Page 3 - India Economy

India remains fastest-growing major economy: HUL chairman Nitin Paranjpe

India remains the world's fastest-growing major economy despite a challenging global environment, and sustaining high growth will require continued reforms, investments and execution, HUL Chairman Nitin Paranjpe said on Tuesday. Addressing shareholders at the 93rd AGM, India has demonstrated "structural resilience" at a time when global economies are grappling with geopolitical conflicts, climate volatility, tightening financial conditions and shifting consumer behaviour. "While growth expectations have moderated, India continues to be the fastest-growing major economy," he said. India's long-term growth prospects are supported by "three drivers", which are favourable demographics, digital public infrastructure and a proactive policy environment. According to Paranjpe, India's young population can become a force multiplier for consumption, productivity and innovation, while the country's digital public infrastructure has created a unique foundation for commerce, credit and financia

ChatGPT for India's economy? Government building an AI platform for all economic data

India is building a first-of-its-kind AI-powered platform for official economic statistics. The Ministry of Statistics and Programme Implementation (Mospi) is developing a Common Data Platform

Weekly economy wrap: Core sector slowdown, US trade talks shape policy week

India's policy week was marked by US trade talks, weak core output, stronger FDI, coal-import substitution and a faster disinvestment push

Most steps for India's inclusion in global bond indices in place: RBI guv

Governor Sanjay Malhotra says investor-friendly measures are being rolled out as India seeks inclusion in Bloomberg's Aggregate Bond Index

India's vision of Viksit Bharat needs building institutional architecture

India's path to becoming a high-income economy hinges on building strong, accountable institutions that can harness demographic, energy and AI opportunities

Building buffers: Forex inflows should be used to build up reserves

Falling crude prices and US-Iran talks have eased pressure on the rupee, but RBI may continue building forex buffers amid global and domestic uncertainties

India's core sector growth slows to seven-month low of 0.5% in May

Coal output contracted 9.3 per cent in May, marking a 10-month low, while growth in petroleum refinery products slumped to a 42- month low of -8.7 per cent

Corporate order flows sharply down amid West Asia conflict: CMIE

Corporate order inflows hit a 13-month low in May as weak demand, geopolitical tensions and cautious private investment weigh on project awards

EXIM matters: Fragile US-Iran ceasefire brings relief, likely to last

A pause in West Asia hostilities offers relief on energy, freight and trade costs, but India must stay alert as the US-Iran understanding remains fragile

"Set to become third-largest economy": Australian PM hails India’s rise, awaits PM Modi's visit

Australian Prime Minister Anthony Albanese on Thursday said he looked forward to hosting PM Narendra Modi again soon, while describing India's growing economic importance

Weekly economy wrap: Inflation, current account surplus set policy tone

India's macro picture stayed broadly resilient this week, but higher fuel and food prices, global uncertainty, and policy adjustments kept pressure on households and companies

India to remain fastest growing economy at 6.6% in FY27, says World Bank

The Bank also cut its estimates for global economic growth to 2.5 per cent due to the West Asia crisis; India seen growing at 6.6 per cent in FY27 and 7.2 per cent in FY28

Why PM Modi asked Indians not to buy gold for a year and what it says about India’s economy

PM Narendra Modi’s unusual appeal asking Indians to avoid buying gold for a year has sparked concern and debate. Is India facing economic stress?

Weekly economy wrap: RBI rate pause, GDP beat frame week of policy shifts

RBI's policy hold and India's stronger-than-expected GDP growth anchored a week marked by firm PMIs, fuel-price risks, trade talks and fresh Cabinet approvals

Achieving energy self-reliance is key amid global crises: PM Modi

PM Modi said India has remained resilient through global crises, highlighting self-reliance, energy security and infrastructure-led growth

Datanomics: Indian economy slips to 6th spot on rupee weakness

India's GDP rose to ₹346.36 trillion in FY26, but rupee depreciation against the US dollar kept the country behind the UK and Japan in global economic rankings

Global North must stop growing for India to catch up in prosperity: Piketty

Thomas Piketty says rich nations must curb growth and cut fossil-fuel use if countries like India are to achieve developed-world living standards by 2100

Rupee depreciation: India's GDP, per capita GDP could shrink in dollars

Rupee fall to show shrunk FY26 GDP in dollars

India shouldn't let headwinds cloud its growth potential: Citi's Fraser

Citi Chair and CEO Jane Fraser says India remains the world's fastest-growing major economy and should stay focused on its long-term growth trajectory

Tax rebates: FY26 provisional expenditure, revenue show need for a rethink

The provisional expenditure and revenue numbers for 2025-26 underline the need for reviewing tax rebates