Page 3 - Indian Economic Growth

India to remain fastest-growing large economy in FY26, FY27: World Bank

The global economy is projected to expand by 2.7 per cent in both 2025 and 2026, the same pace as in 2024, as inflation and interest rates decline gradually

Indian economy likely to remain 'a little weaker' in 2025: IMF MD

The Indian economy is expected to be "a little weaker" in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade policy of the US. In her annual media roundtable with a group of reporters on Friday, she said global growth is expected to be steady in 2025, but with regional divergence. Georgieva said she expects the Indian economy to be a little weaker in 2025. However, she did not explain it any further. The World Economy Outlook update week will have more details about it. The US is doing quite a bit better than we expected before, the EU is somewhat stalling, (and) India a little weaker," she said. Brazil was facing somewhat higher inflation, she said. In China, the world's second-largest economy, the International Monetary Fund (IMF) was seeing deflationary pressure and ongoing challenges with domestic demand, she said. "Low-income countri

Climate change puts India's rice and wheat output at risk of 6-10% decline

Data from the National Innovations in Climate Resilient Agriculture predicts wheat yields may drop by 6-25% by the year 2100, while irrigated rice yields could fall by 7% by 2050 and 10% by 2080

RBI's new Guv initiates review of inflation, growth forecasting tools

Malhotra, who took charge last month, is asking the RBI's internal teams to include new datasets, analysis and projections in their inflation and growth forecasts

Consumer goods sector faces a muted quarter as urban demand stays sluggish

Despite these challenges, revenues for tracked companies are projected to grow 6 per cent year-on-year, primarily driven by price increases, while volume growth will stay in the low single digits

SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%

Despite projected growth rates of 6 per cent in first half of FY25, with a pickup to 7 per cent in the second half, SBI flags weak private investment as a concern to economic growth

Markets Today: FY25 GDP; Wall St. slips; Q3 results; Leo Dry Fruits listing

At 6:31 AM, GIFT Nifty futures indicated a subdued start, trading 72 points lower at 23,723, suggesting a negative opening for Indian bourses

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

Aiming to boost economic ties with US, engaging with Trump admin: Goyal

Bilateral trade between India and the United States, India's largest trading partner, exceeded $118 billion in 2023/24, with India registering a trade surplus of $32 billion

India eyes robust growth in 2025, tackling inflation and global headwinds

India will have to navigate geopolitical headwinds, tame domestic inflation and nudge the private sector to further loosen their purse strings as the world's fastest-growing major economy seeks more purple patches in 2025, leaving behind September quarter growth blues. Economists at the Reserve Bank of India (RBI) say that high-frequency indicators for the third quarter of 2024-25 indicate the economy is recovering, driven by strong festival activity and a sustained upswing in rural demand. In what has been described as a "temporary blip" by Union Finance Minister Nirmala Sitharaman, the country's economic growth slid to a seven-quarter low of 5.4 per cent in the July-September period after clipping a healthy rate of 7-8 per cent. With the growth versus inflation debate leaving the finance ministry and RBI on different pages, all eyes will also be on possible interest rate cuts in February when the central bank's monetary policy panel meets for the first time under the new Governor

Indian economy to grow at 6.5-6.8% in FY25 on high consumption: Deloitte

Indian economy is likely to grow at 6.5-6.8 per cent this fiscal and slightly higher between 6.7-7.3 per cent in FY2026, boosted by domestic consumption, Deloitte said on Sunday. Deloitte India Economist Rumki Majumdar said the growth in the first half of the fiscal year 2025 turned out to be slower than estimated as election uncertainties followed by disruptions in activity due to heavy rainfall and geopolitical events weighed on domestic demand and exports. However, India continues to show resilience in certain pockets that are worth noting -- be it in consumption trends, services growth, the rising share of high-value manufacturing in exports, or the capital market. The government's continued focus on infrastructure development, digitisation, and attracting FDI will be the additional growth booster, enhancing overall efficiency. "We remain cautiously optimistic and expect the growth rate to remain between 6.5 and 6.8 per cent this fiscal year and slightly higher between 6.7 and

Manmohan Singh: Portrait of a technocrat as a practitioner of politics

Manmohan Singh, a pioneering economic administrator and India's fourth-longest-serving PM, leaves behind a legacy of economic reforms, policy pragmatism, and unwavering dedication to public service

Exporters ask for Rs 750 cr to target US market amid China's tariff woes

The demand has come at a time when there is an expected policy shift in the US by President-elect Donald Trump, who wants to impose higher tariffs on Chinese goods

Economy ends 2024 strong as business growth reaches 4-month high, shows PMI

Asia's third-largest economy grew a softer 5.4 per cent last quarter, but easing inflation is expected to spur demand among private sector firms

E-commerce: A sunrise sector, purveyor of India's economic growth

In a recent report, Deloitte projected India's e-commerce CAGR to be 21 per cent, expected to reach $325 billion by 2030

India set to become $30 trillion-economy by 2047: Dharmendra Pradhan

Union Education Minister Dharmendra Pradhan has asserted that India will become a USD 30 trillion-economy by 2047. Delivering a lecture at the concluding function of XLRI-School of Management's year-long platinum jubilee celebration here on Saturday, Pradhan said that India, the fastest-growing global economy, is currently in the fifth position and will bag the third spot in the next three years. "The world didn't even count India on the economic front when XLRI came into being 75 years ago. Today, we are the fastest-growing economy and fifth-largest economy in the world, with a size of US 3 trillion. We will be the third-largest economy in the next three years at USD 5 trillion. Our economy will grow to USD 30 trillion by 2047," he said. "We have to be wealth creators, job creators. We have the potential to create millions of jobs. The world is looking at India for digital public infrastructure... 46 per cent of digital transactions in the world take place in our country. We have .

India's inclusive growth lauded by international community: K Subramanian

The world is bullish on India, the country's top economist, currently executive director of the International Monetary Fund has said, noting that India's public digital infrastructure and inclusive growth is not only being talked about but also applauded by the international community. I think the Indian economy has been growing overall very well. Post-COVID, the growth rate has consistently been seven per cent. Of course, there's been a little bit of a dip this quarter. Partly it is because of the slowdown in capital expenditures. That itself is because of some of the election cycles. Also, there's been some impact on exports. But I expect this dip to be temporary, Krishnamurthy V Subramanian, Executive Director at IMF. From the vantage point that I've been sitting on the IMF board, I have no hesitation in saying the world is bullish on India. The kind of public digital infrastructure that India has enacted, is something that almost every of my board colleagues often finds a mention

Impacting growth, liquidity management: Shifting sands of fiscal policy

There is a very high chance that the actual fiscal deficit target will undershoot even 4.9 per cent of GDP as there was a decline in government expenditure during the general elections

Congress cites inflation data, claims India is in worst economic crisis

Asserting that India is in its "most precarious and difficult" economic situation in many years, the Congress on Wednesday said wage stagnation, inflation and inequality are undermining consumption growth in the country. These chokepoints will strangulate growth in the years to come if not taken seriously now, Congress general secretary in-charge communications Jairam Ramesh said in a statement. He said that for the past three decades, the India growth story was one of consumption growth the story of crores of families escaping poverty and entering the middle class, newly able to afford products and acquire assets. It was the sign of a thriving economy, one that was growing rapidly and distributing its gains widely, the Congress leader said. In the last 10 years, India's consumption story has now gone in reverse swing and emerged as the biggest pain point for the Indian economy. India Inc. has now joined the chorus, with a leading CEO even going so far as to say that the middle cl

This is right time to join India's growth story, PM tells German biz forum

Inviting German businesses to invest in the country, Prime Minister Narendra Modi on Friday said there is no better place for investment than India and this is the right time to join the country's growth story. Addressing the 18th Asia-Pacific Conference of German Business 2024 here, the prime minister emphasised that the time was 'right' for foreign investors to participate in India's growth story, join 'make in India' initiative and 'make for the world'. He also said the confidence that Germany has expressed in India's skilled manpower is amazing as the European nation has decided to increase visas for the skilled Indian workforce from 20,000 to 90,000. "This is the right time to join India's growth story... India becoming a global trade and manufacturing hub," Modi said, adding, today India stands on strong pillars of democracy, demography, demand and data. He further said that India is doing record investments in roads and ports and the Indo-Pacific region is very important for