Page 27 - Indian Economy

India's trade body to decide on halting all trade with Turkey & Azerbaijan

Confederation of All India Traders' reaction came after Turkey and Azerbaijan openly supported Pakistan after India's 'Operation Sindoor', launched to limit Pakistan's capacity to sponsor terror

Manufacturing investment gestation rate rises to 5-year peak: CMIE

Global companies push for diversification may play a role

Policy to plate: What genome-edited rice means for India's food future

The release of genome-edited rice marks a policy and scientific shift, positioning India to lead biotech-driven farming amid climate, resource, and food security challenges

Indian economy projected to grow at 6.5% in FY26, says CII president

India's GDP is projected to grow at 6.5 per cent in the current fiscal and the country's economy is resilient enough to overcome the short-term impact of geopolitical issues, CII president Sanjiv Puri has said. In an interview with PTI, he asserted that the country must pursue bilateral trade pacts with key trading partners to protect national interests in the backdrop of increasing trade barriers. Highlighting that the private investment is picking up across various sectors like energy, transportation, metals, chemicals and hospitality, Puri said the current geopolitical uncertainties could lead to "some cautiousness" in investment. On the economic growth projection for India, he said, "We are looking at 6.5 per cent. We believe this number can be achieved fundamentally, because the fact is, we are starting with a reasonably good foundation, robust economic foundation". Elaborating on the reasons, he said, "In the recent past, interest rates have eased. Inflation is becoming benig

Attracting FIIs & FPIs - balance regulations with ease of doing business

India's record GST collections and rising domestic investments highlight economic resilience, while SEBI's evolving FPI norms aim to balance transparency, compliance, and investor confidence

State rankings 2025: A closer look at assumptions and indicators

The report ranks performance of states in terms of 7 pillars - namely, economic, fiscal, financial, infrastructural, social, governance, and environment - and works out composite index to rank states

S&P cuts India's FY26 GDP forecast to 6.3% over US tariff uncertainty

S&P Global Ratings on Friday cut India's growth projections by 0.2 percentage points to 6.3 per cent for the current fiscal year citing uncertainty over the US tariff policy and downside risks from its spillover to the economy. In its report titled "Global Macro Update: Seismic Shift In US Trade Policy Will Slow World Growth", S&P Global Ratings said "we reiterate that there are no winners in a scenario of escalating protectionist policies." S&P said among Asia-Pacific's major economies, China is expected to see its growth drop by 0.7 percentage points in 2025 to 3.5 per cent and in 2026 to 3 per cent. S&P projected India's GDP growth to be 6.3 per cent in 2025-26 and 6.5 per cent in 2026-27 fiscal year. In March, S&P had lowered the FY'26 GDP growth forecast to 6.5 per cent, from 6.7 per cent. "The risks to our baseline remain firmly on the downside in the form of a stronger-than-anticipated spillover from the tariff shock to the real economy. The longer-term ...

Creative economy can further increase its share in GDP, says PM Modi

The PM said that Indian films are now reaching every corner of the world, with they being released in more than 100 countries

Tariff shocks and tailwinds: Risks and openings for India's economy

The global tariff war poses risks but also offers India a chance to position itself as a go-to destination for firms relocating from China

Despite global risks, Indian economy poised for steady growth: FinMin

With the right strategies in place, continued domestic reforms, and a strong focus on infrastructure development and job creation, the economy can demonstrate resilient growth despite global uncertainties, a finance ministry report said on Tuesday. India's long-term growth is driven by macroeconomic stability, a resilient external sector, declining fiscal deficit, easing inflation, improving employment prospects, and high consumption expenditure, the March edition of Monthly Economic Review released by Department of Economic Affairs said. Private capital formation holds the key to the sustainability of this favourable constellation, it said, adding that public policy and regulatory measures can both facilitate and nudge the private sector to do its part. Nevertheless, it said, while geopolitical uncertainties present challenges for India, too, they also offer an opportunity to strengthen its position in international trade and manufacturing by leveraging its comparative advantages i

Govt sets up panel to draft plan for new National Manufacturing Mission

This mission was first announced in the Budget on February 1 to boost the Make in India initiative

Steel sector to play vital role in achieving $5 trn economy goal: Pradhan

Steel sector will play a vital role in economic growth, job creation and industrial development as the country aspire to become a USD 5-trillion economy, Union Education Minister Dharmendra Pradhan said on Friday. He also said that green steel is the priority of the government to turn industrial transformation into a competitive advantage and this transition is magnificent in progress. Pradhan, who held the portfolio of the Steel Ministry earlier, was speaking at the second day of the 6th edition of Steel India 2025 Conference and Exhibition, being hosted jointly by the Ministry of Steel and industry body Ficci here. "As India progresses towards becoming a USD 5-trillion economy, the steel sector will play a vital role in economic growth, job creation and industrial development. This is India's decade to showcase innovation and collaboration across sectors as we work to realize the vision of Vikasit Bharat," Pradhan said. The steel industry will set a global benchmark for sustainab

India could grow at 6.5% in FY26, aided by falling crude prices: EY

Indian economy could grow at 6.5 per cent in the current fiscal as lower prices of crude oil are expected to ease inflationary pressure and support domestic growth, despite intensifying global trade tensions, EY said on Friday. The 'EY Economy Watch' report for April identifies four key interlinked effects which would have a bearing on India's growth reduced exports, global slowdown, falling crude oil prices, and the impact of global excess production capacities. "With suitable fiscal and monetary policies, India may be able to sustain a real GDP growth at about 6.5 per cent in FY26 as also in the medium term, while maintaining a CPI inflation below 4 per cent. "We also expect global crude prices to remain in the range of USD 60-65/bbl in FY26, which may be to India's advantage," EY India Chief Policy Advisor D K Srivastava said. It said exports may slow due to higher tariffs and weakening global demand, but the overall GDP impact may be limited, given the subdued role of net expo

India's economic outlook dims as US tariffs hit business sentiment: Poll

Economists say beneath the headline growth numbers is an economy not generating enough well-paying jobs for millions of young people entering the labour market every year

US tariffs may cut India GDP by up to 0.5% points, says finance secy

He added that he expected potential growth rate of around 7% could be achieved over the next decade, though India needed to expand its economy

April composite PMI at 60 as biz growth hits 8-month high on export surge

Manufacturing PMI rose to a 1-year high of 58.4 in April; services hit 4-month peak at 59.1, signalling robust private sector growth and strong demand across both segments

The Great Tariff Debate — Should India Open Up? | Trump Tariffs | Trade War | Indian Economy

When Donald Trump hit Indian goods with a 26% tariff, it wasn’t just bluster — it was a message. India has some of the highest tariffs in the world.

Bold reforms, capacity boosts key to India's growth in next two decades: FM

India's quest for sustained growth over the next two decades hinges on a new paradigm, driven by bold reforms, enhanced domestic capabilities, and strategic institutional collaborations suited for the evolving global landscape, Finance Minister Nirmala Sitharaman said on Monday. The last two Union Budgets have laid the groundwork for this transformation, with a clear multi-sectoral policy agenda, she said, while speaking at Hoover Institution at Stanford University California. In the last decade, she said the government has undertaken structural reforms, rationalising over 20,000 compliances, decriminalising business laws and digitising public services to reduce friction. She further said a significant thrust on infrastructure development has also created a strong foundation for manufacturing-led growth by bolstering investor confidence over the last 10 years. This has been enabled by a more than four-fold increase in the union government's capital expenditure between 2017-18 and t

India to generate 8 mn jobs per year for next 10-12 years: CEA Nageswaran

India has to generate 8 million jobs per year at least for the next 10-12 years and raise the share of manufacturing in GDP as it strives to achieve the vision of becoming a developed country by 2047, Chief Economic Advisor to the Government of India V Anantha Nageswaran said. "We have a vision to achieve a developed India by 2047. The biggest challenge, apart from India's size, is that the external environment is not going to be so benign for the next 10-20 years as one might have had in the last 30 years, starting from 1990 or so, Nageswaran said here Saturday. But within this context - that's a given, you can't choose your external environment beyond a point - we have to generate 8 million jobs per year at least for the next 10 to 12 years...And raise the manufacturing share of GDP, in the context of China having achieved such a tremendous manufacturing dominance, especially post-COVID, he said. Nageswaran was addressing the Columbia India Summit 2025 hosted by the Deepak and Nee

Fitch cuts India's GDP projection by 10 bps to 6.4% as trade war escalates

Fitch says, excluding the pandemic, world growth rate to be the weakest since 2009