"All in all, given the global environment, our economy is doing quite well," the CEA told reporters at a virtual press conference, soon after the GDP data for 2024-25 and January-March were released.
As was widely expected, the Indian economy grew by 6.5 per cent in real terms in the recently concluded financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.
India's manufacturing sector has to grow 15 per cent annually if it has to contribute at least 25 per cent to India's GDP (or USD 7.5 trillion) through Viksit Bharat 2047, NITI Aayog CEO BVR Subrahmanyam said on Friday.
"Operation Sindoor not only brought the whole nation together but also became a symbol of Aatmanirbhar Bharat. It became a defining moment for our defence manufacturing capabilities under the major India program, showing the world what India can do, and also demonstrated to the world that In
India is expected to be the primary engine of global economic growth in 2025 and 2026, according to a report of the World Economic Forum (WEF), Chief Economists Outlook.
As per a report by ICICI Bank, this marked a stronger growth momentum in the second half of the financial year compared to the first half, powered by a rise in government spending and a pick-up in rural demand, domestic travel and services exports.
As India surpassed Japan to become the fourth-largest economy in terms of nominal GDP, Andhra Pradesh Chief Minister Chandrababu Naidu on Sunday called for all states to unite and work together to achieve the goal of Viksit Bharat 2047.
NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam said that India has overtaken Japan to become the world's fourth-largest economy, citing data by the International Monetary Fund.
The growth rate of the Indian economy in the fourth quarter of the financial year 2025 will clock 7.0 per cent, with an uptick from the third quarter (Q3 FY25) of 6.2 per cent, according to a report by Union Bank of India (UBI).
The fiscal deficit of the central government could ease by 20 to 30 basis points from the budgeted level of 4.5 per cent to 4.2 per cent of GDP by the bumper dividend transfer by Reserve Bank of India, according to a report by State Bank of India
The market capitalization of companies listed on the National Stock Exchange (NSE) has grown nearly six times in the past 11 years, said Ashish Kumar Chauhan, MD and CEO of NSE.
Global rating agency Fitch Ratings has raised India's medium-term growth potential by 0.2 percentage points to 6.4 per cent, while it has reduced China's growth projection by 0.3 per cent to 4.3 per cent from 4.6 per cent.