Page 5 - India Economy

Map of India, Anna University assault, and more

The BJP accused the Congress party of misrepresenting the map of India displayed at the Congress event marking the centenary of the 1924 session in Belagavi, Karnataka. >

The India story: How India, the 'bright spot', can continue to shine

The third part of the series looks at the areas it needs to focus on to realise its $5 trillion ambition and be counted among the top three economies

Investments, consumption to drive growth in FY26 to 6.6%: India Ratings

The rating agency also noted that inflation is likely to decline to 4.3 per cent in FY26 from 4.8 per cent projected by the central bank for the current fiscal

Q2 growth a temporary blip, economy to see better growth: FM Sitharaman

The Indian economy grew 6.7 per cent in the April-June quarter and 5.4 per cent in the July-September period of FY2024-25

Lower Q2 GDP growth a temporary blip, economy to improve ahead: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the lower-than-expected GDP growth of 5.4 per cent in the second quarter was a "temporary blip" and the economy will see healthy growth in the coming quarters. Replying to a debate in the Lok Sabha on the first batch of Supplementary Demands for Grants, she said India has seen "steady and sustained" growth and its GDP growth rate has averaged 8.3 per cent in the last three years. India continues to be the fastest-growing major economy in the world, Sitharaman added. The second quarter growth is only a "temporary blip", and the economy will see healthy growth in the coming quarters, Sitharaman said. The finance minister further said there is no broad-based slowdown in the manufacturing sector. Half of the sectors within the overall manufacturing basket continue to remain strong. The Indian economy grew 6.7 per cent in the first (April-June) quarter and 5.4 per cent in the July-September period. About inflation, Sitharaman said it

Understanding India's growth: Lessons from its economic episodes

How can we create conditions for a next Indian growth episode?

Smallholder agriculture key to achieving Viksit Bharat goal by 2047: Mishra

Mishra emphasised the critical role of agricultural growth in poverty reduction, especially in rural areas

Economy needs new thinking, can't progress when handful get benefits: Rahul

Congress leader Rahul Gandhi expressed concern on Sunday over India's GDP growth rate declining to its lowest in two years and said the country's economy cannot progress as long as a handful of billionaires accrue its benefits. He said a new thinking is required for India's economy and a new deal for businesses should be an important part of it. "When everyone gets an equal opportunity to move forward, only then will the wheel of our economy move forward," he said in a post in Hindi on X. The leader of opposition in the Lok Sabha said India's Gross Domestic Product (GDP) growth rate has fallen to 5.4 per cent, its lowest in two years. "The thing is clear -- the Indian economy cannot progress as long as a handful of billionaires are accruing its benefits and the farmers, labourers, middle class and the poor are struggling with various economic problems," he asserted. Sharing some facts, Gandhi said it is a worrying situation as retail inflation has risen to a 14-month high of 6.21

India, Japan hold first round of economic security, strategic trade talks

The first round of the India-Japan Dialogue on Economic Security, including Strategic Trade and Technology, was held in Tokyo on Wednesday during which the two sides underscored the need for "closer collaboration" to protect economic interests and build resilient supply chains and critical infrastructure in identified sectors. Both sides also agreed to bring "concrete results" through enhanced holistic collaboration in focus areas, the Ministry of External Affairs (MEA) said. "Foreign Secretary Vikram Misri co-chaired the 1st round of India-Japan Dialogue on Economic Security, including Strategic Trade and Technology, in Tokyo on November 27, 2024 along with Vice Minister, Ministry of Foreign Affairs of Japan, Masataka Okano," the MEA said in a statement. The dialogue, attended by stakeholder ministries, departments and agencies from both the governments, was announced during the India-Japan 2+2 ministerial meeting held in New Delhi on August 20. The meeting in Tokyo provided an ..

India's economy: Extended tight monetary policy may curb growth further

The forward-looking policy bias might create room to lower rates in early 2025

Need to link cooperative movement with circular economy, says PM Modi

Prime Minister Narendra Modi on Monday emphasised the need to link cooperative movement to circular economy and promote international collaboration in the sector. Addressing the ICA Global Cooperative Conference 2024 at the Bharat Mandapam here, Modi said that for India, cooperatives are the basis of culture and a way of life. He further said India sees a huge role for cooperatives in its future growth and in the last 10 years the country has worked to transform the entire ecosystem related to cooperatives. "Our effort is to make cooperative societies multipurpose," he said, adding that with the objective in mind, the government of India created a separate cooperative ministry. Modi said cooperatives are also playing a key role in the housing sector as well as in the banking segment. There are about 2 lakh housing cooperative societies in the country. He said the government has strengthened the cooperative banking sector and reformed it. "India is among the fastest growing econo

BS BFSI summit highlights: 'Data science can help pre-identify those vulnerable to cyber fraud'

Business Standard BFSI Summit 2024 highlights: Catch all the updates related to the BFSI summit here

BFSI summit highlights: Not acquisition but integration a challenge, says Razorpay's MD

Business Standard BFSI Summit 2024 updates: Catch all the updates related to the BFSI summit here

Fiscal burden of subsidies triggers political debate, rethink on freebies

Political parties routinely make pre-poll promises of subsidies and freebies, but the fiscal burden of such guarantees weighs heavily on state budgets once in power

India now holds more gold domestically, marking 60% increase: RBI data

Latest data from the central bank shows that 510 metric tonne of gold is held domestically

Strong demand for premium products persists despite inflation pressures

Amid shifting retail dynamics driven by India's quick commerce boom, premium products are moving off shelves faster across all channels

Privatising banks is essential: Arizona State University Economist Mehra

Mehra said that the bureaucracy is not going to voluntarily do anything that diminishes its influence

Rural demand rises but urban areas 'slow down'; will it impact GDP growth?

While rural demand has shown an uptick, rising food inflation and a slowdown in credit growth pose challenges, potentially dampening the country's growth in the second quarter of 2024-25

Positives outweigh negatives in economy: RBI Governor Shaktikanta Das

Says action against NBFCs in the best interest of customers

IMF predicts India's GDP growth to moderate to 7% in 2024, 6.5% in 2025

India's GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund (IMF) said on Tuesday. About the global economy, the IMF said the battle against inflation has largely been won, even though price pressures persist in some countries. After peaking at 9.4 per cent year over year in the third quarter of 2022, headline inflation rates are now projected to reach 3.5 per cent by the end of 2025, below the average level of 3.6 per cent between 2000 and 2019, it said. The annual World Economic Outlook released here projected global economic growth to stay steady at 3.2 per cent in 2024 and 2025, even though a few countries, especially low-income developing countries, have seen sizable downside growth revisions. "In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per c