Indian Economic Growth

Today's resilience may not imply tomorrow's immunity: RBI Governor Malhotra

Sanjay Malhotra said future crises could emerge from geopolitics, cyberattacks or technology failures, requiring resilience across banks, markets and financial infrastructure

Sanctions, tariffs sometimes weaponised as policy tools: PK Mishra

Principal Secretary to the prime minister, P K Mishra, on Saturday said export restrictions, sanctions and tariffs become instruments of economic policy and they are sometimes even weaponised. The top government functionary also said that wars disrupt energy and food markets while shipping routes and geographical choke points become sources of economic vulnerability. Addressing the Kautilya Economic Conclave on the subject 'A World Priced for Risk', he said India is a major energy importer, and any prolonged disruption to an important maritime route can affect the economy adversely. India's response, therefore, has combined several layers of protection. "For energy security, the disruption around the Strait of Hormuz has been a particularly clear reminder of how geography can translate into economic risk," he said. Without mentioning any country, the top official said export restrictions, sanctions and tariffs become instruments of economic policy, sometimes they are even ...

Financial sector has reinforced growth momentum: SBI Chairman C S Setty

SBI Chairman C S Setty says stronger bank profitability, credit demand and asset quality give the sector greater capacity to support investment and India's next stage of growth

India's economic growth brings confidence, new opportunities to world: Modi

India and Belgium on Thursday agreed to significantly expand their cooperation in trade, defence, critical minerals, clean energy and technologies following Prime Minister Narendra Modi's wide-ranging talks with his Belgian counterpart Bart De Wever. In his media statement, Modi highlighted India recording a 7.8 per cent growth rate in the last quarter and said the country's economic rise was a source of confidence and new opportunities for the world. The Belgian prime minister described the conclusion of the India-European Union free trade pact as a major milestone, and said New Delhi and Brussels are building a relationship that is broad and more strategic than ever before. "Today, the world is passing through a phase of great upheaval. In many parts of the world, situations of conflict persist. Food, fuel or supply chains- uncertainty is affecting every sector," Modi said. "Even in this challenging environment, India's economy has maintained its momentum. In the last quarter, we

Manufacturing PMI slips to 52.8 in August, weakest expansion in five years

India's manufacturing sector expanded at its weakest pace in five years in August as output and new orders slowed, while employment fell for the first time in two-and-a-half years

Bombay Club fears were misplaced; family biz raked it in after reforms

Family-owned companies accounted for 72 per cent of the combined revenues of listed firms in FY26, up from 50 per cent in FY01

RBI turns upbeat as worst of West Asia war shock recedes, demand holds up

Five months after the Iran war stoked fears of an oil-driven inflation surge and economic slowdown, resilient demand and easing price pressures are giving RBI officials more confidence

The missing human growth factor: Bridging India's human-capital deficit

Human capital - not geography, culture or natural resources - now explains why some nations become wealthy while others remain stagnant

ADB cuts India's FY27 growth forecast to 6.6% on higher oil prices

ADB attributed the downgrade to elevated energy prices, which it said are eroding household purchasing power and weighing on private demand

Manufacturing PMI hits 3-month high of 55.0 in May on resilient demand

Input cost inflation remained among the strongest seen in the past four years, driven by higher energy, fuel, material, and transportation costs amid the ongoing conflict in West Asia

RBI to estimate natural real rate of interest, potential GDP growth in FY27

RBI plans to estimate India's natural real interest rate and potential GDP growth in FY27 to strengthen macroeconomic forecasting and policy analysis

Moody's slashes 2026 India growth forecast to 6% amid high energy costs

Moody's Ratings on Tuesday slashed India's GDP growth forecast for year 2026 by 0.8 percentage points to 6 per cent on subdued private consumption, capital formation, and industrial activity amid higher energy costs. In its Global Macro Outlook May update, Moody's said over the next six months, the impact from higher energy prices and fuel and fertilizer-related shortages will vary widely across countries, reflecting differences in exposure and resilience. "The global outlook remains highly uncertain amid an increasingly prolonged confrontation and fragile ceasefire between the US and Iran, We estimate growth losses ranging from around 0.8 ppt for India," Moody's said. For calendar year 2027, Moody's slashed GDP growth estimates by 0.5 percentage points to 6 per cent for India, reflecting lingering headwinds that gradually fade as shipping flows stabilise and energy supplies improve, allowing underlying economic activity to recover. Moody's said India is "particularly vulnerable" t

India's growth to slow to 6.7% on waning momentum, oil price shock: BMI

India's economic growth is likely to decelerate to 6.7 per cent in the current fiscal, from 7.7 per cent in 2025-26, with the GDP expansion expected to slow significantly due to waning momentum and oil price shock from Iran war, BMI said on Monday. BMI, a Fitch Group firm, also said that the prospect of the Iran-US conflict escalating in scope presents downside risk to its growth outlook and India must balance spending needs on defence and fuel price stabilisation against fiscal consolidation agenda. The tax reforms in GST and income tax carried out in 2025 will partly offset effects of cost-push inflation, BMI said, adding looser monetary policy will support capital spending, as increased uncertainty amid the war and higher input prices hurt investment. BMI estimates that India's economy grew 8 per cent y-o-y in the January-March quarter of 2026, faster than its original 7.8 per cent projection. It has revised its growth forecast for 2025-26 upwards by 0.1 percentage points to 7.7

Reforms in India: From ease of doing business to ease of trusting systems

Trust is no longer just a matter of perception; it is a hard economic and governance variable

India turns crises into opportunity, emerges stronger: Shaktikanta Das

India has consistently shown remarkable resilience during global crises, not only surviving them but also transforming through the turbulence to emerge stronger, said Shaktikanta Das, Principal Secretary to the Prime Minister, on Thursday. Addressing the AIMA National Leadership Conclave here, Das said, "Through each crisis, India has not merely survived. It has in fact emerged remarkably and measurably stronger". He noted that the global economy continues to face an "unsettled and charged environment" marked by geopolitical fragmentation, supply chain disruptions and uneven growth, with risks "decisively skewed to the downside". Against this backdrop, the former RBI governor highlighted India's strong economic performance, stating that real GDP growth stood at 7.6 per cent in FY26, with an average growth of 7.8 per cent over the past five years. "India's resilience does not alone explain the full story. India did not just endure the period of turbulence. It transformed through it,

India Flash PMI slips to 56.5 in March, weakest expansion since 2022

India's private sector growth slows to its weakest pace since late 2022 as soft domestic demand and rising costs weigh, even as export orders hit a record high

Disruptions from West Asia war threaten to derail India's growth momentum

Generations of Indian workers and businesses have turned the Arab side of the Gulf into a vital appendage of their own country

India growth forecasts cut, inflation risks rise as Iran war drags on

Economists expect slower growth due to reliance on imported oil, with Goldman cutting its 2026 forecast to 6.5%, while IndusInd warns of a 30-basis-point hit and risks from weak consumption

India's growth may outpace current estimates after GDP data overhaul

Earlier this month, the government revised its inflation series to better capture shifting spending patterns in the world's fastest-growing major economy

Political polarisation worrying investors: Nobel laureate Abhijit Banerjee

Nobel laureate economist Abhijit Banerjee has warned that political polarisation in India is eroding transparency and making the country a "mystery" for global investors, even as the growth numbers remained robust. In an interview with PTI, Banerjee said from an economic standpoint, the most critical issues confronting the country today were media freedom and transparency, arguing that investors ultimately cared about data credibility rather than political rhetoric. "I think India is going through a politically polarised phase in the sense that there are many conflicts that have existed for a long time, and we have to decide, as a nation, to what extent we want to be seen as open and reliable. I think the real issues have to do with media freedom," he said. "The most important issues are media freedom and transparency. Do we really know what the numbers are? That's what investors care about," Banerjee said. While India has continued to attract foreign investment, he described the .