India's Growth

Budget 2025: On track to make India future-ready with growth focus

This year's budget has the potential to lead to Green Revolution 2.0, strengthening food security, improving farmer incomes, reducing volatility in food prices and controlling inflation

Viksit Bharat 2047 achievable with focus on manufacturing: Deloitte

The target of India achieving the status of a developed nation, or Viksit Bharat by 2047, seems "achievable", consultancy firm Deloitte India said on Friday advocating for a sharp focus on manufacturing and services, and measures to rein in inflation. The Economic Survey 2024-25, tabled in Parliament on Friday, said India needs to grow by 8 per cent on an average for at least a decade to become a developed nation by 2047. "According to our calculation, we need 7 per cent growth at least to get to USD 30 trillion by 2047. That's a math we did assuming a 4 per cent inflation rate and about one and a half per cent depreciation. "I think the momentum that India needs is in the services sector and the manufacturing sector. Because that is where the growth potential lies. And not in just every sector, but in the high value added segments," said Rumki Majumdar, Economist, Deloitte India. In an interview with PTI, she said 8 per cent could be challenging for some years especially when the

AI, quantum computing, green tech must drive India's growth: CEEW chief

Asserting that climate change is no more just an environmental issue but a broader economic issue, CEEW chief Arunabha Ghosh has said that India must use the opportunities and challenges posed by new disruptors as levers for sustainable growth going forward. "Whether it is artificial intelligence, quantum computing, synthetic biology and green or clean tech, these are the new disruptors and we must in a way ride this tiger," Ghosh told PTI in an interview here during the World Economic Forum Annual Meeting that ended on Friday. Ghosh said the members of the WEF are now recognising climate risks and the broader environmental risks as one of the key business and economic risks. "Over the next ten years, five out ten risks identified are either related to climate change or biodiversity loss or extreme weather events. This demonstrates that climate change is not just an environmental agenda but a business and economy agenda," he said. What this means for the broader business agenda i

More women in medicine show our progress towards a developed society: Murmu

President Droupadi Murmu on Tuesday said the rising participation of women in the medical profession and their significant contributions demonstrate that India is becoming a truly developed society. Addressing the first convocation of AIIMS (All India Institute of Medical Sciences) at Mangalagiri near here, she said relentless promotion of holistic health and ensuring health for all should be the guiding principle of every medical professional of this institute. "The rising participation of women in the medical profession and their significant contributions demonstrate that we are becoming a truly developed society. This also highlighted the fact that given opportunity, our daughters excel in every field," the President said. The government has taken up several schemes, including Ayushman Bharat health insurance scheme and made treatment accessible for those facing difficulties in accessing treatment, she said. Along with the government, it is also the responsibility of a consciou

Rupee at 2-week high on improved risk appetite; forward premiums tick up

The dollar index declined on Tuesday and was last quoted at 105.6, while the Korean won and Indonesian rupiah rose by 0.4% each to lead the gains among the rupee's Asian peers

Despite grounds for optimism, India economy is yet to hit high-growth phase

India's macroeconomic stability is impressive compared to many of its peers

Election code impacts commercial vehicle sales in post-festival period

When asked about this, a company executive of a leading CV player said that the figures for only one month were down due to some stock correction happening at the retail end

BRICS biz forum gave chance to highlight India's growth trajectory: PM Modi

PM Modi in a special message at the BRICS Business Forum on Tuesday said mutual trust and transparency can help create a big impact, especially in the Global South

World MSME Day: All you need to know about sector fueling India's growth

India has more than 63 million micro, small and medium enterprises (MSME) that account for nearly 27% of GDP

Govt spending to drive India's growth in this fiscal, economists say: Poll

Weakness in consumption has shifted the onus onto the government to maintain strong economic growth by announcing record capital expenditure (capex) plans, given private investment has lagged

Top Headlines: Govt's dividend from PSBs, Meesho hints at IPO in '25 & more

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Goldman Sachs raises India's growth forecast this year by 30 bps

"In YoY terms, our Q2-Q4 CY23 GDP growth forecast is 6.5 per cent, 5.9 per cent, and 8.1 per cent, respectively"

Pent-up demand, infra spend drove growth amid global headwinds: FinMin

In its latest Monthly Economic Review, the Ministry said global economic developments remain complicated in November, and that fiscal and monetary policymakers need to remain vigilant

Infra lending gains traction, but may see gradual growth going forward

Lenders are waiting for clear demand patterns to emerge and policy stability, say analysts

India's growth prospects embedded in public capex programmes: Sitharaman

Finance Minister Nirmala Sitharaman on Friday said India's long-term growth prospects are embedded in public capital expenditure programmes. Sitharaman, while attending the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting hosted by Indonesia in Bali, also said evidence-based policy making is vital for resilient economic systems. The government has laid emphasis on capital expenditure to push economic growth hit by the pandemic. It is expected that the increase in public spending would crowd in private investment. Sitharaman raised capital expenditure (capex) by 35.4 per cent for the financial year 2022-23 to Rs 7.5 lakh crore to continue the public investment-led recovery of the pandemic-battered economy. The capex last year was Rs 5.5 lakh crore. "Reflecting on India's #growthstory, FM shared that India's long-term growth prospects are embedded in public #CapitalExpenditure programmes, & #EvidenceBased #PolicyMaking is vital for resilient economic systems," .

Shekhar Gupta: It's Modi vs economy

The struggling economy is Narendra Modi's biggest challenge. He could defy it and continue to rise spectacularly, or fix it miraculously and do even better

India's growth holds immense potential for global stakeholders: Sinha to UN

Counsellor in India's Permanent Mission to the UN Ashish Sinha said India improved its ranking by 23 positions in the World Bank's Ease of Doing Business rankings last year

Growth in India firming up, projected to accelerate further: World Bank

High oil prices and an uncertain global trade environment may pose challenges for the current account, reports World Bank

Deloitte optimistic on India's growth but cautions on inflation

Deloitte said the manufacturing sector remained robust, rising 8.6% on a three-month moving average in Feb, against 9.1% in Jan

India's companies aren't as optimistic as RBI on economic growth prospects

Companies were also less optimistic about the availability of finance for the first quarter of the fiscal year, the RBI survey showed