Indian Economic Growth
Markets Today: February Mfg PMI, Q3 GDP, FIIs, Trump tariffs, Beezaasan IPO
As of 6:40 AM, GIFT Nifty Futures were up 79 points at 22,359, hinting at a higher start
Indians must work hard to achieve a $30 trn economy by 2047: Amitabh Kant
Indians must work hard to achieve the ambitious target of making India a USD 30 trillion economy by 2047, former Niti Aayog CEO Amitabh Kant has said. Joining the ongoing debate on working hours, India's G20 Sherpa said Japan, South Korea and China have achieved economic success through a strong work ethic and suggested that India must cultivate a similar mindset to build a world-class economy. "I strongly believe in hard work. Indians must work hard, whether it's 80 hours or 90 hours a week. If your ambition is to move from a USD 4 trillion to a USD 30 trillion economy, you can't do it through entertainment or by following the views of some film stars," he said while speaking at Business Standard's Manthan summit. Currently, the size of the Indian economy is around USD 4 trillion. "We have made it fashionable to talk about not working hard. Why? India must work hard to deliver projects ahead of time, with world-class excellence, without time and cost overruns," he added. Respondi
Bharat is the fastest-growing global economy in last decade: VP Dhankhar
Vice President Jagdeep Dhankhar on Sunday said the country has seen exponential economic upsurge in the last decade and has become the fastest growing global economy during this period. The Vice President made the statement while delivering the 4th P Parameswaran Memorial Lecture organised here by the Bharatheeya Vichara Kendra. P Parameswaran was one of the senior-most 'pracharaks' of the Rashtriya Swayamsevak Sangh (RSS) and a former leader of the erstwhile Bharatiya Jana Sangh. Dhankhar said that in 1989 when he was an MP and in 1991 when he was a Union Minister, the "atmosphere did not inspire us". "Now our Bharat is brimming with positivity and possibility. It is full of hope and aspirations. All around and all pervasive, we can see an ecosystem of hope and possibility. In the last decade, Bharat has seen an exponential economic upsurge," he said. He further said that the country was the fifth largest global economy and was "on its way to becoming a USD 4 trillion economy ver
Centre working in tandem with states for economic growth: Piyush Goyal
The Centre is working in tandem with all states to make India a USD 30-35 trillion economy by 2047, Union minister Piyush Goyal said on Friday, as he highlighted the investment opportunities in the country. The Commerce and Industry Minister, speaking at the Invest Kerala Global Summit (IKGS) here, sought to woo investors and will soon start talks with Bahrain for a Free Trade Agreement (FTA). There are "unmatched opportunities for growth, development and economic opportunities" in the country, Goyal said. "We are working in tandem with all states," on taking the country's economy to USD 30-35 trillion by 2047 from the current USD 4 trillion, the minister emphasised. There are differences between the BJP-led Centre and the Kerala government, which is headed by the Left Democratic Front (LDF) on various issues. Against this backdrop, Goyal said he is here to show solidarity with Kerala and also mentioned about various strides made by the state in different sectors. He urged invest
Confident of Indian economy thriving in coming decades: Qatar's Amir
Highlighting the importance of renewable energy cooperation, the Amir underscored its role in shaping future strategies between the two nations
India set to become third-largest economy in world by 2029: Haryana CM
He said that the budget presented by the Central Government will play a crucial role in empowering the four pillars of a developed India: the poor, youth, farmers and women
Modi govt's growth track record, reforms grab global attention: Joshi
Union minister Pralhad Joshi on Wednesday said Prime Minister Narendra Modi-led government's track record of growth and structural reforms over the last 10 years have attracted international attention. The Union Budget, presented on February 1, has been prepared keeping in mind the vision of a developed India by 2047 and it will prove to be the roadmap to achieving this goal, he said. The Union Consumer Affairs, Food and Public Distribution minister was addressing a press conference on the budget in Chhattisgarh's capital Raipur. We are the fifth largest economy in the world and very soon we will reach the third position. The track record of development and structural reforms of the Modi government in the last 10 years have attracted international attention, he said. Development measures have been taken in various sectors focusing on youth, farmers, the poor and women, he said. Empowerment of the middle class and working class has begun. The middle class provides strength in ...
RBI's growth, inflation projection offers comfort to markets and investors
State of government finances, concessions offered to tax-payers, and the commitment to progress on the fiscal glide path is eminently complemented by the monetary measures makes this policy different
Repo rate cut sends 'strong' signal to markets on low borrowing costs ahead
Given the current economic landscape, moderating inflation, and sluggish growth, another 25-50 bps rate cut within this calendar year remains a strong possibility
Five things stand out in Budget 2025 as it works on fiscal consolidation
As Finance Minister Sitharaman has mentioned that the revenue foregone would be Rs 1 trillion, one can assume that it would lead to Rs 70,000 crore of consumption
India considering lowering tariffs on some high-end products from US
The potential tariff cuts come just a day after US President Donald Trump criticised India, China, and Brazil for imposing high tariffs
India's digital economy set to overtake agriculture, mfg by 2030: MeitY
India's digital economy is expected to grow almost twice as fast as the overall economy, contributing to nearly one-fifth of national income by 2030, according to a MeitY report
India among top nations on CEOs confidence on investment plans: PwC survey
India is among the top countries in terms of investment plans made by CEOs and also in terms of their confidence in the country's economic growth, a global survey showed on Monday. Releasing its annual CEO survey here on the first evening of the World Economic Forum Annual Meeting, PwC said nearly 9 out of 10 Indian CEOs remain confident of economic growth as they plan headcount increases and continued AI rollout. India also remains among the top five territories (along with the US, the UK, Germany and Chinese Mainland) for global CEOs' investment plans, the survey found. Almost 51 per cent of Indian CEOs were positive about GenAI's impact on profitability, while one-third of Indian CEOs noted revenue increases from climate-friendly investments over the past five years. For more than 40 per cent of Indian CEOs, product and service innovation is the most common reinvention action in the last 5 years, PwC said. Four in 10 CEOs in India and across the world said their companies have
India to remain fastest-growing large economy in FY26, FY27: World Bank
The global economy is projected to expand by 2.7 per cent in both 2025 and 2026, the same pace as in 2024, as inflation and interest rates decline gradually
Indian economy likely to remain 'a little weaker' in 2025: IMF MD
The Indian economy is expected to be "a little weaker" in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade policy of the US. In her annual media roundtable with a group of reporters on Friday, she said global growth is expected to be steady in 2025, but with regional divergence. Georgieva said she expects the Indian economy to be a little weaker in 2025. However, she did not explain it any further. The World Economy Outlook update week will have more details about it. The US is doing quite a bit better than we expected before, the EU is somewhat stalling, (and) India a little weaker," she said. Brazil was facing somewhat higher inflation, she said. In China, the world's second-largest economy, the International Monetary Fund (IMF) was seeing deflationary pressure and ongoing challenges with domestic demand, she said. "Low-income countri
Climate change puts India's rice and wheat output at risk of 6-10% decline
Data from the National Innovations in Climate Resilient Agriculture predicts wheat yields may drop by 6-25% by the year 2100, while irrigated rice yields could fall by 7% by 2050 and 10% by 2080
RBI's new Guv initiates review of inflation, growth forecasting tools
Malhotra, who took charge last month, is asking the RBI's internal teams to include new datasets, analysis and projections in their inflation and growth forecasts
Consumer goods sector faces a muted quarter as urban demand stays sluggish
Despite these challenges, revenues for tracked companies are projected to grow 6 per cent year-on-year, primarily driven by price increases, while volume growth will stay in the low single digits
SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%
Despite projected growth rates of 6 per cent in first half of FY25, with a pickup to 7 per cent in the second half, SBI flags weak private investment as a concern to economic growth
Markets Today: FY25 GDP; Wall St. slips; Q3 results; Leo Dry Fruits listing
At 6:31 AM, GIFT Nifty futures indicated a subdued start, trading 72 points lower at 23,723, suggesting a negative opening for Indian bourses
