Page 11 - Indian Economy

Private sector capex led the way in H1FY26 with manufacturing boost

Private investment projects constitute well over 70 per cent of the nearly ₹34 trillion of fresh investments announced in H1 this year

India needs to make a big oil and gas discovery soon: Oil Secy Pankaj Jain

Oil Secretary Pankaj Jain says India's credibility is at stake if it fails to find a major oil and gas reserve soon, urging faster, technology-driven exploration efforts

IMF projects Indian economy to grow at 6.6% in 2025-26, outpacing China

The IMF released its revised projections following the effects of US tariffs across various economies and the subsequent deals made between countries amid growing uncertainty

Russia share in India's fertiliser imports rose to 27% in 2023-24

Russia's share in India's total fertiliser imports has grown from 7.68 per cent in 2017-18 to almost 27 per cent in 2023-24

MP, Andhra Pradesh show how states can grow by leveraging farm strengths

AP's success story is rooted in its transformation into a globally competitive hub for fisheries, particularly the frozen shrimp industry

India-US trade deal: Talks are 'progressing' well, says Piyush Goyal

Last week, a team of officials from the Department of Commerce, including Commerce Secretary Rajesh Agrawal, was in Washington, to reach an early conclusion of the proposed trade agreement

India's economy expected to grow at 6.7-6.9% in FY26 amid reforms: Deloitte

Deloitte India on Thursday projected India's economy to grow 6.7-6.9 per cent in the current fiscal amid buoyant demand and policy reforms. Indian economy grew 7.8 per cent in the April-June quarter of current fiscal. Deloitte India's 'India Economic Outlook' report forecasts a GDP growth between 6.7 and 6.9 per cent, averaging 6.8 per cent this fiscal year, up by 0.3 percentage points from Deloitte's previous forecast. This performance signals not just resilience but a renewed sense of India emerging stronger than most nations. Similar growth rates are expected in the subsequent year, but the range of variation remains broader due to uncertainties associated with trade and investment. The GDP growth forecast is in lines with the RBI which projected FY26 economic growth at 6.8 per cent. Growth is likely to be supported by buoyant domestic demand, accommodative monetary policy, and structural reforms, such as GST 2.0. Low inflation will contribute to spending as purchasing power ..

Active EM funds on track for best run since 2017, India lags peers

South Korea and China drive emerging market fund gains, while India's weak equity performance weighs on returns; analysts say re-rating could be near

Corporate profits up nearly threefold since pandemic: RBI's bulletin

RBI research finds corporate profits nearly tripled in four years, aided by pent-up demand, manufacturing resilience, and deleveraged balance sheets

RBI sold $7.6 bn in August amid rupee pressure; Reer falls to 97.6

The central bank remained a net dollar seller for the fourth straight month as the rupee weakened; REER slipped further, signalling lower currency competitiveness

Viksit Bharat through 'useful knowledge': Building a culture that values it

Can India learn from the framework of economic progress as described by Mr Mokyr? India's policymakers have no shortage of economic blueprints

Future trajectory: Policy rate cut uncertain despite cooling inflation

The decision at the December MPC meeting will depend on a range of factors, and the incoming data until then will be crucial in shaping the consensus view

Andhra's $15 bn Google deal sparks competition among southern states

Last Wednesday, the Andhra Pradesh government announced that it had approved two major investments by the Raymond group, worth ₹940 crore, in aerospace and automotive manufacturing

India-focused funds: Redemptions since July at $3 bn; $328 mn this week

India-focused funds saw $382 million in outflows this week, even as global investors shifted towards China and gold, Elara Capital reported

India now unstoppable, does not remain silent after terror attacks: PM Modi

Prime Minister Narendra Modi on Friday asserted that India now does not remain silent after terror attacks but hits back using surgical and air strikes. Addressing the NDTV World Summit here, he said there are several roadblocks and speed breakers but India remains "unstoppable". "India no more remains silent after terror attacks but gives befitting reply through air strikes, surgical strikes and Operation Sindoor," he said. "When wars became headlines globally, India proved naysayers wrong by continuing to march ahead as fastest growing economy," added Modi. Noting that India is not in a "mood to stop", he said as the world today faces various roadblocks and speed breakers, it is only natural to talk about an unstoppable India. "We will neither pause nor slow down. 140 crore Indians will move forward together with full momentum. "Today, India has moved from being among the fragile five to becoming one of the world's top five economies...from chips to ships, India is self-reliant

World Bank-funded Haldia multimodal terminal gets private operator

Built by IWAI with financial and technical assistance from the World Bank, the Haldia MMT in West Bengal has a capacity of 3.08 million metric tonnes per annum (MMTPA)

Five states plan to borrow ₹17K cr via state development loans next week

The state bond auction will be held on Monday due to market holidays on Tuesday and Wednesday. Meanwhile, T-bill auctions are slated for Thursday, and there will be no G-sec auction on Friday

India's foreign exchange reserves decrease by $2.1 bn to $697.7 bn

The reserves had hit a record high of $705 billion in September 2024

India must fire on all cylinders to reach Viksit Bharat goal: IMF

Krishna Srinivasan urges structural reforms, trade liberalisation, and deeper global integration

Uttar Pradesh govt pitching for investments in textile, auto sectors

Other sectors the government is working on include electric mobility, chemicals, electronics, services, for which it is eyeing big private investments