Department of Economic Affairs (DEA) Secretary Anuradha Thakur on Saturday expressed confidence that India will meet its fiscal deficit target of 4.4 per cent for 2025-26, despite the first quarter showing a wider deficit than last year.
Robust Q1 GDP growth underlines the basic resilience and the strengthening of the momentum in the economy, which is anchored in strong macro-economic fundamentals, a senior government official said on Saturday.
After the release of the first quarter GDP numbers, RBI Governor Shaktikanta Das on Saturday stated that India's growth story is intact. The governor was speaking at the National CA Conference in Bhubaneswar, Odisha.
Indian stock indices extended their gains from the previous week and opened on a positive note Monday, with all sectoral indices tracking in the green.
Indian stock indices started Friday’s trade on a marginally positive note, with Nifty auto, Nifty metal, Nifty media, and Nifty oil and gas among the sectoral indices gaining the most.