Indian Economy

India's GDP expected to grow between 6.8-7.2% in FY27: EY Economy Watch

India's GDP could grow between 6.8-7.2 per cent in the next fiscal, EY Economy Watch report said on Thursday. It suggested that to attain the Viksit Bharat goal by 2047, India may have to increase its tax-GDP ratio largely by improvement of tax compliance as major tax reforms have already taken place. "In the background of India's extensive bilateral trade agreements with other major economies or economic groups, India's medium-term prospects have brightened up. We estimate India's real GDP growth to be in the range of 6.8-7.2 per cent in FY27," EY India Chief Policy Advisor D K Srivastava said. The EY Economy Watch report said that major tax reforms were undertaken in the current fiscal, in particular relating to personal income tax (PIT) and the GST. Both these reforms involved a considerable amount of revenue forgone aimed at increasing household disposable incomes so that private consumption demand could be supported. "These tax reforms involved considerable sacrifice of GoI's

As 16th FC boosts southern share, delimitation may face fewer hurdles

More than three weeks after the 16th FC's recommendations became public, the southern states are no longer complaining about an unfair deal in the way central taxes are distributed among them

StatsGuru: Productivity gap continues to hinder India's MSME growth

MSMEs accounted for 48.58 per cent of India's merchandise exports in FY25

India's new GDP series likely to see overhaul of inflation metrics

India's revised GDP series will introduce major changes in inflation adjustment for consumption, investment and trade, shifting toward granular deflators and global SNA standards to reduce volatility

Private sector growth hits three-month high in Feb as new orders pick up

Companies recruit additional staff and scale up output as sales improve

Partnered prosperity in a Globalist Gambit: Mapping India's trade ascent

The past months have witnessed trade deals with economic giants augmenting investor-friendly confidence in India's global trade agenda

As Budget renews push for social sectors, gap in implementation persists

Spending on health and education as percentage of GDP is modest and below policy targets

New CPI series will have less instability structurally, says Pronab Sen

Former chief statistician says the revised cpi was overdue, supports excluding free pds items and sees little immediate impact on rbi policy decisions

2024 CPI series rebasing halves index value; inflation rate unchanged

Shift to CPI 2024 base sharply lowers headline index levels in back series, but inflation rate remains identical across rural and urban segments

How India can reframe global economic cooperation in a multipolar world

India seeks to convene, align and anchor a shifting global order by building platforms where governments, capital and enterprise forge the partnerships shaping future prosperity

US drops pulses, digital services tax from fact sheet on India trade deal

The US has revised its interim trade deal fact sheet with India, removing pulses from tariff talks and softening language on India's $500 billion purchase plans, even as negotiations continue

Exports can be a powerful driver of investment and economic growth

Private investment has been constrained by several factors over the years

Moody's sees India's GDP growing 6.4% in FY27, fastest among G20 nations

Moody's Ratings on Monday projected India's GDP to grow at 6.4 per cent in the next fiscal, the fastest pace among G-20 economies, driven by strong domestic consumption, policy measures, and a stable banking system. In its banking system outlook report, Moody's said their asset quality will remain resilient, with some stress among micro, small and medium enterprises (MSMEs). Regardless, banks have sufficient reserves to absorb loan losses, it said. The operating environment for banks will remain strong in 2026, supported by robust macroeconomic conditions and structural reforms, it said. "We forecast India's real GDP will grow 6.4 per cent for fiscal 2026-27, the fastest pace among G-20 economies, driven by strong domestic consumption and policy measures. "The rationalization of the goods and services tax (GST) in September 2025 and an earlier increase in personal income tax thresholds will help improve affordability for consumers and support consumption-led growth," Moody's said.

India's growth story is a multi-decade opportunity: BlackRock's Larry Fink

BlackRock chief Larry Fink said India could emerge as one of the world's defining growth engines over the next two decades, driven by policy stability, infrastructure push and rising confidence

Breaking the glass wall: Why the India-US trade deal works for India

The India-US trade agreement should be seen as a win for consumers and producers, with debates on protectionism and strategic autonomy often missing the economic trade-offs involved

Services PMI rebounds to 58.5 in Jan amid higher output, hiring

Growth in India's services sector accelerated in January as output, new orders and hiring picked up, though the PMI reading remained below the flash estimate, S&P Global data showed

US trade deal could push India's growth above forecast: CEA Nageswaran

Nageswaran's bullishness was echoed by Indian markets, with the rupee posting its biggest gain in more than three years and stocks jumping the most since 2021 on Tuesday

Budget 2026: Industrial policy takes centre stage, deeper fixes pending

And bigger problems await from policy bottlenecks that the Budget has left untouched

Budget 2026: A status quo Budget with limited appeal for global investors

Markets disappointed as Budget 2026 sticks to fiscal discipline but offers no big ideas to revive investor confidence or attract fresh foreign capital

Budget 2026-27 Highlights: FM Sitharaman boosts manufacturing across sectors

Budget 2026-27 Highlights: Finance Minister Nirmala Sitharaman presented her ninth straight Union Budget in the Lok Sabha on Sunday. Catch updates here