Page 2 - Indian Economy

CII urges govt to set up finance institution, fund to promote green economy

Industry body CII has urged the government to set up a dedicated finance institution and tech expo fund to support initiatives related to promoting the green economy, as there are significant gaps in long-term and low-cost capital availability in the country. As India moves closer to its goal of becoming a USD 5 trillion economy, advancing a green economy is no longer a choice but a strategic necessity, it said. In its pre-Budget suggestions, the chamber has suggested establishing a dedicated Green Finance Institution (GFI) to mobilise large-scale, low-cost capital for India's green transition across renewable energy, clean mobility, green buildings, and industrial decarbonisation. "The institution could be domiciled in the GIFT City (in Gujarat) to leverage regulatory flexibility and attract foreign capital. It could offer concessional loans, equity support, credit guarantees, and securitization of small-scale green assets to reduce project financing costs," it said in a ...

Jairam Ramesh calls India's 8.2% GDP growth 'ironic' after IMF criticism

Earlier on Friday, as per the NSO data, India's real GDP was estimated to have grown by 8.2 per cent in the July-September quarter of the current financial year 2025-26

Datanomics: Rupee drag may delay India overtaking Japan's economy

India posted strong 8.2% real GDP growth in Q2 FY26, but rupee depreciation trimmed its dollar GDP, keeping Japan narrowly ahead in the April-September comparison

India's forex reserves fall by $4.47 billion as gold reserves decrease

RBI data shows declines in gold and foreign currency assets, pulling reserves down to $688 billion

Manufacturing muscle lifts Q2 GDP growth to 6-quarter high of 8.2%

FY26 estimates to be revised upwards after faster-than-expected expansion

India set for over 7% GDP growth in FY26, to cross $4 trn mark: CEA

Chief Economic Adviser V Anantha Nageswaran said India's growth outlook remains strong, with Q2 momentum boosting expectations that GDP will exceed 7 per cent and cross $4 trillion this fiscal year

Telangana outlines $3 trillion vision for 2047 with focus on human capital

Telangana has set a bold target to become a $3 trillion economy by 2047, with its new vision document centred on human capital, productivity and investment

Mines ministry notifies new royalty rates for 4 critical minerals

The Union Cabinet earlier this month approved rate rationalisation for the four minerals to boost domestic production and facilitate their auctions

India to lead emerging market growth with 7% GDP rise in 2025: Moody's

Moody's Ratings on Friday said with a 7 per cent GDP expansion in 2025 and 6.4 per cent in the next year, India will lead growth among emerging markets and across the Asia Pacific region. Moody's also said that India's domestic growth drivers underpin its economic resilience amid global uncertainty. Although the Indian rupee has continued to weaken against the dollar, most rated companies have active currency risk management or strong financial buffers, while investment-grade entities have demonstrated access to international capital markets. "India will lead growth among emerging markets and across the region, with GDP growing 7 per cent in 2025 and 6.4 per cent in 2026," Moody's Ratings said. Its projected average GDP growth in APAC (Asia-Pacific) will remain steady at 3.4 per cent in 2026 compared with 3.3 per cent in 2024 and expected growth of 3.6 per cent in 2025. On a weighted average basis, emerging markets will drive GDP growth in the region, with average growth of 5.6 p

India's economic growth, financial markets muddied by US trade deal woes

President Donald Trump's punitive 50 per cent tariffs, the highest among most major economies, have weighed on sentiment as exporters see orders from the US dry up

India's Q2 GDP growth likely stayed firm on strong domestic demand

Gross domestic product is expected to have grown 7.3 per cent in July-September from a year earlier, down from 7.8 per cent in the prior quarter

State capital expenditure at 33.5% of FY26 target, shows CAG data

CAG data shows Haryana, Telangana utilised the highest proportion of BE among 19 states

Policy framework: Sustained improvement will boost economic confidence

In the context of fiscal management, the IMF noted that with a revision in the gross domestic product base in 2026, India should revisit debt targets to make them more ambitious

GST rate cuts boost consumption, India set for steady growth: FinMin report

The GST rate rationalisation gave a "measurable" boost to consumption, and the Indian economy is on a stable footing to navigate risks and maintain growth momentum through the current fiscal, a finance ministry report said on Thursday. The Finance Ministry's Monthly Economic Review for October said that with inflationary pressures easing and recent tax reforms boosting household disposable incomes, the near-term consumption outlook appears increasingly positive. Retail inflation has reached an all-time low in the current series, dropping to 0.25 per cent in October 2025, down from 1.44 per cent in September 2025. The decline can largely be attributed to the complete impact of reduced GST rates, a favourable base effect, and significant falls in food inflation, the ministry said. "The rationalisation of GST rates has provided a measurable boost to consumption, as reflected in the strengthening of high-frequency indicators, including higher e-way bill generation, record festive-seaso

Review medium-term debt target, make it more ambitious: IMF to Centre

In its Article 4 review, the Fund called for broader debt anchors, stronger state-level reforms and careful monitoring of tax cuts as India continues fiscal consolidation

Indian economy to grow at 6.6% in FY26, GST reform to ease tariff pain: IMF

India's economy is estimated to grow at 6.6 per cent in 2025-26, the International Monetary Fund said, noting that the Goods and Services Tax reforms are likely to help cushion the country from the adverse impact of the 50 per cent tariffs imposed by the US. "India's economy has continued to perform well. Following the economic growth of 6.5 per cent in fiscal year 2024/25, real GDP expanded by 7.8 per cent in the first quarter of fiscal year 2025/26," the IMF said in a statement after its Executive Board completed an annual assessment for India. The International Monetary Fund (IMF) said that looking ahead, India's ambition to become an advanced economy can be supported by advancing comprehensive structural reforms that enable higher potential growth. Despite external headwinds, growth is expected to remain robust, supported by favourable domestic conditions, it added. "Under the baseline assumption of prolonged 50 per cent US tariffs, real GDP is projected to grow at 6.6 per cent

India on track to surpass $4 trn GDP in FY26: CEA Anantha Nageswaran

Nageswaran noted that the country should register growth and progress with the environment taken into account

Indian economy to surpass $4 trillion in FY26, says CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran on Tuesday said the size of Indian economy is expected to cross USD 4 trillion in current fiscal. He said with the geopolitics in a "huge state of flux", economic growth is very vital prerequisite to maintain India's standing and leverage in the global scheme of things. India currently is the fifth largest economy in the world with a GDP of around USD 3.9 trillion. Speaking at the IVCA Green Returns Summit 2025, Nageswaran said the Indian economy is already sort of crossing the USD 4 trillion mark, in the course of the current financial year, from USD 3.9 trillion at the end of March 2025. "So, whatever we do with respect to greening the economy, energy transition, environment, dealing with climate change and climate volatility have to be aligned with our priorities, both in the near term and the medium term," he said. Nageswaran said the country is well aware of the potential consequences of global warming and climate change and more ..

India's economy grew at 7.3% in Q2 on rural and govt spending boost: Poll

India remains one of the world's fastest-growing major economies in the face of US President Donald Trump raising tariffs on Indian goods to 50 per cent in August

RBI net sells $21.7 billion in H1FY26, against $85.11 billion in H1FY25

During the current financial year, the RBI was a net buyer of the greenback only in May, while it remained a net seller in the other five months