India's Economic Growth

India's fiscal deficit during Apr-Oct reaches 52.6% of FY26 target

Capital expenditure, or spending on building physical infrastructure, at ₹6.18 trillion against ₹4.7 trillion a year ago

India may attract ₹360 trillion in green investments by 2047: CEEW

A new CEEW analysis says India could draw ₹360 trillion in cumulative green investments by 2047, unlocking a potential $1.1 trillion annual market across clean energy and circular value chains

India 'restless' for development, growing despite global challenges: PM

"Our GDP is growing at nearly seven per cent despite global instabilities; India is not just an emerging market but an emerging model too," he said

India's economic growth, social inclusion can advance together: UNDP chief

India has demonstrated that economic growth and social inclusion can advance together and it is helping translate its success stories into global lessons for a more equitable world, a top official of the UN Development Programme (UNDP) has said. The India growth story is not only about economic progress, but it is also about using technology and participatory governance to ensure that development objectives are achieved and no one is left behind, UNDP's Acting Administrator Haoliang Xu said. In an interview to PTI, Xu said India's commitment to climate adaptation, renewable energy and inclusive digital finance offers a blueprint for balancing growth with sustainability. India continues to shape "development pathways" that are both economically sound and climate-responsible, he said. The UN Under-Secretary-General and UNDP Acting Administrator was in India on a three-day visit to strengthen and identify new areas of cooperation, including in areas of digital transformation and clima

Economists recommend multi-pronged push to lift India's growth trajectory

India's path to a higher growth trajectory will depend on a mix of export diversification, domestic demand revival, and coordinated structural reforms, said leading economists at BS annual BFSI Summit

Growth outlook strong, trade diversifies amid US tariff tensions: Centre

India's trade performance for September 2025 showed early signs of diversification in export destinations, even as trade deal negotiations with the United States continue

GST a landmark reform that reshaped India's economic landscape: PM Modi

On the eighth anniversary of the Goods and Services Tax (GST) roll out, Prime Minister Narendra Modi on Tuesday said the indirect tax regime stands out as a landmark reform that has reshaped India's economic landscape. He said on X, "By reducing the compliance burden, it has greatly improved the ease of doing business, particularly for small and medium enterprises. GST has also served as a powerful engine for economic growth, while fostering true cooperative federalism by making states equal partners in this journey to integrate India's market." The GST, which was implemented from July 1, 2017, has unified 17 taxes and 13 cesses, creating a seamless national market by simplifying compliance and digitising tax systems. It has also expanded the taxpayer base and strengthened cooperative federalism, the government has said. The gross GST collections in the first year of operation (nine months) were Rs 7.40 lakh crore. Over the years, it has witnessed exponential growth, it said. In ..

Corporate sector vital to India's growth, progress: President Murmu

President Droupadi Murmu on Wednesday said that the corporate sector is a key pillar of the nation's economic growth and development. While addressing officer trainees of the Indian Corporate Law Service, she noted that their decisions would influence not only policies and regulations but also the trust that citizens and investors have in the country's institutions. As officers entrusted with the implementation and enforcement of corporate laws, "your role will be central in nurturing a business environment that is transparent, accountable, and conducive" to innovation and entrepreneurship, the President said. "The corporate sector is a key pillar of our nation's economic growth and development," Murmu told the trainees, who had called on her at the Rashtrapati Bhavan here. Referring to the Companies Act of 2013, she highlighted their responsibility to ensure that the law is not only enforced but also understood, respected, and applied in a way that promotes justice, fairness, and

Investors show strong faith in India's economy, PM's policies: Vaishnaw

Investors have continued to exude a high level of confidence in India's economy, the Prime Minister's policy and the country's talent, Union Minister Ashwini Vaishnaw said on Tuesday. The minister was responding to a question on investor sentiment post-India-Pakistan military standoff on the sidelines of the inauguration of a new design centre by the Japanese semiconductor company Renesas. "There is a very high level of confidence about our country's economy, about our Prime Minister's policies, about the excellent talent that we have in our country, and the way, the measured, the calibrated way by which our economy is growing," Vaishnaw said in response to question the mood of investors after heightened tension between India and Pakistan following their four-day military confrontation. "Everybody wants to come to India at a much faster pace," Vaishnaw said. The minister said that Renesas has started a new semiconductor design centre in Noida which will mark the beginning of design

Creativity, not code, main driver India's future economy: Adobe CEO

Global tech major Adobe Systems' chief executive Shantanu Narayen on Thursday said creativity, and not software code, will be the main driver of India's economy in the future. Speaking at the WAVES 2025 event here, the India-born executive also announced that the company will help over 2 crore Indians and 5 lakh teachers to get trained in digital creativity with partners by offering free access to its wares. It can be noted that the over USD 250-billion IT sector has been a big contributor to the country's economic growth over the last few years. AI will supercharge creativity and production by enhancing human imagination, offering new tools, perspectives and possibilities that people can explore ideas in ways never seen before, he said. "Given the size and breadth of the creative opportunity that AI unlocks, it's fair to say that India's next growth as an economy will not be in software code but in creativity," he said. He added that by training AI models on Indian cultural, ...

India not just nation of dreams but also one that delivers, says PM Modi

Prime Minister Narendra Modi on Friday asserted that the importance India's efforts, innovations and opinions are receiving today never happened earlier. Speaking at the TV9 Summit on the theme of "What India Thinks Today", Modi said India is not only participating in the world order but also contributing to making its future safe and secure. Taking an apparent swipe at opposition parties for their criticism of probe agencies like the Enforcement Directorate (ED), he said those who looted the public money have had to return it. "The ED is being abused day and night. It has recovered over Rs 22,000 crore. This money is being returned legally to those from whom it was looted," he said. He said the country has travelled from aspiration to achievement and from desperation to development under his government's over 10-year tenure, citing its massive welfare programmes for health insurance, cooking gas cylinders, building toilets and supplying piped drinking water. India is now not only

BS Manthan: Uday Kotak to address India's economic growth and challenges

Business Standard is scheduled to host BS Manthan, one of India's biggest thought leadership summits, in New Delhi on February 27 and 28 with policymakers and industry leaders in attendance

India can achieve 7% growth rate and should aspire for more: RBI Governor

RBI prioritises growth as inflation cools, cuts repo rate to 6.25% in Feb 2025 MPC meeting

Record tax cuts in Budget to spur consumption, says CEA Nageswaran

In the Economic Survey last week, Nageswaran said that Asia's third-largest economy is expected to expand at a modest clip of 6.3 per cent-6.8 per cent in the coming fiscal year

Reforms, innovation drive India's global economic rise: Amitabh Kant

According to the International Monetary Fund (IMF), 75-80 per cent of the world's growth this year will come from the Global South, with India and Indonesia at the forefront of this surge

Growth set to rebound, food inflation needs monitoring: RBI report

Banks reluctant to lend in money markets amid tight liquidity conditions

India to become world's third-largest economy by 2027: Piyush Goyal

Union Minister of Commerce and Industry, Piyush Goyal on Tuesday said that by 2027, India will be the world's third-largest economy, ahead of Japan and Germany. Addressing the annual meeting of Tamil magazine 'Thuglak' here, Goyal said, "What did Mr Modi do in ten years? He took India from the 11th largest GDP to the fifth-largest GDP." Further, the minister said that the then Union Finance Minister P Chidambaram in his interim budget of 2014 had predicted that in the next 3 decades, India's nominal GDP would take the country to the third rank, after US and China. Chidambaram had predicted in 2014, a 30-year duration for India to become the third-largest GDP, he noted. "What did Mr Modi do? He said I will do it in less than half that time and I assure you friends, by 2027, India will be the world's third-largest economy, ahead of Japan and Germany; in only 13 years and not 30 (years), that is Prime Minister Modi's commitment and courage of conviction," Goyal asserted. Also, he sai

India's GDP likely to grow 6.4% in 2024-25, show first advance estimates

Economic Survey had projected a GDP growth of 6.5% to 7%. This was later revised to 6.5% by the finance ministry in November 2024

Former PM Manmohan Singh, architect of modern India's economy, passes away

Dr Singh, 92, was admitted to Aiims Delhi's emergency ward late Thursday and had been battling health issues for a while

MPC minutes: External members back rate cut, say inflation hampering growth

They also support a rate cut to avoid the risk of sharp currency appreciation if India does not normalise interest rates when most other global central banks have already embarked on an easing cycle