Page 37 - Indian Economy

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.

'We've a long way to go': Zerodha CEO on India as 4th largest economy

Nithin Kamath says India must focus on boosting labour participation, productivity, and R&D spending to achieve sustainable, long-term growth

Policy changes, swift decisions made India 4th largest economy: Chouhan

Union Minister Shivraj Singh Chouhan said on Monday that India's economy jumped from the 11th position in 2014 to the current fourth spot, due to policy changes and swift decision-making under Prime Minister Narendra Modi. On the second day of his Vikas Bharat Sankalp Padyatra' launched in his parliamentary constituency, Vidisha in Madhya Pradesh, he expressed confidence that the country would soon become the third largest economy and even bag the number one position in future. During his foot march, Chouhan interacted with people from Bijla Jod, Chanda Grahan Jod and Bhairunda villages over the Centre's public welfare schemes. The Union minister, who had a long stint as the chief minister of MP, said that he had embarked on the foot march to fulfil PM Modi's pledge of building a developed India (Viksit Bharat). In 2014, our economy was number 11 in the world, but under the leadership of PM Modi, it gradually reached the fifth position and now India has become the fourth largest ..

NITI Aayog nudges states to finalise intermediate targets for 2030, 2035

These include precise and achievable targets by 2030 and 2035, in addition to the broader 2047 target of making India a $30 trillion economy

India beats Japan, now fourth-largest economy: NITI CEO Subrahmanyam

IMF projects India's GDP to cross Japan's in FY25; NITI Aayog chief says India will surpass Germany in 2.5-3 years to claim third-largest economy spot

Agri output likely to propel India's Q4 GDP growth to 4-quarter high

Industrial sector expansion is, however, expected to remain subdued

Tariff uncertainties pose growth risks, says RBI Governor Sanjay Malhotra

The governor said India's domestic growth is supported by stable policies, healthy corporate balance sheets and strong macroeconomic fundamentals that bode well for the economy.

Fitch upgrades India's medium-term growth outlook to 6.4% till FY26

Fitch Ratings raises India's medium-term growth forecast to 6.4% citing higher labour force participation, even as it trims projections for most emerging markets

Nearly half of Indian consumers polled switching to private labels: EY

Indian consumers are re-evaluating their retail choices and nearly half of them are switching to private labels, according to an EY report which highlights heightened consumer expectations of value, trust and relevance from their purchase experiences. According to the latest EY Future Consumer Index (FCI) India edition, the growing preference for private label products is transforming consumer perceptions, positioning store brands as the favoured alternative to traditional branded options. The EY Future Consumer Index tracks changing consumer sentiment and behaviours across time horizons and global markets, identifying the new consumer segments that are emerging. The 15th edition of the EY Future Consumer Index surveyed over 1,000 consumers across India, between January 24, 2025, to February 20, 2025. The report said the growing preference for private label products is transforming consumer perceptions, positioning store brands as the favoured alternative to traditional branded ...

RBI seeks govt nod for bigger contingent risk buffer band after ECF review

Board to meet on May 23 to decide transferable surplus based on new range

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