Page 34 - Indian Economy

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

Datanomics: India closes in on Japan to be fourth-largest economy this year

India is likely to overtake Germany in 2028 as the third largest economy in the world, according to projections by the IMF

India fastest growing economy for fourth consecutive year: FM Sitharaman

India has remained the fastest-growing major economy for the fourth straight year, driven by strong manufacturing, services, and farm sector growth, the finance minister said

India's GDP growth likely accelerated in Q4 on rural demand, state spending

Rural consumption improved during the quarter, while urban demand indicators remained mixed

Trust, deregulate, and reciprocate to escape middle-income trap: CEA

Nageswaran also said India should not be overly consumed by global uncertainty, especially with a domestic economy where private consumption accounts for 60 per cent of GDP

Economists see global growth coming under strain; India story intact: WEF

Chief economists from across the world are the most optimistic about a strong economic expansion in South Asia, with India looking set to be the primary engine of growth in 2025 and 2026, a new survey showed on Wednesday. The chief economists, however, warned of the overall global growth coming under strain from trade policy shocks and AI disruption, the World Economic Forum (WEF) said in its latest 'Chief Economists Outlook' report. A majority of surveyed economists saw the current US economic policy as having a lasting global impact, with 87 per cent expecting it to delay strategic business decisions and heighten recession risks. The global growth outlook was divided, with weak prospects in North America, resilience in Asia-Pacific and cautious optimism in Europe. "The outlook for China remains muted, and the chief economists were divided over whether it will reach its target of 5 per cent GDP growth this year. "Optimism remains highest for South Asia, where 33 per cent expect .

Cong cites auto sales, says most Indians locked out of consumption economy

Flagging reported drop in the share of passenger cars in the overall auto sales, the Congress on Wednesday claimed that it points to a state of the economy where most Indians are locked out of the consumption economy, there is growing inequality, stagnant incomes and weak investment. Congress general secretary in-charge communications Jairam Ramesh shared a media report which claimed that while the middle class is increasingly unable to transition from two-wheelers to entry-level cars, the sport utility vehicle (SUV) segment is recording a rising share of first-time buyers. There was no immediate response from the government or the BJP on the claims. "India Inc is raising the siren once again -? this time for auto sales. In 2018-19, passenger cars made up 65% of total sales of vehicles -? that share is now only 31%. SUVs and multi-purpose vehicles now account for 65% of sales," Ramesh said in a post on X. Noting that car sales have long been considered an indicator of the economy's

India becomes 4th largest economy: What's driving this growth?

India has become the 4th largest economy in the world, overtaking Japan, NITI Aayog has reported, citing IMF data.