A significant drop in inflation, a healthy crop outlook, a normal monsoon, and changes in monetary policy have created a positive outlook for FY26 across sectors such as automobiles, consumer durables, FMCG, and building materials, noted a report by Centrum.
High-frequency indicators point towards resilient economic activity in India across the industrial and services sectors, even as global economy is in a state of flux, reeling from the twin shocks of trade policy uncertainties and a spike in geo-political tensions, RBI said in its monthly bul
Union Minister of Commerce and Industry Piyush Goyal stated that India will become the third-largest economy by 2027 and become a USD 5 trillion economy in the next three years.
India's economy continues to demonstrate resilience amid global uncertainties, as country's real GDP grew by 7.4 per cent in the fourth quarter of FY25, bringing full-year growth to 6.5 per cent, surpassing expectations, according to the recent report by CareEdge Economic Pathways report.
Addressing a press conference in Dibrugadh to mark the NDA government's 11th anniversary, the senior Bharatiya Janata Party (BJP) leader and Union Minister said that India has emerged from an era of "policy paralysis and dynastic politics" and is now driven by welfare-led growth, youth-power
This year, the Reserve Bank of India (RBI) slashed policy rates by 100 basis points and cut CRR by 100 basis points, thereby injecting significant liquidity into the financial system.
The speakers at the event underscored the urgent necessity for a strategic overhaul of India's existing economic frameworks and the rural development and industrial expansion was also considered as a vital means to acheive $7-8 trillion economy by 2030.
"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.
BJP MP Tejasvi Surya, who is part of the all-party delegation led by Congress MP Shashi Tharoor, on Wednesday (local time) emphasised India's resolve to counter Pakistan's state-sponsored proxy war, noting that the neighbour as a nation has "nothing to lose", likening its economic state t
After India officially became the world's fourth-largest economy, Union Minister Jitendra Singh called the achievement "very good news" for the country, crediting Prime Minister Narendra Modi's "farsighted leadership" and the strategic use of technology for the economic progress.