Page 4 - Indian Economy

India flash PMI rises to 56.5 in September as manufacturing strengthens

India's private sector growth strengthened in September, with the HSBC Flash Composite PMI rising to 56.5 from 54.3 in August, led by manufacturing

Real income growth expected only in India, South East Asia: WEF survey

Most of the 36 participating economists expected inflation-adjusted incomes to fall or stagnate in nearly every geography with India and South-East Asia being the notable exceptions

Gains must be fairly shared with workers for sustainable growth: CEA

India's economic growth can translate into meaningful transformation only when its gains are shared fairly between workers and corporates, Chief Economic Adviser (CEA) V Anantha Nageswaran said, stressing that fairness is not an act of charity but a condition for a healthy and sustainable market economy. "Growth changes the country only when it is shared honestly between those who do the work and those who put up the money," he said at a keynote address at an AIMA event here. He argued that the debate over fairness should not be framed as a choice between workers and businesses. Instead, he said, both are part of the same economic bargain, with capital entitled to earn a fair return while workers must have a meaningful share in the prosperity generated by their work. "Fairness, of course, is not charity," he said, adding, a sustainable market ultimately depends on consumers having enough purchasing power to buy the goods and services businesses produce. "A healthy market needs ...

NPCIL begins fuel loading at 700 MW Rajasthan nuclear project's Unit 8

NPCIL begins fuel loading at 700 mw Rawatbhata unit 8, prepares for commercial operation

Delhi could become world's 14th-largest city economy by 2050: Report

Delhi, currently world's 63rd-largest city economy, may rise to 14th by 2050, as 55 Indian cities feature among the world's top 100 urban growth leaders, the Oxford Economics Global Cities Index says

Indian economy at inflection point, needs growth rethink: CEA Nageswaran

Nageswaran argued that India needs to rethink its development model for the AI era, using artificial intelligence to boost workers rather than replace them

Sector-specific reforms: A road less travelled

Without a rethink on the very meaning and scope of reforms, the solutions to our most important problems will remain endlessly out of reach

'India can escape middle-income trap with investment in education, health'

The Indian economy can escape the 'middle-income trap' with substantial investments in education, healthcare, and infrastructure, French economist and inequality specialist Thomas Piketty said on Tuesday, stressing that involvement in global coalitions is essential to driving inclusive and sustainable growth. The middle-income trap is an economic situation when a country can no longer compete internationally in labour-intensive goods because wages are relatively too high, and also cannot compete in higher value-added activities because productivity is relatively too low. The result is slow growth, stagnant or falling wages, and a growing informal economy. The prominent economist emphasised that India's involvement in global coalitions is essential to driving inclusive and sustainable growth. "India can escape the middle-income trap, but this will require massive investment in education, health and infrastructure," Piketty told PTI in an interview. "We also need India to participate

India launches online platform to connect exporters with US buyers

The move comes as India and the US continue negotiations on a trade deal, whose broad contours were agreed earlier this year

Next-generation reforms should focus on deregulation: Rajiv Gauba

NITI Aayog member Rajiv Gauba called for a systematic review of laws and regulations, saying India's next-generation reforms must move away from the licence, approval and permission regime

Get real on spending

Ensuring a realistic assessment of expenditure is critical in the current environment of uncertainty

Interest limited, govt to review ₹25,000-crore export promotion schemes

Aims to spend ₹3,710 cr in FY27, up from ₹2,250 cr in FY26

World Bank's Mishra pushes back on doubts over strength of India's growth

World Bank Executive Director Neelkanth Mishra said high-frequency indicators such as vehicle sales, cement volumes and credit demand point to strong economic momentum despite doubts over GDP data

India's economy can near $20 trn by 2046 if current growth pace holds: CEA

The economy doesn't need "heroic assumptions" to meet that target, Chief Economic Adviser V Anantha Nageswaran said

Manufacturing PMI falls to 5-year low in August amid sales slowdown

New orders and output expanded at their weakest pace in five years, while manufacturing employment contracted for the first time in two-and-a-half years

Manufacturing PMI slips to 52.8 in August, weakest expansion in five years

India's manufacturing sector expanded at its weakest pace in five years in August as output and new orders slowed, while employment fell for the first time in two-and-a-half years

Reaping benefits of reforms in very uncertain global environment: CEA

CEA V Anantha Nageswaran says strong manufacturing, services and exports underscore India's economic resilience despite global uncertainty and energy risks

Centre's FY27 fiscal deficit touches 26.8% of full year target at end July

In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 4,55,144 crore in the April-July period of the 2026-27 fiscal year

Reforms, agile economic management bearing fruit: FM on 7.8% Q1 GDP growth

Finance Minister Nirmala Sitharaman on Monday said the reforms undertaken by the NDA government, together with an agile management of the economy, are bearing results, with real GDP growth coming in at 7.8 per cent in the April-June quarter. India's economic growth in the first quarter is well above the Reserve Bank of India's 7 per cent GDP growth forecast for the quarter. "The credit for this strong performance goes to the people of India and their hard work. Reforms undertaken by the NDA Government, together with an agile management of the economy, are bearing results," Sitharaman said in a post on X. She said the Narendra Modi-led government remains committed to further expanding economic opportunities for all citizens. As per GDP data released by the Ministry of Statistics & Programme Implementation, nominal GDP in Q1 of FY 202627 is estimated to have grown by 10.3 per cent, while real GVA (gross value added) recorded 8.2 per cent growth.

India to sustain 7% growth in FY27 despite global headwinds: FM Sitharaman

Finance Minister Nirmala Sitharaman says India can maintain its growth momentum despite geopolitical uncertainties and supply-chain disruptions