Indian Economic Growth

India could grow at 6.5% in FY26, aided by falling crude prices: EY

Indian economy could grow at 6.5 per cent in the current fiscal as lower prices of crude oil are expected to ease inflationary pressure and support domestic growth, despite intensifying global trade tensions, EY said on Friday. The 'EY Economy Watch' report for April identifies four key interlinked effects which would have a bearing on India's growth reduced exports, global slowdown, falling crude oil prices, and the impact of global excess production capacities. "With suitable fiscal and monetary policies, India may be able to sustain a real GDP growth at about 6.5 per cent in FY26 as also in the medium term, while maintaining a CPI inflation below 4 per cent. "We also expect global crude prices to remain in the range of USD 60-65/bbl in FY26, which may be to India's advantage," EY India Chief Policy Advisor D K Srivastava said. It said exports may slow due to higher tariffs and weakening global demand, but the overall GDP impact may be limited, given the subdued role of net expo

Trump tariff impact: Brace for exchange rate wars too, says Madan Sabnavis

At the global level, slower trade will also mean slower growth, especially for export-oriented economies, Sabnavis said. Back home, he feels that the MSMEs will be under pressure again

S&P cuts India's FY26 GDP growth forecast to 6.5% amid global strains

S&P Global Ratings on Tuesday cut India's GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P said despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies. "India's GDP will grow 6.5 per cent in the fiscal year ending March 31, 2026, we expect. Our forecast is the same as the outcome for the previous fiscal year, but less than our earlier forecast of 6.7 per cent," S&P said. The forecast assumes that the upcoming monsoon season will be normal and that commodity- especially crude-- prices will be soft. Cooling food inflation, the tax benefits announced in the country's budget for the fiscal year ending March 2026, and lower borrowing costs will support discretionary consumption in India, S&P said. The global credit rating agency ...

Govt approves revised Rashtriya Gokul Mission with Rs 3,400 cr allocation

The revised RGM has been approved for the 15th Finance Commission cycle, with increased funds for the financial years 2025 and 2026

Believe in 'Make in India', it is giving good results: FM to Opposition in RS

FM Nirmala Sitharaman said that production-linked incentive schemes attracted investments worth Rs 1.5 trillion so far, created 950,000 jobs

India's economic growth to exceed 6.5% in FY26, says Moody's Ratings

Moody's Ratings on Wednesday said India's economic growth will exceed 6.5 per cent in the next fiscal, up from 6.3 per cent this year, on higher government capex and consumption boost from tax cuts and interest rate reduction. Projecting a stable outlook for the banking sector, Moody's said although the operating environment of Indian banks will remain favourable in the next fiscal, their asset quality will deteriorate moderately after substantial improvements in recent years, with some stress in unsecured retail loans, microfinance loans and small business loans. Banks' profitability will remain adequate as declines in net interest margins (NIMs) are likely to be marginal amid modest rate cuts, it said. Moody's said that following a temporary slowdown in mid-2024, India's economic growth is expected to reaccelerate and record one of the fastest rates among large economies globally. "Government capital expenditure, tax cuts for middle-class income groups to boost consumption and ..

Few rice shipments to EU detected with Aflatoxin: Minister informs parl

India's rice exports to the EU have grown by 111 per cent between 2019 and 2023

India pegged as top source market for London's ambitious new 'Growth Plan'

The UK's capital city has unveiled an ambitious new Growth Plan' to provide an estimated GBP 27 billion extra tax revenue to fund vital public services in London and across the country, with India pegged as its number one source market in terms of foreign direct investment (FDI). The plan, unveiled recently by Mayor of London Sadiq Khan along with growth agency London & Partners, aims to restore productivity growth to an average of 2 per cent a year in the next decade, which is hoped would make London's economy GBP 107 billion larger by 2035. India has been on a growth curve for the last three years, overtaking the US as London's single-largest FDI source market in 2022-23 and continuing through 2023-24. Foreign direct investment from India has been the fastest growing and has been our number one market for the last two years, said Laura Citron, CEO of London & Partners. So, it's Indian tech companies setting up operations in London. Equally, if we look at it as a student ...

Markets Today: February Mfg PMI, Q3 GDP, FIIs, Trump tariffs, Beezaasan IPO

As of 6:40 AM, GIFT Nifty Futures were up 79 points at 22,359, hinting at a higher start

Indians must work hard to achieve a $30 trn economy by 2047: Amitabh Kant

Indians must work hard to achieve the ambitious target of making India a USD 30 trillion economy by 2047, former Niti Aayog CEO Amitabh Kant has said. Joining the ongoing debate on working hours, India's G20 Sherpa said Japan, South Korea and China have achieved economic success through a strong work ethic and suggested that India must cultivate a similar mindset to build a world-class economy. "I strongly believe in hard work. Indians must work hard, whether it's 80 hours or 90 hours a week. If your ambition is to move from a USD 4 trillion to a USD 30 trillion economy, you can't do it through entertainment or by following the views of some film stars," he said while speaking at Business Standard's Manthan summit. Currently, the size of the Indian economy is around USD 4 trillion. "We have made it fashionable to talk about not working hard. Why? India must work hard to deliver projects ahead of time, with world-class excellence, without time and cost overruns," he added. Respondi

Bharat is the fastest-growing global economy in last decade: VP Dhankhar

Vice President Jagdeep Dhankhar on Sunday said the country has seen exponential economic upsurge in the last decade and has become the fastest growing global economy during this period. The Vice President made the statement while delivering the 4th P Parameswaran Memorial Lecture organised here by the Bharatheeya Vichara Kendra. P Parameswaran was one of the senior-most 'pracharaks' of the Rashtriya Swayamsevak Sangh (RSS) and a former leader of the erstwhile Bharatiya Jana Sangh. Dhankhar said that in 1989 when he was an MP and in 1991 when he was a Union Minister, the "atmosphere did not inspire us". "Now our Bharat is brimming with positivity and possibility. It is full of hope and aspirations. All around and all pervasive, we can see an ecosystem of hope and possibility. In the last decade, Bharat has seen an exponential economic upsurge," he said. He further said that the country was the fifth largest global economy and was "on its way to becoming a USD 4 trillion economy ver

Centre working in tandem with states for economic growth: Piyush Goyal

The Centre is working in tandem with all states to make India a USD 30-35 trillion economy by 2047, Union minister Piyush Goyal said on Friday, as he highlighted the investment opportunities in the country. The Commerce and Industry Minister, speaking at the Invest Kerala Global Summit (IKGS) here, sought to woo investors and will soon start talks with Bahrain for a Free Trade Agreement (FTA). There are "unmatched opportunities for growth, development and economic opportunities" in the country, Goyal said. "We are working in tandem with all states," on taking the country's economy to USD 30-35 trillion by 2047 from the current USD 4 trillion, the minister emphasised. There are differences between the BJP-led Centre and the Kerala government, which is headed by the Left Democratic Front (LDF) on various issues. Against this backdrop, Goyal said he is here to show solidarity with Kerala and also mentioned about various strides made by the state in different sectors. He urged invest

Confident of Indian economy thriving in coming decades: Qatar's Amir

Highlighting the importance of renewable energy cooperation, the Amir underscored its role in shaping future strategies between the two nations

India set to become third-largest economy in world by 2029: Haryana CM

He said that the budget presented by the Central Government will play a crucial role in empowering the four pillars of a developed India: the poor, youth, farmers and women

Modi govt's growth track record, reforms grab global attention: Joshi

Union minister Pralhad Joshi on Wednesday said Prime Minister Narendra Modi-led government's track record of growth and structural reforms over the last 10 years have attracted international attention. The Union Budget, presented on February 1, has been prepared keeping in mind the vision of a developed India by 2047 and it will prove to be the roadmap to achieving this goal, he said. The Union Consumer Affairs, Food and Public Distribution minister was addressing a press conference on the budget in Chhattisgarh's capital Raipur. We are the fifth largest economy in the world and very soon we will reach the third position. The track record of development and structural reforms of the Modi government in the last 10 years have attracted international attention, he said. Development measures have been taken in various sectors focusing on youth, farmers, the poor and women, he said. Empowerment of the middle class and working class has begun. The middle class provides strength in ...

RBI's growth, inflation projection offers comfort to markets and investors

State of government finances, concessions offered to tax-payers, and the commitment to progress on the fiscal glide path is eminently complemented by the monetary measures makes this policy different

Repo rate cut sends 'strong' signal to markets on low borrowing costs ahead

Given the current economic landscape, moderating inflation, and sluggish growth, another 25-50 bps rate cut within this calendar year remains a strong possibility

Five things stand out in Budget 2025 as it works on fiscal consolidation

As Finance Minister Sitharaman has mentioned that the revenue foregone would be Rs 1 trillion, one can assume that it would lead to Rs 70,000 crore of consumption

India considering lowering tariffs on some high-end products from US

The potential tariff cuts come just a day after US President Donald Trump criticised India, China, and Brazil for imposing high tariffs

India's digital economy set to overtake agriculture, mfg by 2030: MeitY

India's digital economy is expected to grow almost twice as fast as the overall economy, contributing to nearly one-fifth of national income by 2030, according to a MeitY report