Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday said that India has become one of the fastest-growing economies in the world and is set to become the third-largest economy within the next two years, as it currently stands at fourth position.
He backed his argument by stating that the measures taken by the government, such as direct tax cuts, forthcoming GST tax structure reforms, and the employment-linked incentives, among others, are supportive of the overall economy.
Observers and experts of the Indian economy have hailed the first-quarter GDP growth figures, saying that the numbers are a strong sign of economic resilience.
Bharatiya Janata Party (BJP) National Spokesperson Dr. Syed Zafar Islam on Friday hailed the latest GDP figures, terming them a "slap on the face of the Opposition" and a testament to the robust growth of India's economy under Prime Minister Narendra Modi's leadership.
Industry chambers on Friday said that GDP growth of 7.8% for Q1 FY26 is a testament to the Indian economy's resilience, signals strong momentum at the start of the fiscal year and will help boost business sentiments when the country is facing global headwinds
The 50 per cent tariffs imposed by the United States on Indian goods have raised concerns about trade relations between the two countries, but India remains confident of finding a way forward, said C.B. Ananthakrishnan, Former Chairman and Managing Director of Hindustan Aeronautics Limited.
Union Commerce Minister Piyush Goyal criticised analysts and sections of the media for their negative outlook on India's economy, calling them "weak-kneed." Speaking at Bharat Buildcon, he emphasised India's rising global economic prominence, ongoing free trade agreement talks, and governmen
India's GDP for the first quarter of financial year 2026 is expected to clock a growth rate of 7 per cent, up from 6.5 per cent in the first quarter of Financial year 2025 (Q1 FY25), according to a report by Union Bank of India (UBI).
The immediate impact of the recently imposed US tariffs on Indian exports may appear limited, but the secondary and tertiary effects on the economy pose significant challenges that must be addressed, highlighted a report by the Department of Economic Affairs under the Ministry of Finance.
Rajasthan Minister Jogaram Patel expressed strong confidence in India's economic resilience in the wake of the 50% tariffs imposed by the United States on Indian exports, effective today.
The government's recent policy initiatives, including the setting up of a Task Force for Next-Generation Reforms and the forthcoming GST reforms, deregulation initiatives of the States, coupled with the sovereign rating upgrade, are set to reduce borrowing costs, attract foreign capital, and
The achievements of the Indian economy in recent years are very creditable and widely recognized, despite facing unprecedented challenges stated Reserve Bank of India Governor Sanjay Malhotra on Monday.