Page 4 - India Economy

Reality check: From UP to TN, 5 states promise to chip in combined $5 trn

Rupee depreciation and slow growth weigh on states' ambitious economic goals

IMF trims India's FY27 growth forecast to 6.4% from 6.5% in April

The IMF has cut India's FY27 growth forecast to 6.4 per cent, saying higher energy prices outweigh resilient economic activity, while raising its FY28 projection

VB-G RAM-G weakens rural employment guarantees, shifts power to Centre

The revamped rural jobs programme weakens the safety net and shifts power from states to the Centre

Weekly economy wrap: Energy relief, slower PMI, monsoon concerns mark week

Fuel curbs were withdrawn and LPG prices fell as energy pressures eased, but softer PMI readings, a wider fiscal deficit and inflation risks kept policy concerns alive

Best of BS Opinion: Resilience depends on adapting better

From capital flows and climate risks to telecom regulation and corporate governance, today's opinion package explores why institutions must evolve to meet new realities

'Powered' up: Pvt projects pipeline expands 70% in Q1 to ₹13.1 trn

Private sector project announcements jumped over 70% in Q1FY27, led by power projects, even as government capex plans more than halved amid fiscal pressures

Emerging challenges: India needs to do more to attract stable capital flows

Falling oil prices offer India short-term relief, but the RBI warns that geopolitical tensions and shifting global capital flows continue to pose financial stability risks

Sustained Hormuz disruption may crowd out pvt capex in India: Report

Extended Strait of Hormuz disruption could fuel inflation, weaken the rupee, widen the current account deficit and crowd out private investment, says report

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