Economic Growth

The multilateral funding agency also revised downwards its forecast for the next financial year (FY26) to 7 per cent from 7.2 per cent estimated earlier

Still much work to be done on financial inclusion: Malhotra

In the absence of meaningful private investment and job creation, India is slipping back into its pre-Covid-19 rut, and its economic czars are once again publicly refusing to acknowledge the slowdown

Malhotra, 56, will take over as governor today at a time when there is growing clamour for an interest rate cut to support slowing economic growth

Outgoing RBI Governor Shaktikanta Das reflects on six years at the helm as Sanjay Malhotra prepares to take over

The world has no doubt moved ahead on its journey to build a low-carbon economy and this cannot be reversed so easily

Of the belief that India is headed to be a USD 55 trillion economy by 2047, India's Executive Director at the IMF Dr K V Subramanian on Thursday said India's growth offers phenomenal opportunities to American investors. Subramanian said this during the launch of his latest book India@100: Envisioning Tomorrow's Economic Powerhouse. The opportunities that are available for the American investors actually are phenomenal., I don't think there is any other economy that is actually going to be providing this kind of return over the next 20 to 25 years, he said at the launch event organised by US India Strategic and Partnership Forum (USISPF) here. Investors who have an eye on India have the opportunity to actually not double but triple their money, the top economist said. They have the opportunity to grow their money 15 to 20 times, I think that is something that is important, said Subramanian, who previously was India's Chief Economic Advisor. In his book, Subramanian explores how In

DRI must continuously adapt to these evolving trends, inter alia, utilising international collaboration and advanced intelligence-gathering techniques

The steel industry is clearly in a down-cycle

The Congress on Saturday attacked the government over India's economic growth slowing to near two-year low, saying the country's medium and long-term economic potential is "eroding rapidly" and asked how long will the grim reality of stagnant wages for crores of workers continue to be ignored. Congress general secretary in-charge communications Jairam Ramesh said the GDP growth figures released last evening for July-September 2024 are much worse than anticipated, with India recording a measly 5.4% growth and consumption similarly growing by an unimpressive 6%. "The non-biological PM and his cheerleaders are wilfully blind to the causes of this sharp slowdown, but a new report on 'Labour Dynamics of Indian States' released by a leading Mumbai-based financial information services company, India Ratings and Research, on the 26th of November 2024 reveals its real cause: stagnant wages," Ramesh said in a statement. The Congress leader pointed out that the report uses Periodic Labour Forc

Slowdown prompts calls for policy rate cuts in February

The state's rapid growth, spanning economy, tourism, agriculture, and MSMEs, is credited to 'Yoginomics' by state policymakers

S&P Global Ratings on Monday revised down its estimate for India's economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies after US election results, the rating agency projected a 6.7 per cent GDP growth rate in 2025-26 financial year (April 2025 to March 2026) and 6.8 per cent in the following fiscal year, down from 6.9 per cent and 7 per cent, respectively in previous projections. For FY25, S&P Global pegged GDP growth rate at 6.8 per cent. "In India we see GDP growth easing to 6.8 per cent this fiscal year as high interest rates and a lower fiscal impulse temper urban demand. While purchasing manager indices (PMIs) remain convincingly in the expansion zone, other high-frequency indicators indicate some transitory softening of growth momentum due to the hit to the construction sector in the September quarter," it said. The agency expects India's GDP to

The Indian currency has held its position as one of the least volatile among major currencies, and the forex reserves stand at about $675 billion-among the five largest in the world, the minister said

Using the widest variety of data available should give a more thorough picture of growth trends

Record production estimates for kharif foodgrains as well as promising rabi crop prospects augur well for farm income and rural demand, going forward

During the June quarter of FY25, the economy grew 6.7 per cent

The underperformance of the state is largely due to its key economic centres, not letting the state take advantage of its underlying strengths

In the case of India, this transition of employment has been relatively slow: the share of agricultural employment is higher and has been slower to fall than in many emerging economies

BS BFSI Summit: While food inflation is a prominent factor in India's economic policy, global influences, particularly from the US Fed, cannot be overlooked, say economists at Business Standard summit