Page 27 - Indian Economy

India 5th largest economy, leading digital, mfg push: PM Modi at CEO Forum

Addressing the India-Cyprus CEO Forum, PM Modi emphasised that India has become the fifth-largest economy globally and is rapidly moving towards becoming the third-largest economy soon

India-Cyprus cooperation has 'immense potential for growth': PM Modi

Terming Cyprus a "reliable partner" for India, Prime Minister Narendra Modi on Sunday called for strengthening bilateral cooperation, which has "immense potential for growth". Modi, who arrived here on the first leg of his three-nation tour, made the remarks while attending a business roundtable along with Cypriot President Nikos Christodoulides. Addressing business leaders, Modi highlighted the "immense potential for growth" in bilateral ties. Cyprus has been a "reliable partner to India for a long time now," he said. In a post on X after the meeting, he said, "Boosting business linkages! President Nikos Christodoulides and I interacted with leading CEOs in order to add vigour to commercial linkages between India and Cyprus." "Sectors like innovation, energy, technology and more offer immense potential. I also talked about India's reform trajectory in the last decade," he added. At the event, Modi said, "After 23 years, an Indian prime minister has come to Cyprus and the first .

Build good external relations for steady supplies of critical materials

Serious doubts have now emerged in many countries regarding dependence on other countries for critical materials because it is not easy to develop alternate sources of supplies quickly

Sika sees major growth opportunity in India amid infra, tax reforms

About 3 per cent to 4 per cent of Sika's revenue comes from India and that could grow to double digits over the next 10 years

11 years of Seva, Sushasan, and Garib Kalyan: From stress to strength

From twin-deficit stress to five balance sheet strength, India's economic turnaround reflects 11 years of focused policy reforms under Prime Minister Modi's leadership

India drops to 131st spot in WEF Gender Gap index, down from 129 in 2024

India has ranked 131 out of 146 countries in the World Economic Forum's Global Gender Gap Report 2025, slipping two places from its position last year. With a parity score of just 64.1 per cent, India is among the lowest-ranked countries in South Asia, according to the report released on Thursday. India ranked 129 last year. The Global Gender Gap Index measures gender parity across four key dimensions: Economic Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment. The Indian economy's overall performance improved in absolute terms by +0.3 points. "One of the dimensions where India increases parity is in Economic Participation and Opportunity, where its score improves by +.9 percentage points to 40.7 per cent. While most indicator values remain the same, parity in estimated earned income rises from 28.6 per cent to 29.9 per cent, positively impacting the subindex score," the report said. Scores in labour force participation rate rem

A Tightrope Between Markets and Welfare: David Engerman on India’s Economic Choices

In this exclusive conversation, historian David C. Engerman, author of Apostles of Development, joins Ankur Bhardwaj to discuss the economists who shaped South Asia’s postcolonial development.

India Inc to double capex to $850 billion in 5 years, says S&P report

Power & transmission, airline companies to lead investment drive

Two neighbours, two futures: India's rise amid Pakistan's mounting woes

India and Pakistan are charting opposite courses, with New Delhi rising in global influence while Islamabad battles economic turmoil and diplomatic isolation, according to World Bank

Chhattisgarh govt bets on irrigation push to rebuild Bastar region

The push aligns with the state's long-term plan to unlock growth in the tribal-dominated Bastar region as security forces report breakthroughs in anti-Maoist operations

India key to global transition efforts, says WBCSD CEO Peter Bakker

The sheer size of the Indian economy, its demographic trends and the country's ambitions around sustainability make it a critical geography for global transition efforts, World Business Council for Sustainable Development (WBCSD) President and CEO Peter Bakker has said. Bakker said "India is a strategic focus for WBCSD," and pointed out the Council's work in areas, particularly transport and food, where the country has both major challenges and significant potential to lead. "We're also encouraged by the direction of policy in India," he told PTI in an email interview, highlighting the government's intent in the 2025 Union Budget to scale up investments in electric vehicles, renewable energy, green infrastructure, and the circular economy. Together, these developments create real momentum for business-led solutions, the Geneva-headquartered WBCSD chief said. "Our members are driving the development of data-driven infrastructure and unlocking innovative finance mechanisms to acceler

India central to supply chains; must be part of G7 discussions: Canadian PM

Canadian PM Mark Carney said he invited PM Modi to the G7 Summit, citing India's role as the world's fifth-largest economy and its central position in global supply chains and key global issues

Mahendra Dev takes charge as new Chairman of PM's economic advisory council

Former Indira Gandhi Institute of Development Research Vice Chancellor S Mahendra Dev has taken charge as the new Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM). The eminent economist replaced Niti Aayog vice chairman Suman Bery, who was holding the additional charge of EAC-PM. The EAC-PM had been without a full-time chairman since last November, following the death of its first chairman, Bibek Debroy. An order issued by the Cabinet Secretariat had earlier said the prime minister approved the re-constitution of the Economic Advisory Council to the Prime Minister for two years or until further orders, whichever is earlier. While three full-time members - Sanjeev Sanyal, Sanjay Kumar Mishra and Shamika Ravi - have been retained, new part-time members appointed include Soumya Kanti Ghosh (group chief economic advisor at SBI). Other part-time members are Rakesh Mohan, Sajid Chenoy, Neelkanth Misra, Nilesh Shah, TT Ram Mohan, KV Raju, Chetan Ghate, Pami Dua,

Going by past trends, transmission has happened much faster: RBI

Governor Sanjay Malhotra says monetary transmission is already outpacing past trends; FY26 growth projection held at 6.5%, but upside potential remains

Indo-Pak conflict had minimal impact on economy, says RBI Governor

Reserve Bank Governor Sanjay Malhotra on Friday said the India-Pakistan conflict, following the Pahalgam attack in which 26 civilians were killed, had negligible impact on economic activity. After the terror attack in Pahalgam on April 22, in which 26 people were killed, Indian armed forces launched Operation Sindoor and hit terror infrastructure in Pakistan. Indian armed forces on May 7 carried out missile strikes on nine terror targets in Pakistan and Pakistan-occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base in Muridke. In retaliation, Pakistan, too, launched its offensive and bordering districts were affected. "The conflict... had a very, very limited, negligible impact on economic activity. It did have some impact for those days, especially in northern India, airports being closed, air passenger traffic did certainly decrease, but there was no major supply chain disruption, etc," he said. So, he said, it does not have any imp

AI app to help goat farmers get fair price with weight estimates

Being developed by CIRG, app to ensure farmers get right price for goats during fesitivals like Eid

Services sector growth steady in May as demand remains strong, shows PMI

New business - a key gauge for demand - expanded at a sharp pace in May, largely aligned with growth rates seen from February through April

Investments into equity MFs seen gathering pace in May, shows data

In May, MFs' net equity buying nearly trebled compared to April. MFs together bought ₹49,108 crore worth of shares in May, the highest in four months

RBI documentary series premieres on JioHotstar with first of five parts

The five-part series on the Reserve Bank of India explores its 90-year journey, covering its vision, achievements, and the critical roles it plays in India's economy

Indian economy to be close to $30 trillion mark by 2047: Amitabh Kant

India's economy, which is currently USD 4 trillion in size, is expected to be close to USD 30 trillion by 2047 and the country also has the advantage of younger demographics, G20 Sherpa Amitabh Kant said on Monday. He was speaking at a session on the sidelines of the International Air Transport Association (IATA) in the national capital. "The demographics are very young. The Western part of the world is ageing and Japan has already aged, even China is ageing. India is just 28 and even when we become 100, the average age will be 35 years. It is a country of baby boomers," Kant said. According to him, the country's economy will be close to USD 30 trillion in 2047. The country is a USD 4 trillion economy and just became the fourth largest economy in the world, he added. While emphasising about sustainable urbanisation, Kant said the country will see around 5 million people getting into the process of urbanisation and there will be a need to create 500 new cities in India. "You need