Page 6 - Indian Economy

GST rate cuts boost consumption, India set for steady growth: FinMin report

The GST rate rationalisation gave a "measurable" boost to consumption, and the Indian economy is on a stable footing to navigate risks and maintain growth momentum through the current fiscal, a finance ministry report said on Thursday. The Finance Ministry's Monthly Economic Review for October said that with inflationary pressures easing and recent tax reforms boosting household disposable incomes, the near-term consumption outlook appears increasingly positive. Retail inflation has reached an all-time low in the current series, dropping to 0.25 per cent in October 2025, down from 1.44 per cent in September 2025. The decline can largely be attributed to the complete impact of reduced GST rates, a favourable base effect, and significant falls in food inflation, the ministry said. "The rationalisation of GST rates has provided a measurable boost to consumption, as reflected in the strengthening of high-frequency indicators, including higher e-way bill generation, record festive-seaso

Review medium-term debt target, make it more ambitious: IMF to Centre

In its Article 4 review, the Fund called for broader debt anchors, stronger state-level reforms and careful monitoring of tax cuts as India continues fiscal consolidation

Indian economy to grow at 6.6% in FY26, GST reform to ease tariff pain: IMF

India's economy is estimated to grow at 6.6 per cent in 2025-26, the International Monetary Fund said, noting that the Goods and Services Tax reforms are likely to help cushion the country from the adverse impact of the 50 per cent tariffs imposed by the US. "India's economy has continued to perform well. Following the economic growth of 6.5 per cent in fiscal year 2024/25, real GDP expanded by 7.8 per cent in the first quarter of fiscal year 2025/26," the IMF said in a statement after its Executive Board completed an annual assessment for India. The International Monetary Fund (IMF) said that looking ahead, India's ambition to become an advanced economy can be supported by advancing comprehensive structural reforms that enable higher potential growth. Despite external headwinds, growth is expected to remain robust, supported by favourable domestic conditions, it added. "Under the baseline assumption of prolonged 50 per cent US tariffs, real GDP is projected to grow at 6.6 per cent

India on track to surpass $4 trn GDP in FY26: CEA Anantha Nageswaran

Nageswaran noted that the country should register growth and progress with the environment taken into account

Indian economy to surpass $4 trillion in FY26, says CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran on Tuesday said the size of Indian economy is expected to cross USD 4 trillion in current fiscal. He said with the geopolitics in a "huge state of flux", economic growth is very vital prerequisite to maintain India's standing and leverage in the global scheme of things. India currently is the fifth largest economy in the world with a GDP of around USD 3.9 trillion. Speaking at the IVCA Green Returns Summit 2025, Nageswaran said the Indian economy is already sort of crossing the USD 4 trillion mark, in the course of the current financial year, from USD 3.9 trillion at the end of March 2025. "So, whatever we do with respect to greening the economy, energy transition, environment, dealing with climate change and climate volatility have to be aligned with our priorities, both in the near term and the medium term," he said. Nageswaran said the country is well aware of the potential consequences of global warming and climate change and more ..

India's economy grew at 7.3% in Q2 on rural and govt spending boost: Poll

India remains one of the world's fastest-growing major economies in the face of US President Donald Trump raising tariffs on Indian goods to 50 per cent in August

RBI net sells $21.7 billion in H1FY26, against $85.11 billion in H1FY25

During the current financial year, the RBI was a net buyer of the greenback only in May, while it remained a net seller in the other five months

Exports and domestic demand to drive steady growth for pharma SMEs in FY26

Rising US and EU demand is set to drive SME-led growth, though tougher compliance rules may test smaller firms

Datanomics: India's nominal GDP growth rate likely to remain subdued

Lower deflators are expected to lift real growth again, offsetting weak corporate numbers and muted nominal expansion

Economy picked up steam in Oct on GST rejig, festival spends: RBI bulletin

Measures undertaken this yr pave way for virtuous cycle

Coverage under QCO is not enough to make an item 'restricted' under FTP

Relaxation covers exports still within 15 months as of Nov 13, 2025; FTP rules clarify quality-control imports, re-exports and refunds

Rupee recovers as RBI intervention cools pressure from strong US dollar

The rupee clawed back some losses after the RBI intervened heavily in spot and NDF markets, helping arrest its slide toward 90 per dollar even as global dollar strength

S&P pegs India's FY26 GDP growth at 6.5%; tax cuts to drive consumption

S&P Global Ratings on Monday projected India's economy to grow 6.5 per cent in the current fiscal year and 6.7 per cent in the next, saying tax cuts and monetary policy easing will give a boost to consumption-driven growth. India's real gross domestic product (GDP) is estimated to have grown at the fastest pace in five quarters at 7.8 per cent in the April to June period of current fiscal year. The official data for Q2 (July-September) GDP growth estimates is scheduled to be released on November 28. "We anticipate that India's GDP will grow by 6.5 per cent in fiscal year 2026 (ending March 2026) and 6.7 per cent in fiscal 2027, with risks evenly balanced. Domestic growth remains robust, driven by strong consumption, despite the impact of US tariffs," S&P said in its Economic Outlook Asia-Pacific report. The RBI has projected India's GDP growth in the current fiscal year at 6.8 per cent, better than 6.5 per cent expansion in last fiscal year. S&P further said if India can ..

Little incentive to grow pulses: Poorer economics versus competing crops

Rising imports, shrinking acreage, and low profitability show why another mission may struggle unless pulses farming becomes economically viable for growers

India breaks into global quick commerce top 3, behind only China and US

Statista projects India's qcom revenues to double to $11 billion by 2030 as user numbers rise and platforms expand into more cities

India diversifies exports as shipments to US decline: SBI research report

Share of India's merchandise exports to other countries increased as shipments to the US declined since July 2025, indicating diversification of export basket across product categories, according to an SBI research report. India's total merchandise exports during April-September 2025 inched up by 2.9 per cent to USD 220 billion compared to USD 214 billion in the year-ago period, the report said. Cumulative exports to the US also registered a growth of 13 per cent to USD 45 billion in the April-September period from USD 40 billion in the year-ago period, though there could be some front-loading effects to the aftermath, with September figures registering negative year-on-year growth of about 12 per cent, said 'Ecowrap', the SBI's research report. The report further said the share of the US in India's exports has been declining since July 2025, falling to 15 per cent in September, mainly because of a decline in exports of marine products, precious and semi-precious stones, ready-made

New Labour Codes to address grievances in IT industry properly: Nasscom

The industry body said the Codes will bring clearer terms, stronger protections and uniform benefits for contract, gig and platform workers

India's core sector momentum stalled as output hits 14-month low in October

Energy-sector contractions wiped out gains in construction-linked industries, leaving overall output unchanged from last year

Confident of good trade deal with US, says RBI Governor Sanjay Malhotra

Governor Sanjay Malhotra says the central bank supports innovation but will prioritise systemic stability as crypto decisions rest with the government

Confidence in India's logistics cost: The story of economic transition

A credible nationwide study overturns the 13-14 percent narrative, shows India now on par with advanced economies, and sets the stage for deeper multimodal reforms