The automotive sector is expected to perform well in the coming years, especially in the two-wheeler (2W), tractor, and SUV segments, according to Nuvama report.
The credit growth of Scheduled Commercial Banks (SCBs) has moderated to 9.6 per cent as on 13 June 2025, a sharp decline from 19.1 per cent recorded a year ago, according to a recent report by the State Bank of India (SBI).
India's trade deficit is likely to widen to USD 300 billion in the financial year 2025-26, even though oil prices are expected to remain moderate, according to a recent report by ICICI Bank.
The PHDCCI report added that with an average real GDP growth of more than 8 per cent from 2021 to 2024, India has consistently outpaced all G7 countries: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
Union Minister for Coal and Mines G Kishan Reddy, reaffirmed the Government of India's full support to the mineral- and coal-rich North Eastern states at the 2nd North-East Mining Ministers' Conclave in Guwahati.
NV Subash recalled Narasimha Rao's "bold steps" in implementing the economic liberalisation policy. He highlighted how Rao's vision, supported by BJP leaders like LK Advani, Atal Bihari Vajpayee, and Murli Manohar Joshi, shaped the country's economic growth.
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India's private consumption has shown strong growth, reaching the highest share in the country's GDP in the past two decades, according to the latest monthly report released by the Ministry of Finance.
Credit growth in the economy is influenced more by overall economic activity than by the size of the liquidity surplus, according to a recent report by Standard Chartered, an international bank.
In a post on social media X, Kharge wrote that Rao's far-reaching economic liberalisation policies were instrumental in "catalysing an era of unprecedented national growth."