Page 5 - Indian Economy

Why India's 7% growth may not be enough for 2047 developed nation goal

India needs 9.25% growth rate to meet PM Modi's 2047 developed-nation goal, according to Ashok Lahiri, a senior official at the country's apex government-run think-tank

Sitharaman invites global investors to manufacture, innovate in India

Finance Minister Nirmala Sitharaman invited global investors to set up manufacturing bases, and technology and innovation centres in India, urging them to leverage talent and opportunity to build for the world. Addressing a high-level Business Roundtable with leading investors and business leaders in Chicago on Friday, Sitharaman highlighted India's broad-based growth, reform momentum and expanding opportunities for long-term investment. Sitharaman emphasised that India's investment proposition rests not on any single sector, but on the convergence of scale, growth, talent, infrastructure, technology and sustained reform over the past decade. "The policy environment is increasingly focused on enabling businesses to invest, manufacture, innovate and expand," she said at the roundtable organised by India's Consulate General in Chicago in association with US-India Strategic Partnership Forum. The Finance Minister invited global partners to co-develop, co-produce and build for global .

Monsoon revival 'partly mitigates' agri sector risks: RBI's August Bulletin

FDI flows revives in June: Robust Q1 eco momentum continued in July

Economy shows notable resilience despite global headwinds: RBI bulletin

The economy has demonstrated notable resilience to the ongoing global headwinds, characterised by buoyant domestic demand and rising manufacturing and services activity, the latest Reserve Bank bulletin said on Tuesday. An article in the August bulletin also said the recovery in southwest monsoon in July helped kharif crop sowing reach closer to normal acreage, partly mitigating some of the risks to the agriculture sector. However, the global economic outlook continues to be shaped by geopolitical frictions in West Asia and fresh tariffs by the US, said the article on 'State of the Economy'. "The momentum of Q1 2026-27 continued in July with most of the high-frequency indicators reflecting sustained manufacturing and services activity, and double-digit expansion in merchandise exports and imports," it said. The article further said while headline consumer price index (CPI) inflation edged up above the target, it was primarily on account of supply-side pressures. Stable core inflati

Economic activity growth eases to 11.4% in July from 12.1% in June: ICRA

Mining, electricity, e-way bills and domestic air traffic weighed on growth in July, while cement and coal output strengthened and unemployment declined

US-Canada trade flux may give India an edge in Ottawa negotiations

After the talks collapsed on Saturday, the US has imposed 50% tariff on $20 billion Canadian goods and Ottawa has vowed it would impose "dollar-for-dollar" retaliatory tariffs from September 8

CabSec seeks programmes in colleges to build an advanced Indian economy

Sources said the directions include preparing a model to improve employability and upskilling opportunities for ITI students, besides rejigging method for awarding them degrees

RBI Central Board reviews global, domestic risks to economic outlook

The RBI's Central Board also reviewed various areas of the central bank's operations, including the functioning of its committees and the Ombudsman Scheme

Benefits or Security? What does the Indian State owe you, the citizen? | Macro Matters Ep 7

In this episode of Macro Matters, Business Standard's Ankur Bhardwaj speaks with veteran journalist A. K. Bhattacharya on a fundamental question: What does the Indian State owe you, the citizen?

'Industry must utilise FTAs, focus on value addition, and diversify mkts'

The government on Thursday mooted that the industry must utilise free trade agreements (FTAs), focus on value addition, build resilient supply chains, and actively diversify export markets to boost manufacturing and strengthen the country's position in global trade. All the trade agreements which India has signed "is a door, but doors, however magnificently crafted, do not open themselves. It is the industry that must walk through them," said Additional Secretary in the Department of Commerce Yashvir Singh. He said the industry should use FTAs to expand market access, attract investment and technology, diversify supply chains, and build manufacturing ecosystems that can withstand global shocks. The ambition is not merely to participate in global manufacturing but to make India a reliable, competitive, and trusted partner in global value chains, he said said at a manufacturing conclave. "I place before this audience five imperatives, not suggestions, but strategic obligations. First

India builds long-life infra, but corrosion remains a costly weak link

A Nomura report estimates India's corrosion bill at ₹14.1 trillion a year, raising questions over whether infrastructure standards and maintenance practices are keeping pace with rapid asset creation

Employment opportunities

India must prepare workers for changing global needs

Median Indian firm grew in size after Covid-19 pandemic, EAC-PM paper finds

The paper found corporate profits rebounded sharply after the Covid-19 pandemic, but investment growth remained slower

India's unemployment rate fell to 5.1% in July from 5.5% in June: Govt data

Compared with July 2025, the overall UR and rural UR remained broadly stable in July 2026, whereas the urban UR decreased by 0.5 percentage point from 7.2 per cent in July 2025

Equirus' $20trn economy roadmap: List railways, cut TDS, end STT & more

Equirus Securities in its report 'India's Road to a $20 Trillion Economy' has proposed a 20-point reform agenda across five areas.

From agriculture to services: How India's economy transformed over 80 years

India's economy has undergone a major transformation over eight decades, moving from an agriculture-led model towards a more diverse, services-driven economy

India finds favour in Europe; America remains sceptical: Pew survey

Pew Research Center survey across 36 countries shows India's global image tilting slightly positive, with sentiment improving across several European countries

How Indian economy has transformed since the landmark 1991 reforms

By 2025-26 the primary sector's share had roughly halved to about 18%, the tertiary sector had surged to some 56% and industry sat almost exactly where it began, at around 25%

India's forex reserves climb past $700 billion on robust inflows

India's foreign exchange reserves rose to a four-month high of $707 billion as of August ​7, bolstered by robust inflows under policy ​measures to strengthen India's balance of payments

RBI turns upbeat as worst of West Asia war shock recedes, demand holds up

Five months after the Iran war stoked fears of an oil-driven inflation surge and economic slowdown, resilient demand and easing price pressures are giving RBI officials more confidence