Page 2 - India Growth

UN cuts India's 2025 growth forecast to 6.3% amid global tensions

UN WESP report lowers India's growth outlook for 2025 to 6.3 per cent, citing rising trade tensions and policy uncertainty, but notes strength in consumption and investment

Moody's cuts India's GDP forecast to 6.3% in 2025 on US trade uncertainty

Moody's Ratings on Tuesday cut India's GDP growth projections for 2025 to 6.3 per cent, from 6.5 per cent, saying economies globally will see a slowdown on account of heightened US policy uncertainty and trade restrictions. In its Global Macro Outlook 2025-26 (May update), Moody's said geopolitical stresses, like tension between India and Pakistan, also have a potential downside risk to its baseline growth forecasts. Costs to investors and businesses are likely to rise as they factor in new geopolitical configurations when deciding where to invest, expand, and/or source goods, Moody's said. Moody's cut India's growth projections to 6.3 per cent for 2025 calendar year, but retained it at 6.5 per cent for 2026. This compares with a 6.7 per cent growth in 2024. Moody's expects the Reserve Bank of India to lower benchmark policy rates further to support growth. "Economic growth was already set to slow this year back to its potential rate. We lowered our global growth projections for 202

Global capital, Indian growth rhythm shape Asia's investment lens

The Asian investment lens is undergoing a quiet recalibration with global general partners re-prioritising India as a long-term strategic hub, but with a local twist

The Applecart upset: US reciprocal tariffs bite into India growth plans

Apple's rapid India pivot now faces a Trump-sized tariff pothole

Growth likely slowed in Q2 but no significant downside risk in FY25: DEA

India's economic growth may have slowed in the September quarter, but overall there is not much downside risk to 6.5-7 per cent growth in the current fiscal year, Economic Affairs Secretary Ajay Seth said on Wednesday. Seth said while some goods and services may not have have grown at the same pace as in the last year in the second quarter of the current fiscal year, data on e-way bills and e-invoices does not indicate any significant downside possibility to the full year 6.5-7 per cent growth projected in the Economic Survey. The secretary also said food prices have been a concern but other than that, inflation is not a challenge for India. On capex, Seth said the government's capital expenditure may see some undershooting of the Rs 11.11 lakh crore in the current fiscal year. But the capex will be higher than Rs 9.5 lakh crore in the last fiscal year. "We started the year with estimates in the economic survey of 6.5-7 per cent growth. I don't see any significant downside risk to

Despite Covid crisis, India growing at 7-8%, says Dharmendra Pradhan

Though several developed economies suffered badly due to the Covid crisis, India continued to grow at 7 to 8 per cent during the last 10 years, Union Minister Dharmendra Pradhan said on Friday. In his keynote address at the Indian School of Business (ISB) here, Pradhan said India is set to surpass Japan and France and become the third largest economy in the world in the next three to four years. "Several developed economies in the world suffered badly due to the Covid crisis. Still, we are thriving with a 7 to 8 per cent growth rate since last decade and we will continue to do that," he said. The Minister of Education said India has a low corporate tax as Prime Minister Narendra Modi is very clear on not getting money to the exchequer by imposing more taxes, but more income in low slabs. He further said 46 per cent of the global digital payments are happening in India even as 25 crore people have been out of the poverty line.

Investment, private consumption driving India's growth: IMF report

The IMF kept its GDP growth forecasts for India unchanged at 7 per cent for FY25 and 6.5 per cent for FY26 in its World Economic Outlook

Vaunted consumption story in fastest-growing major economy cracking: Report

Urban demand growth has been trending down for five quarters, data from market research firm Kantar Worldpanel shows. And the sense of unease around this is spreading

India to face 24.7% GDP loss by 2070 due to climate change: ADB report

Climate change under a high-end emissions scenario could lead to a 16.9 per cent loss in GDP by 2070 across the Asia and Pacific region, with India projected to suffer a 24.7 per cent GDP loss, according to a new report. Rising sea levels and decreasing labour productivity would drive the most significant losses, with lower-income and fragile economies being hit the hardest, it said. The new research, presented in the inaugural issue of ADB's "Asia-Pacific Climate Report", details a series of damaging impacts threatening the region. It says that if the climate crisis continues to accelerate, up to 300 million people in the region could be at risk from coastal inundation, and trillions of dollars' worth of coastal assets could face annual damage by 2070. Climate change has supercharged the devastation from tropical storms, heat waves, and floods in the region, contributing to unprecedented economic challenges and human suffering, said ADB President Masatsugu Asakawa. Urgent, ...

Diaspora key to India's 2047 development goal: President in Mauritania

Emphasising India's goal of becoming a developed nation by 2047, President Droupadi Murmu on Wednesday acknowledged the crucial role of the Indian diaspora in achieving this vision while addressing the community members in the Mauritanian capital. The president arrived here earlier in the day on the second leg of her three-nation visit to Africa. It is the first visit to Mauritania by an Indian leader at the highest level since the African nation won independence in 1960. "We are rapidly moving towards our goal of making India a Developed India' by the year 2047, and our diaspora family is a very important factor in this process," Murmu said at a community reception organised here. Expressing gratitude to the host nation, she said, "I express my gratitude to the government and people of Mauritania for always supporting the Indian community." Highlighting the potential for India-Mauritania cooperation, President Murmu noted that India could contribute to Mauritania's development in

India's Growth Story: These 5 Sectors Might Explode

.

World Bank follows IMF. Revises India's FY25 GDP growth forecast to 7%

The International Monetary Fund had earlier also raised India's growth forecast to 7 per cent for the financial year 2024-25 (FY25), following the conclusion of general elections in the country

World at cusp of ushering India era as we gain developed status: NK Singh

The world is at the cusp of ushering in an India era as the country's growth trajectory moves towards a developed nation status by 2047, leading economist and policymaker N K Singh has said. In his address on being conferred a prestigious Honorary Fellowship at the London School of Economics and Political Science (LSE) on Wednesday evening, the President of the Institute of Economic Growth said he was humbled to be joining the ranks of fellow Indians such as Nobel laureate Professor Amartya Sen and former president K R Narayanan. The renowned university said the honour was in recognition of Singh's long-standing and committed relationship with the LSE and his efforts to facilitate its unique relationship with India as Co-chair of LSE's India Advisory Board. It is a humbling moment for me considering the stature of many of my predecessors. The LSE has been a centre of academic excellence since its inception in 1895. Its connection with India has been an intensive, inquisitive and ...

Gender Gap index: Indian women earn Rs 40 for every Rs 100 earned by men

India slipped two spots at 129th rank in World Economic Forum's Global Gender Gap index 2024. While India's economic parity score has been improving, it's 6.2 percentage points below 2012 level of 46%

Schneider Group-owned Lauritz Knudsen to invest Rs 850 crore in 3 years

L&T Switchgear, the electrical and automation arm of L&T, which Schneider Electric acquired in 2020, is rebranded as Lauritz Knudsen

Flash composite PMI up at 61.7 in May, job creation strongest in 18 years

The survey also noted that amid reports of higher labour and material costs, input prices across the private sector rose at the fastest pace in nine months

India emerges as a curious mkt in global restructuring of industrial majors

Linde Plc, Siemens, and GE are three such entities that have made changes to their global business structures in the past few years

India likely to grow at 10% for 10-20 years: Deloitte's Romal Shetty

He urged investors to grab the opportunity India's rapid growth offers

CPI inflation to average 4.5% in FY25, growth to top 7%: RBI Governor

Observing that headline inflation substantially eased from the elevated level seen in the summer of 2022, Das said price momentum was easing across core goods and services

IT leaders Infosys, TCS kick off Q3 earnings season with weak numbers

Infosys cuts growth guidance as net drops 7.3%; TCS profit up 2%