Page 2 - Indian Economy

From farmers to shopkeepers, India counts the cost of a weak monsoon

Rice yields have fallen after erratic monsoon rains, while higher farm input costs threaten rural incomes and spending during the key wedding and festival season

India's manufacturing PMI rises to 55.1 in September, hits 7-month high

The HSBC India Manufacturing PMI rose from 52.8 in August as new orders grew at their fastest pace since February, while exports and output also accelerated

Industrial output growth quickens to 8% in August on manufacturing, power

Manufacturing growth rose to 9 per cent, its second-highest level in 29 months, while electricity and gas supply expanded 12.3 per cent during August

India taking steps to build strategic sectors: Economic Affairs secy

Economic Affairs Secretary Anuradha Thakur said India must build capacity in strategic sectors such as semiconductors to shield the economy from an uncertain global environment

Global agencies raise India's FY27 growth outlook, see RBI rate hikes

Economists said revisions to GDP growth projections by these institutions were expected as the print for the June quarter was better than expected

After Moody's, S&P, Fitch, others raise FY27 India GDP growth projections

Fitch Ratings on Wednesday raised India's GDP growth forecast for the current fiscal year to 6.9 per cent, from 6.4 per cent, citing strong economic growth in the June quarter and overall economic resilience. According to Fitch, India's economic momentum is likely to moderate over the remaining fiscal year, prompting the Reserve Bank of India (RBI) to increase interest rates by 0.25 per cent in its October monetary policy meeting. A growth rate of 7.8 per cent in the June quarter indicates that the "Indian economy has shown resilience in the face of the shock from the US-Iran war, despite the strong terms-of-trade deterioration seen in the first half of 2026," Fitch said. It said that PMI survey data point to a slower pace of expansion in both manufacturing and services; below-normal monsoon rains will weigh on growth in agriculture and rural demand; and rising inflation will constrain real incomes and consumer dynamics. "Private investment prospects look more buoyant, and we expe

India flash PMI rises to 56.5 in September as manufacturing strengthens

India's private sector growth strengthened in September, with the HSBC Flash Composite PMI rising to 56.5 from 54.3 in August, led by manufacturing

Real income growth expected only in India, South East Asia: WEF survey

Most of the 36 participating economists expected inflation-adjusted incomes to fall or stagnate in nearly every geography with India and South-East Asia being the notable exceptions

Gains must be fairly shared with workers for sustainable growth: CEA

India's economic growth can translate into meaningful transformation only when its gains are shared fairly between workers and corporates, Chief Economic Adviser (CEA) V Anantha Nageswaran said, stressing that fairness is not an act of charity but a condition for a healthy and sustainable market economy. "Growth changes the country only when it is shared honestly between those who do the work and those who put up the money," he said at a keynote address at an AIMA event here. He argued that the debate over fairness should not be framed as a choice between workers and businesses. Instead, he said, both are part of the same economic bargain, with capital entitled to earn a fair return while workers must have a meaningful share in the prosperity generated by their work. "Fairness, of course, is not charity," he said, adding, a sustainable market ultimately depends on consumers having enough purchasing power to buy the goods and services businesses produce. "A healthy market needs ...

NPCIL begins fuel loading at 700 MW Rajasthan nuclear project's Unit 8

NPCIL begins fuel loading at 700 mw Rawatbhata unit 8, prepares for commercial operation

Delhi could become world's 14th-largest city economy by 2050: Report

Delhi, currently world's 63rd-largest city economy, may rise to 14th by 2050, as 55 Indian cities feature among the world's top 100 urban growth leaders, the Oxford Economics Global Cities Index says

Indian economy at inflection point, needs growth rethink: CEA Nageswaran

Nageswaran argued that India needs to rethink its development model for the AI era, using artificial intelligence to boost workers rather than replace them

Sector-specific reforms: A road less travelled

Without a rethink on the very meaning and scope of reforms, the solutions to our most important problems will remain endlessly out of reach

'India can escape middle-income trap with investment in education, health'

The Indian economy can escape the 'middle-income trap' with substantial investments in education, healthcare, and infrastructure, French economist and inequality specialist Thomas Piketty said on Tuesday, stressing that involvement in global coalitions is essential to driving inclusive and sustainable growth. The middle-income trap is an economic situation when a country can no longer compete internationally in labour-intensive goods because wages are relatively too high, and also cannot compete in higher value-added activities because productivity is relatively too low. The result is slow growth, stagnant or falling wages, and a growing informal economy. The prominent economist emphasised that India's involvement in global coalitions is essential to driving inclusive and sustainable growth. "India can escape the middle-income trap, but this will require massive investment in education, health and infrastructure," Piketty told PTI in an interview. "We also need India to participate

India launches online platform to connect exporters with US buyers

The move comes as India and the US continue negotiations on a trade deal, whose broad contours were agreed earlier this year

Next-generation reforms should focus on deregulation: Rajiv Gauba

NITI Aayog member Rajiv Gauba called for a systematic review of laws and regulations, saying India's next-generation reforms must move away from the licence, approval and permission regime

Get real on spending

Ensuring a realistic assessment of expenditure is critical in the current environment of uncertainty

Interest limited, govt to review ₹25,000-crore export promotion schemes

Aims to spend ₹3,710 cr in FY27, up from ₹2,250 cr in FY26

World Bank's Mishra pushes back on doubts over strength of India's growth

World Bank Executive Director Neelkanth Mishra said high-frequency indicators such as vehicle sales, cement volumes and credit demand point to strong economic momentum despite doubts over GDP data

India's economy can near $20 trn by 2046 if current growth pace holds: CEA

The economy doesn't need "heroic assumptions" to meet that target, Chief Economic Adviser V Anantha Nageswaran said