Page 39 - Indian Economy

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

Cong cites IMF report to slam govt; calls for boosting consumption, policy

Citing an IMF report to flag "tepid" private investment growth in India, the Congress on Thursday said the way out of the current "economic slump" needs measures to boost consumption, enhancing policy predictability, and rationalising trade policy. Congress general secretary in-charge communications Jairam Ramesh said the International Monetary Fund (IMF) has devoted an entire section to "Reigniting Private Investment in India" in its just-released annual India Article IV Consultation Report. "Somewhat unusually, it is a strong--if implicit- critique of the Modi government's policies and actions," he said in a statement. "The report underscores the tepid private investment growth in India, noting that 'private corporate investment has been sluggish especially compared with historical averages.' Notably, the situation is only getting worse, since 'nominal investment growth by private corporates appears to have decelerated further from 21 percent in 2022/23 to 13 percent in 2023/24',

Boost in domestic, int'l demand drives growth in services PMI in February

The India Services Purchasing Managers' Index rose to 59 in February from a 26-month low of 56.5 in January

Indian economy could gain $1 trillion from AI, says Nishikant Dubey

Nishikant Dubey said the panel at its meeting on Wednesday deliberated on the impact of Artificial Intelligence on banking, revenue and other related sectors

Govt nod to over ₹7,500 crore ropeway projects for Kedarnath, Hemkund Sahib

The Union Cabinet has approved two ropeway projects worth ₹7,500 crore-connecting Sonprayag to Kedarnath and Govindghat to Hemkund Sahib Ji-to provide faster, eco-friendly transport for pilgrims

Why India's tax office needs to win over taxpayers, and not tyrannise them

For investment and growth to take off, taxes need to be reliable, uniform and predictable

Govt committed to easing regulations, boosting export economy: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the government remains steadfast in reducing regulatory burdens, besides enhancing trust-based governance and taking steps to make India a "seamless, export-friendly" economy. A robust manufacturing sector free from unnecessary regulatory bottlenecks will further attract both domestic and foreign investments, driving economic growth, positioning India as a trusted global player, Sitharaman said while addressing a post-budget webinar on 'MSMEs as engine of growth, manufacturing, exports, regulatory, investment and EoDB Reforms'. "Our government remains steadfast in reducing regulatory burdens and enhancing trust-based governance to improve the ease of doing business. Through the budget announcements, we are taking various steps towards making India a seamless, export-friendly economy, one where businesses are free to focus on innovation and expansion, and not paperwork and penalties," Sitharaman said. Addressing the webinar earlier

Modern framework needed to create growth-conducive investment climate: CEA

Chief Economic Advisor V Anantha Nageswaran on Tuesday said India should have a modern, responsive regulatory framework to create a growth-conducive investment climate, as FDI inflows get impacted due to pressure on global growth. Addressing the Post Budget Webinar 2025 titled 'Making India Investment Friendly, Nageswaran said India has emerged as the preferred investment destination as evidenced from gross FDI inflows. "We need to focus on improving regulatory clarity, easing business operation and making sure that plumbing of regulatory framework corresponds with broader vision (of reforms)," he said. Nageswaran said it is very clear that growth will come under pressure across the world considering the actions taken by various governments over the past one month. He said India has to do whatever it can domestically to sustain the "mood of constructive optimism" within the country. He said a robust investment climate is necessary, particularly when global FDI flows are likely to