According to the rating agency, public sector investments and spending made by the government in the Union Budget announcements after the pandemic have paid off, with fixed investments being the key driver of GDP growth until the fiscal year 2024.
Karnataka Chief Minister Siddaramaiah presented the state budget for the financial year 2025-26 in the Legislative Assembly, allocating a sum of Rs. 51,034 crores for the implementation of various guarantee schemes in the current fiscal year.
India's real gross domestic product (GDP) growth would be steady at 6.5 per cent in fiscal 2026 despite uncertainties stemming from geopolitical turns and trade-related issues led by US tariff actions, said Crisil Intelligence on Thursday.
Mumbai (Maharashtra) [India], March 4: The National Accreditation Body for Cold Chain Management (NAB-CCM) has officially launched its platform, bringing together industry, academia, government, and social bodies to enhance cold chain compliance in the pharmaceutical and life sciences indust
India's economy is expected to grow at a much better pace in the fourth quarter of FY25, supported by strong government spending, a recovery in the rural economy, and a likely increase in private investment, according to a report by Centrum.
The central government is on course to meet its fiscal deficit target of 4.8 per cent of GDP for the financial year 2024-25 (FY25), according to a report by Bank of Baroda.
India's domestic demand is expected to remain resilient, supported by the personal income tax concessions announced in the 2025 Union budget and the repo rate cut initiated by the Reserve Bank of India, S&P Global Market Intelligence said in a note.
India's economy is expected to see a boost in Q4FY25, supported by a sustained increase in government spending and capital expenditure (Capex), alongside a pickup in consumption driven by the Maha-Kumbh and wedding season, according to a report by Union Bank of India.
The Indian economy grew by 6.2 percent in real terms in the October-December quarter of the current financial year 2024-25, government data showed on Friday.