RBI says household debt rose to 41.3% of GDP at end-March 2025, led by consumption-oriented retail loans, even as net financial savings improved in Q4 FY25
India's consumption story spans mass and class markets alike, with demand spread across regions and incomes, calling for better tracking of household cash flows rather than outdated binaries
Once known for controversial land acquisition, the Kalinganagar industrial unit in Odisha now accounts for as much as 20% of approved new investments in the state. But for many locals, unease persists
10 states with the highest debt to GSDP ratio have debt levels above 30% of GSDP
CareEdge Ratings expects 7% growth in FY27, citing a possible US-India trade deal, low inflation and strong capex, while warning US tariffs could weigh on goods exports
Study by NCAER and Prosus finds sector growing faster than economy, boosting restaurants and labour markets
The finance minister stressed that fiscal management remains a priority and must be consistently upheld year after year
For the RBI, it makes its job very difficult. To target inflation effectively, the RBI must set interest rates based on its inflation outlook
The report concluded that although international policy consensus was shifting towards multiple-target, multiple-instrument frameworks, India should first focus on reducing the then high inflation
The Chinese leader also warned that 'inefficient' investment, which results in projects being abandoned as soon as they are completed, must be prevented
India may see a goldilocks 2026 with strong growth and low inflation, but sustaining this balance will hinge on reforms, RBI policy support, fiscal consolidation and easing external pressures
India, with a high GDP growth and recent GST reduction, presents "massive" opportunities for British multinational consumer goods maker Unilever and its Indian arm Hindustan Unilever, according to a top company official. The companies believe they will be the main beneficiaries of a much more dynamic economic environment in India, said Unilever Chief Executive Officer Fernando Fernandez. Indian consumption was significantly affected over the last three years due to double-digit food inflation, said Fernandez in a JP Morgan Fireside Chat. "I feel the government in India has taken very relevant measures lately. So, GST reduction, that is the VAT of India, personal income tax reduction, interest rate reduction, when the government does something like this, it's because things in the economy are not right, and really that's what's happening the last couple of years," he said. Moreover, there is some food deflation and have seen immediately in the Indian GDP growth. "I think in the las
Brookfield commits ₹75K cr for Bharat Future City
Chief Economic Advisor V Anantha Nageswaran expressed hope that the currency will recover next year
Economists reckon this recovery could be a sign of the broadbasing of consumption in the economy, with rural consumption leading the way
Real GDP for the quarter stood at ₹48.63 trillion, up from ₹44.94 trillion in Q2 FY25
The report pointed to a range of factors driving the fall in the birth rate - from shifts in social norms to a reduction in women's career earnings from having a baby
India remains one of the world's fastest-growing major economies in the face of US President Donald Trump raising tariffs on Indian goods to 50 per cent in August
Healthcare industry body NATHEALTH has asked the government to increase public spending on healthcare to over 2.5 per cent of GDP with urgent action to tackle non-communicable diseases, including tax deductions of up to Rs 10,000 on individuals for preventive health check-ups. In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage. The recommendations call for a balanced mix of fiscal support, structural reforms, and public-private collaboration to build a robust, future-ready health system, it said in a statement. In its recommendations, NATHEALTH asked the sector to be declared 'core infrastructure' and create a healthcare infrastructure fund of Rs 50,000 crore, saying currently there is limited access to long-term, lower-cost capital for hospitals and diagnostic networks. New projects have long gestational periods requiring flexible mid-term ...
India Ratings & Research (Ind-Ra) on Wednesday projected India's GDP to grow at 7.2 per cent in the second quarter of the current fiscal, with private consumption being the leading growth driver. The Indian economy had expanded 5.6 per cent in the Q2 (July-September) of 2024-25 fiscal. India's real Gross Domestic Product (GDP) is estimated to have grown at the fastest pace in five quarters at 7.8 per cent in the April to June period of the current fiscal. The National Statistics Office (NSO) is slated to release the official data on FY26 Q2 GDP growth estimates on November 28. In a statement, Ind-Ra said it expects GDP growth to remain robust at 7.2 per cent year-on-year in the second quarter of FY26. "From the demand side, private consumption is a leading growth driver due to steady real income growth both in upper- and lower-income households. The resilient services sector along with the favourable base-led goods exports growth in the manufacturing sector propelled GDP growth .