Page 36 - Indian Economy

India eyes bigger slice of US energy supplies, says Hardeep Singh Puri

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, highlighted the stability of the global oil market, supported by increased supplies from the US, Brazil, Guyana, Suriname, and Canada

Unlocking potential: India's path to a robust petrochemical industry

With a market size of $220 billion, the Indian chemicals and petrochemicals sector contributes about 6 per cent to the GDP and provides employment to over 5 million people

Indian economy projected to grow in range of 6.5-6.8% in FY25: Deloitte

Deloitte India on Tuesday projected India's GDP to grow at 6.5-6.8 per cent in the current fiscal and said India will have to adapt to the evolving global landscape and harness its domestic strengths to drive sustainable growth. In its Economic Outlook report, Deloitte India also said the country needs to decouple from global uncertainties and harness its domestic potential. Despite global and domestic challenges, India is moving up the global value chains, as highlighted by the rising share of high-value manufacturing exports, particularly in electronics and machinery and equipment. Deloitte India, in its latest Economic Outlook, has revised its annual GDP growth projection for FY2024-25 to 6.5-6.8 per cent, with expectations for 6.7-7.3 per cent in the following year. The adjustment reflects the need for cautious optimism as the economy navigates rising global trade and investment uncertainties. In its Economic Outlook report in October, Deloitte India had projected the country's

India may account for 16% of global consumption by 2050: World Data Lab

Only North America, with a 17 per cent share in 2050, will have a higher consumption share

Pay commissions called for reforms in services, but little happened

While the larger issue of reforms in the civil services has hardly ever been acted upon, except the Sixth Pay Commission others have been prudent in offering wage growth

Bad economics is corrupting politics, undermining good governance in India

Economic reformers should not remain beholden to free-market ideologies, corporate lobbies, or the sentiments of fickle stock markets

India's current economic environment conducive for private investments: CII

India's current economic environment is conducive for private investments with the country emerging as a "bright spot" amid the challenging global environment, according to a CII survey. The pan-India survey is an ongoing initiative, which would be completed for 500 firms by the first week of February. The interim results are based on a sample of 300 firms spread across all industry sizes (Large, Medium and Small). Notably, early results reveal that about 97 per cent of the sample firms are likely to increase employment in both 2024-25 and 2025-26. In fact, 79 per cent of the respondents' firms said that they added more people over the past three years. The CII survey, which was conducted over the past 30 days, suggests that 75 per cent of the respondents believe that the current economic environment is conducive to private investments. "Given that 70 per cent of the firms surveyed said that they would invest in FY'26, an uptick in private investments might be on the cards over th

Must fix lack of jobs, unsettled borders for Viksit Bharat: Army vice chief

Lack of adequate employment opportunities, unsettled borders, and its position in the human development index are some of the weaknesses India needs to address to realise the vision of Viksit Bharat 2047, Vice Chief of the Army Staff Lt General N S Raja Subramani has said. Speaking on the topic of "National Security and Bharat @ 2047 at Surat LitFest 2025 on Friday, Lt Gen Subramani said the India of 2047 should have integrated its response mechanism, resolved its internal problems in Jammu and Kashmir and the Northeast, as well as left-wing extremism (LWE) to ensure social and communal harmony. "Our strengths are our geographical location, youth, stable economic growth, and service sectors Pharma and IT which are progressing. What are our weaknesses? First, environmental change; second, our manufacturing sector is not strong; third, we do not have that many employment opportunities. Our border, whether with China or Pakistan, is not yet developed. We need to improve the human ...

Decoded: Real vs nominal GDP - Key differences and which is more reliable

These two metrics, while similar on the surface, provide different perspectives on economic health and growth trends

India's forex reserves fall $8.7 billion to $626 billion, hit 10-month low

Foreign currency assets fell by $9.5 billion, while the value of gold reserves went up by $792 million

Economic growth poised to rebound as demand regains strength: RBI Bulletin

India's economic growth is poised to rebound as domestic demand regains strength, though the stickiness in food inflation warrants careful monitoring, the latest RBI Bulletin released on Friday said. An article on the 'State of the Economy' published in the January Bulletin also noted that the economic outlook for 2025 is divergent across countries with some loss of speed in the US; weak-to-modest recoveries in Europe and Japan; more moderate growth profiles in emerging and developing countries alongside a more gradual disinflation relative to advanced economies. "In India, there is a conducive quickening of high-frequency indicators of economic activity in the second half of 2024-25, bearing out the implicit pick-up in real GDP growth for this period in the annual first advance estimates of the NSO," it said. It further said, the headline inflation eased for the second successive month in December, although the stickiness in food inflation warrants careful monitoring of second orde

India's $4 trillion economy has entered structural slowdown: UBS Group

The deceleration is underpinned by a long-term moderation in credit growth, foreign direct investment, export competitiveness and earnings potential, UBS said

Markets Today: Wipro, TechM, RIL, Infy, Axis Bk Q3; FIIs; Capital Infra IPO

At 6:35 AM, GIFT Nifty futures indicated a weaker start for the markets, trading 56 points lower at 23,321.5

India to remain fastest-growing large economy in FY26, FY27: World Bank

The global economy is projected to expand by 2.7 per cent in both 2025 and 2026, the same pace as in 2024, as inflation and interest rates decline gradually

Infra outlays: Key expectations from the Union Budget allocations

l The CMIE data also points to a worrying 57.1 per cent year-on-year decline in the value of government projects completed and a 40 per cent decline in that of the private sector

A macro tightrope walk: Balancing domestic slowdown, global challenges

The challenge for macro policy is to respond to the domestic slowdown without appearing to let its guard down against a hostile global environment

Indian economy likely to grow between 6.5-6.9% in FY26, says Ficci

On the investment front, the government's focus on capital expenditure is expected to remain a key growth driver in 2025-26

Ficci lowers India's growth projection from 7% to 6.4% for current FY

Industry body FICCI on Thursday lowered India's growth projection for the current financial year to 6.4 per cent from 7 per cent estimated earlier. According to FICCI's Economic Outlook Survey, the revised projection is in line with the broad expectations and reflect a notable slowdown vis--vis 8.2 per cent GDP growth recorded in 2023-24. "...FICCI's Economic Outlook Survey projects an annual median GDP growth forecast of 6.4 per cent for 2024-25. The forecast in the current survey marks a moderation from 7.0 per cent estimate (for 2024-25) put out in the previous round conducted during the month of September last year," it said. The survey was conducted in December 2024 and drew responses from leading economists representing industry, banking and financial services sector. The participating economists observed global economy in 2025 to present a reasonable growth trajectory, with an underlying note of caution. Sharing their perspective on the expected impact of US President Donal

Global economy to weaken in 2025, India's strong growth continues: WEF

A majority of chief economists worldwide expect weaker global economic conditions in 2025 but India is likely to maintain a strong growth despite signs of some momentum being lost, a new report said on Thursday. In its latest Chief Economists Outlook, the World Economic Forum said the global economy is set to face significant challenges in 2025, with 56 per cent of chief economists surveyed expecting conditions to weaken. Only 17 per cent foresee an improvement, pointing to heightened uncertainty in key regions and the need for measured policy responses worldwide, it found. The US economy is expected to deliver robust growth in 2025, and South Asia, particularly India, is also expected to maintain strong growth. The outlook for Europe remains gloomy, with 74 per cent of respondents predicting weak or very weak growth this year. The outlook for China also remains weak, and growth is projected to slow gradually in the years ahead, the WEF said in the report prepared on the basis of

A piece of my mind: Budget should target 4% fiscal deficit, trade pacts

In India, after unprecedented 6% drop in real GDP in 2020-21 because of Covid and lockdowns, there was a remarkably strong recovery in the next three years with GDP growth averaging a little over 8%