India Economy

Knowledge most powerful tool for India to become $5 trn economy: Gadkari

Knowledge is the most powerful tool for India to become a USD 5 trillion economy and the third largest economy in the world, Union Minister Nitin Gadkari said on Monday. Speaking at an event in the Indian Institute of Technology Bombay, he said the future of any country is based on the type of futuristic technology it possesses. "The IITs and its students have have a great contribution towards the country's development and progress. While working in the government, if we face any challenge, we refer it to the IITs first. The credibility of IITs is so good that the solution we get is widely accepted. In a nutshell, you are the capital of knowledge," the Union minister said. "The progress of the country, resources, technologies are important but what is more important is the futuristic technology and knowledge. The future of any country is based on what type of futuristic technology it possesses," he added. Prime Minister Narendra Modi has put forth a target in the form of a mission

RBI cuts repo rate by 25 bps to 5.25%, keeps policy stance ‘neutral’

The Reserve Bank of India has reduced the repo rate by 25 basis points to 5.25 per cent in its December policy review. The central bank has also raised its growth forecast and lowered its inflation

India's trade crossroads: Navigating global headwinds, building resilience

The challenge is not reversal but recalibration: India must redesign its external strategy even as domestic engines stay strong

India in a 'sweet spot', GDP growthto be over 7% in FY26: Ficci President

India is "in a sweet spot" to sustain growth, and the GDP is expected to expand by over 7 per cent this financial year on the back of strong macro fundamentals and ongoing reforms, new FICCI President Anant Goenka said on Tuesday. Goenka also said that the chamber's focus for the coming year would be to increase the share of the manufacturing sector in the GDP from its current 15-17 per cent to 20-25 per cent levels over time. To make sure that happens, the chamber has outlined priorities such as increasing R&D spending from 0.7 per cent to over one per cent of GDP; strengthening industry-academia partnerships, supporting the government's efforts to further promote ease of doing business, trade and supply chain security, and enhancing manufacturing excellence which includes focus on quality, women in the workforce, and adopting sustainable practices. "I think GDP should be 7 plus kind of level (during 2025-26). After all the changes that have happened with respect to the income ...

Mind the gap: GDP growth vs corporate results reveal real lack of demand

India's strong GDP growth masks a deeper disconnect: muted revenues, weak private capex, and demand constraints that leave corporate performance trailing headline numbers

Global value chain faces disruption, reforms driving growth: FM Sitharaman

Finance Minister Nirmala Sitharaman highlights global challenges, stresses infrastructure push, reform measures, and technology-led growth to boost investment and productivity

Untapped mines could save India $100 bn in imports annually: CSEP study

Policy hurdles, high royalties and red tape keeping global explorers away, warns report

Navigating global turmoil: Can India stay the course? | BFSI Summit 2025 | Indian Economy

As global markets grapple with persistent geopolitical uncertainties, inflationary pressures, and monetary policy shifts, experts at the Business Standard BFSI Insight Summit 2025

10 yrs of inflation targeting framework: What's next?| BFSI Summit 2025 | Indian Economy

Almost a decade after India shifted to a formal inflation-targeting regime under the Monetary Policy Committee (MPC) framework of the Reserve Bank of India (RBI)

Indian economy performing better than feared two months ago: CEA Nageswaran | BFSI Summit 2025

India’s economy is performing better than expected and is likely to post growth north of 6.7 per cent in the current financial year, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Wednesday

IMF projects Indian economy to grow at 6.6% in 2025-26, outpacing China

The IMF released its revised projections following the effects of US tariffs across various economies and the subsequent deals made between countries amid growing uncertainty

India's economy expected to grow at 6.7-6.9% in FY26 amid reforms: Deloitte

Deloitte India on Thursday projected India's economy to grow 6.7-6.9 per cent in the current fiscal amid buoyant demand and policy reforms. Indian economy grew 7.8 per cent in the April-June quarter of current fiscal. Deloitte India's 'India Economic Outlook' report forecasts a GDP growth between 6.7 and 6.9 per cent, averaging 6.8 per cent this fiscal year, up by 0.3 percentage points from Deloitte's previous forecast. This performance signals not just resilience but a renewed sense of India emerging stronger than most nations. Similar growth rates are expected in the subsequent year, but the range of variation remains broader due to uncertainties associated with trade and investment. The GDP growth forecast is in lines with the RBI which projected FY26 economic growth at 6.8 per cent. Growth is likely to be supported by buoyant domestic demand, accommodative monetary policy, and structural reforms, such as GST 2.0. Low inflation will contribute to spending as purchasing power ..

India resilient but not immune to global headwinds, says RBI report

RBI's State of the Economy report highlights India's macro strength despite global volatility; notes negative FDI inflows and rising policy uncertainty worldwide

Private sector sees scope in India as govt maintains capex push: Sitharaman

Finance Minister Nirmala Sitharaman on Friday said India's capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She said the task before nations is not only to manage uncertainty but to confront trade, financial and energy imbalances. "Geopolitical conflicts are intensifying. Sanctions, tariffs, and decoupling strategies are reshaping global supply chains... For India, these dynamics highlight both vulnerability and resilience. Our capacity to absorb shocks is strong, while our economic leverage is evolving. "Our choices will determine whether resilience becomes a foundation for leadership or merely a buffer against uncertainty," Sitharaman said at Kautilya Economic Conclave 2025 here. Addressing the session on 'Seeking Prosperity in Turbulent Times', Sitharaman said wars and strategic rivalries are redrawing the boundaries of cooperation and conflict. "Alliances that once appeared solid are being tested, and new .

Flash PMI eases to 58.5 in September on weak export orders

India's Flash PMI slowed in September as weak export orders hurt manufacturing while domestic demand ahead of festivals offered support, easing price pressures and lifting confidence

India's 8% growth goal at risk as private capex lags: YES Securities

YES Securities warns India's growth relies too heavily on government spending as private capital expenditure falters despite record corporate cash holdings of ₹10.35 trillion

Fed cuts rates 25 bps but inflation risks keep investors on edge

Some investors are now less certain that a rapid shift to lower borrowing costs will materialize, potentially dampening optimism that stocks and bonds would get a strong lift from easier policy

India's reforms give cushion against global uncertainty: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran said GST overhaul and structural reforms will strengthen India's resilience to global risks and help meet the fiscal deficit target

Revenue loss? State govts build pressure on Centre after GST reform

Opposition-ruled states warn of steep annual losses; Centre assures higher consumption will offset revenue hit

Best of BS Opinion: India's new-age economy gets a data reset

Today's Opinion pieces explore a new data framework, the Bima Sugam initiative, the real impact of the GST rate cuts, and what the startup ecosystem really needs