Page 30 - Indian Economy

India's structural strengths lay strong foundation for growth: RBI Bulletin

Sound fiscal policies, a well-calibrated monetary framework, and digital transformation initiatives are expected to provide a strong foundation for long-term sustainable economic growth, said RBI March Bulletin released on Wednesday. It also said that macroeconomic fundamentals remain strong, and economic growth is poised to sustain momentum driven by robust domestic demand, steady investment activity, and ongoing policy-driven infrastructure development along with a pick-up in government spending. An article on 'State of the Economy' published in the Bulletin noted that the resilience of the global economy is being tested by escalating trade tensions and a heightened wave of uncertainty around the scope, timing, and intensity of tariffs. While engendering heightened volatility in global financial markets, these have also caused apprehensions about the slowdown in global growth. "Amidst these challenges, the Indian economy continues to demonstrate resilience as evident in the robus

Fitch keeps India's FY26 GDP forecast at 6.5%, ups FY27 projection to 6.3%

The rating agency expects two further cuts in the policy rate this calendar year, revised downwards to 5.75 per cent by December 2025

New IIP series may use GST data, be seasonally adjusted: MoSPI Secy

Besides, the new IIP series will be chain-based, as the annual survey of industries (ASI) data is available to adjust the weights of different industries

Nandan Nilekani's master key to help unlock India's $8 trillion future

Nilekani believes the combination of AI, smartphones will help unlock digital access, but challenges like income disparity remain; Nilekani's 'The Great Unlock' aims to overcome these barriers

Food prices cool Feb inflation to 3.61%; IIP rises to 8-month high in Jan

Rajani Sinha, chief economist at CARE Ratings, said food inflation is likely to remain benign in the coming months but any weather-related disruptions could play spoilsport

BS Round Table: TN takes 'product nation' route on road to $1 trn economy

Industries minister TRB Rajaa bats for 'Making in Tamil Nadu for world', says state's manufacturing talent pool on a par with Japan

Business Standard Round Table: GCCs can help TN become $1 trn economy

Jaikumar Subramanian, partner at Deloitte India, said as the state aimed to treble the size of its economy in five years, it should focus on a closer collaboration of industry, academia, and startups

Nandan Nilekani's 4 tips for India's economy to hit $8 trn mark by 2035

Outlining key factors for India's economic expansion, Nilekani spoke about the necessary "Big Unlocks" required to accelerate the country's growth rate from 6 per cent to 8 per cent

India's economic growth to exceed 6.5% in FY26, says Moody's Ratings

Moody's Ratings on Wednesday said India's economic growth will exceed 6.5 per cent in the next fiscal, up from 6.3 per cent this year, on higher government capex and consumption boost from tax cuts and interest rate reduction. Projecting a stable outlook for the banking sector, Moody's said although the operating environment of Indian banks will remain favourable in the next fiscal, their asset quality will deteriorate moderately after substantial improvements in recent years, with some stress in unsecured retail loans, microfinance loans and small business loans. Banks' profitability will remain adequate as declines in net interest margins (NIMs) are likely to be marginal amid modest rate cuts, it said. Moody's said that following a temporary slowdown in mid-2024, India's economic growth is expected to reaccelerate and record one of the fastest rates among large economies globally. "Government capital expenditure, tax cuts for middle-class income groups to boost consumption and ..

Policy choices that deepened the slowdown demand urgent course correction

What's troubling is that this slowdown is unfolding despite a broadly stable global economy-no financial crisis, no commodity shock

Govt seeks Parliament approval for Rs 51,000 crore extra cash outgo

Gross additional spending to be matched by savings of Rs 6.27 trillion

RBI's rate cut outlook drives investors to bet on Indian bonds gain

After its first easing in five years last month, the Reserve Bank of India may deliver another 25 basis points cut in April, followed by at least one more reduction this year

India pegged as top source market for London's ambitious new 'Growth Plan'

The UK's capital city has unveiled an ambitious new Growth Plan' to provide an estimated GBP 27 billion extra tax revenue to fund vital public services in London and across the country, with India pegged as its number one source market in terms of foreign direct investment (FDI). The plan, unveiled recently by Mayor of London Sadiq Khan along with growth agency London & Partners, aims to restore productivity growth to an average of 2 per cent a year in the next decade, which is hoped would make London's economy GBP 107 billion larger by 2035. India has been on a growth curve for the last three years, overtaking the US as London's single-largest FDI source market in 2022-23 and continuing through 2023-24. Foreign direct investment from India has been the fastest growing and has been our number one market for the last two years, said Laura Citron, CEO of London & Partners. So, it's Indian tech companies setting up operations in London. Equally, if we look at it as a student ...

India fails to attract foreign investors after $1.3 trn mkt selloff: Report

Traders looking for bargains within Asia are gravitating toward still-cheap Chinese equities, which are in the middle of a bull run sparked by developments in artificial intelligence

Highlights: We're close to closing in on final call for GST rates & slabs reduction, says Sitharaman

Latest news updates: Catch all the latest news developments from around the world here

Very close to decision on reducing GST rates & slabs: Nirmala Sitharaman

Speaking on the ongoing efforts to simplify the GST structure, Nirmala Sitharaman said, 'We are very close to closing in on a final call on the reduction in GST rates and slabs'

As Trump launches the tariff war, how can India safeguard its interests?

With Trump enforcing reciprocal tariffs, India faces trade challenges. Exploring new markets, finalising FTAs, and boosting manufacturing could help counter the impact

India must prepare for greater responsibilities: NITI Aayog's Suman Bery

Echoing a growing sentiment from the top echelons of the government, Bery expressed disappointment over India Inc's reluctance to invest substantially in the economy

Private investment conundrum: Policy intervention to improve prospects

India's gross fixed capital formation at constant prices is expected to be at 33.4 per cent of GDP this financial year

Stock market fluctuations not linked to tax policies: DEA Secy Ajay Seth

Stock markets go up and down for different reasons, and they have nothing to do with taxation; tax rates and stock market are different issues, said Economic Affairs Secretary Ajay Seth