GDP growth will be lowest at 6.1 per cent, it added. Compared to the SBI report, the Reser

Parl panel pitches for 35% of GDP as investment to achieve 8% growth rate

A parliamentary panel on Tuesday pitched for raising the investment rate from 31 per cent of the GDP to 35 per cent to achieve the ambitious growth target of 8 per cent. The Standing Committee on Finance also urged the government to maintain sustainable, growth-oriented energy policies that prioritise affordability and efficiency while balancing climate commitments with economic and social objectives. The committee headed by BJP leader Bhartruhari Mahtab also suggested that the Ministry/Central Electricity Authority (CEA) expedite the development of pumped storage projects (PSPs), recognising their critical role in strengthening energy security and reducing import dependency. The panel noted that the investment rate must increase to about 35 per cent of the gross domestic product (GDP) from the current 31 per cent to achieve the ambitious growth target of 8 per cent annually for at least a decade. "Financing this may result in higher levels of current account deficit (CAD), which i

Govt proposes 2022-23 as new base year for GDP and IIP: Minister

The government has proposed 2022-23 as new base year for the Gross Domestic Product (GDP) and Index of Industrial Production (IIP), and 2024 for Consumer Price Index (CPI), Parliament was informed on Wednesday. "The Ministry is underway to revise the base year of GDP, IIP and CPI. The base year is revised periodically to better capture the structural changes happening in the economy by updating the methodology of compilation and incorporation of new data sources," Minister of State for Statistics & Programme Implementation said in a written reply to Lok Sabha. For the CPI, list of items and their respective weights derived from the Household Consumption Expenditure Survey of 2023-24 is used in the revised index. The Ministry has conducted its first Forward-Looking Survey on Private Corporate Sector CAPEX Investment Intentions from November 2024 to January 2025 and the findings of the survey have been published. The Ministry has also conducted a Pilot Study on Annual Survey of ...

Indian economy contributing more to global growth than US: RBI Guv Malhotra

RBI Governor Sanjay Malhotra says India contributes 18% to global GDP versus US share of under 11%, retains FY26 growth forecast at 6.5% despite Trump's 'dead economy' remark

US tariffs to have 'negligible' impact on India's GDP, exports: Study

The 25 per cent tariffs on Indian goods announced by US President Donald Trump will have "negligible" impact on the country's GDP as only USD 8.1 billion of exports to America might get affected, according to a PHDCCI study released on Wednesday. The tariffs announced by the US are likely to come into effect on August 7, 2025. The paper, released by the PHD Chamber of Commerce and Industry (PHDCCI), also recommends a series of measures to mitigate the impact of US tariffs. "Our analysis indicates that there will be an estimated impact of only 1.87 per cent on India's total global merchandise exports and a negligible 0.19 per cent on India's GDP as a result of a 25 per cent tariff announced by the US on India," said Hemant Jain, President, PHDCCI. The study said the total potential export impact is estimated at USD 8.1 billion based on 2024-25 merchandise exports of USD 86.5 billion (1.87 per cent of India's total global export). Among other sectors, the study said the levies would

Fitch cuts GDP growth projections to 6.3%; sees mild impact of US tariffs

Fitch Ratings on Friday cut India's GDP projections for the current fiscal to 6.3 per cent and said it expects a limited direct impact of higher US tariffs on Indian corporates. In its Global Economic Outlook in April, Fitch had estimated India's GDP growth at 6.4 per cent for 2025-26. "We expect India's GDP growth of 6.3 per cent and robust infrastructure spending to underpin healthy demand for cement and building materials, electricity, petroleum products, steel, and engineering and construction (E&C) companies during FY26," Fitch said in its India Corporates Credit Trends report released on Friday. Fitch Ratings expects credit metrics to improve for its rated Indian corporates in the financial year ending March 2026, as wider EBITDA margins offset their high capex intensity. On the impact of US tariffs, Fitch said it expects a "limited direct impact" on its rated Indian corporates from higher US tariffs due to generally low to moderate US export exposure. However, second-order

Economy to grow at 6.5% in FY26 despite global uncertainties: EAC-PM Chair

The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade policy uncertainties. "However, the Indian economy is resilient and continues to be the fastest growing country among large economies," the eminent economist said. According to Dev, high-frequency indicators for the first two months of 2025-26 indicate resilient performance of the domestic economy. "A 6.5 per cent of GDP growth for FY26 is feasible despite global uncertainties. India's medium-term growth prospects see

Industry's share in GDP declining, but big business growing: Cong

The Congress on Monday accused the Modi government of focussing on big businesses and alleged that the growth of such business groups is not accelerating economic growth. In a post on X, Congress general secretary (communications) Jairam Ramesh said the industry's share in GDP has been declining, just as concentration in the industry is increasing and this, in turn, is one of the main causes of inflation due to rising prices. "While tall claims continue to be made by the PM and his drumbeaters on industrial growth, three facts are incontrovertible - Industry's share in GDP has been declining, just as concentration in industry has been increasing. This has raised prices for consumers and is one of the main sources of inflation," he claimed in his post. Ramesh said within the 'G25' in Indian business, there is a 'G5' whose increasing share is coming at the expense of the remaining 'G20'. "Big business groups are growing even bigger but that is not acclerating economic growth-- in fac

Looking beyond Europe: Nato defence spending hike could impact exporters

The Nato decision is a response to fears of security threats from Russia, which is enhancing its war capabilities and apprehensions that the US cannot be relied upon to defend Europe

India's external debt rises to $736 billion, 19.1% of GDP, says RBI

Short-term debt to total debt ratio dips to 18.3

Without structural changes to economy, India risks its demographic dividend

Migration from low- to high-productivity geographical regions and industrial sectors must also be promoted and supported

India-China friction has not impacted AIIB's functioning, says VP Pandey

Frictions between India and China have not affected the functioning and growth of the Asian Infrastructure Investment Bank (AIIB), where both countries are the top two investors, the bank's Vice President of Investment Solutions Ajay Bhushan Pandey has said. In a detailed interview with PTI Videos here, Pandey, a former finance secretary and CEO of Aadhaar, sought to dispel the impression that the AIIB was a Chinese bank and said it truly emerged as a multilateral development bank (MDB) with well-established governing structures. According to the bank's official data, China is the largest shareholder of the AIIB with 26.54 per cent voting shares. India is the second-largest shareholder with 7.58 per cent, followed by Russia with 5.9 per cent and Germany with 4.1 per cent. In his nearly hour-long interview, Pandey addressed a range of questions, including whether India-China tensions and the absence of influential countries like the US and Japan impacted the bank. Pandey, who took o

Viksit Bharat by 2047 goal: Are we on track for tech advancement?

Public support for innovation must shift towards radical improvements in higher education and financial support for startups and new innovators