Digitisation, reforms, financial inclusion are among several factors that have contributed to India's economic growth over the past decade, economists have said as IMF data, cited by BJP leader Amit Malviya, showed that the country doubled its GDP from USD 2.1 trillion in 2015 to USD 4.3 tri
India has reached a remarkable economic milestone, doubling its GDP from USD 2.1 trillion in 2015 to an impressive USD 4.3 trillion in 2025, marking an extraordinary 105 per cent growth that stands unmatched by any other major global economy, said BJP leader Amit Malviya.
Russian President Vladimir Putin urged Russian businesses to actively participate in BRICS projects, emphasising the bloc's growing economic influence. He highlighted BRICS' 4.9 per cent GDP growth in 2024 and stressed the importance of cooperation in energy, finance, and industry.
The report says that the states are likely to spend less in the Financial Year (FY) 2025, to check the fiscal deficit-to-GDP ratio (by 20-30bps) than the budgeted 3.2 per cent.
Pune (Maharashtra) [India], March 19: Gera Developments Private Limited (GDPL), pioneers of Real Estate business, and award-winning creators of premium residential and commercial projects in Pune, Goa, Bengaluru and California (USA), performed the auspicious Bhoomi Poojan for 'Gera's Joy on
Fitch Ratings has revised India's growth rate for FY25-26 to 6.5 per cent and to 6.3 per cent for FY26-27 in its March Edition of the Global Economic Outlook because of the US-imposed global trade war. However, it adds that India is somehow insulated because of its self-sufficiency.
"You have to revitalise existing cities just to give you a perspective, the GDP of Mumbai today is more than the GDP of 18 Indian states, and the GDP of one city in UP, that's Gautam Buddh Nagar, Noida, and Greater Noida is 12 times more than the second biggest city of UP, that's Kanpur.
India's current account deficit is likely to see a sharp downside risk for FY25 GDP, as seen in the sharp positive surprise in February trade data according to a report by the Union Bank of India (UBI). India's trade deficit for February 2025 has seen a rare surplus of USD 4.4 billion.
"With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country will remain heavily reliant on fossil fuels, including oil, to meet its needs," said the report.
The GDP growth of the US economy is expected to slow down gradually over the next three years, according to a report by S&P Global Market Intelligence.
India's capital expenditure (capex) growth is expected to moderate to single digits over the next two years after witnessing strong growth in recent years, according to a report by SBI Mutual Fund.