Indian Economy

Will Budget 2025-26 fulfil promises on fiscal deficit and reforms?

The big question is whether the finance minister will revert to the fiscal consolidation timelines or medium-term projections as provided under the Fiscal Responsibility and Budget Management Act

India's economy faces slower growth in 2025, macro risks intensify

In 2025, macro policies will need to support domestic demand, but without compromising on macrofinancial stability risks

Congress attacks Modi govt over rising food prices, spiraling inflation

The Congress on Monday took a swipe at the Modi government over "rising" prices of food items, saying the bullet train announced by it has not arrived but the inflation, which is spiralling upwards faster than the speed of a bullet train, has broken the back of the common person. Congress general secretary in-charge communications Jairam Ramesh said the people want answers not more "jumlabaazi (rhetoric)". He shared a media report on X which claimed that the rates of daily essential goods are increasing day by day and in the last one year, the prices of flour, oil, spices and dry fruits have increased by one and a half to two times. "The bullet train announced by the Modi government has not arrived, but the inflation, which is spiralling upwards faster than the speed of a bullet train, has broken the back of the common person," Ramesh said in his post in Hindi on X. "Inflation has doubled and tripled in the last ten and a half years. Vegetables, flour, oil, spices and everyday item

India's top economic moments in 2024: Women welfare to foreign inflows

Year ender 2024: India has maintained its position as the fifth-largest economy and continues to be one of the fastest growing economies in the world. Here's how 2024 panned out for the country

2024 financial wrap: Inflation, GDP, and RBI's regulatory vigilance

The overarching theme of this year has been the RBI's new approach to vigilance

India must use tech to decouple carbon emissions amid economic growth: EDF

As India experiences rapid economic growth, the need to decouple carbon emissions from economic expansion by leveraging technology has become increasingly urgent, according to Hisham Mundol, the Chief Advisor for the Environmental Defense Fund (EDF) in India. In an interview with PTI, Mundol stressed the transformative role technological innovation can play in achieving sustainable development while addressing the challenges posed by climate change. India, the world's fifth-largest economy, is currently undergoing a period of swift industrialisation and economic expansion. Its Gross Domestic Product (GDP) has consistently grown at rates that position it as one of the fastest-growing major economies. However, this rapid progress comes with a surge in energy demand, predominantly fuelled by coal and other fossil fuels. Although India's historical contribution to global carbon emissions remains modest -- at just 4 per cent -- its future emissions trajectory is under global ...

India to grow 6.6% in FY26, driven by investments, easing rates: Ind-Ra

India Ratings and Research (Ind-Ra) on Wednesday projected the Indian economy to grow at 6.6 per cent in 2025-26, up from 6.4 per cent in the current fiscal year. Ind-Ra believes investments will be a key growth driver for the Indian economy in FY26, like in FY22 and FY24. The Indian economy has experienced a cyclical growth slowdown in the past three quarters, which it expects to reverse from the December quarter. The GDP growth till FY24 was impacted by the aftereffects of Covid-19, even the base effect impacted the quarterly GDP growth. While the June quarter GDP growth of FY25 was impacted by the combination of a strong base effect and the general elections in May 2024, the growth in the July-September period witnessed the extended impact of weak private sector capex. Ind-Ra believes that the Indian economy is facing monetary, fiscal, and external tightening. While it expects monetary conditions to ease now, the fiscal and external tightening is expected to continue in FY26 as

NITI Aayog invites EoI for doing research on 'cost of doing biz in India'

Government think tank NITI Aayog has invited expression of interest for undertaking research on 'Cost of Doing Business in India' (CoDB), as India faces strong competition from countries like Vietnam, China, and Indonesia, which offer lower operational costs in key sectors. In a notice, Niti Aayog said the cost of doing business is a pivotal factor influencing the competitiveness of an economy, encompassing the expenses businesses incur to establish, operate and expand. "For a rapidly growing economy like India understanding these costs is essential to fostering a conducive business environment and attracting investment. "Despite India's significant reforms to improve its business climate, it faces strong competition from countries like Vietnam, China, and Indonesia, which offer lower operational costs in key sectors," it said. According to the notice, in the wake of the pandemic, shifts in global trade, investment, and supply chains, coupled with growing concerns about economic an

Nehru, Indira's policies hurt Indian economy for first five decades: FM

In her nearly 80-minute speech, Sitharaman said the Congress keeps questioning the Sangh Parivar about its role during the freedom movement

Economy ends 2024 strong as business growth reaches 4-month high, shows PMI

Asia's third-largest economy grew a softer 5.4 per cent last quarter, but easing inflation is expected to spur demand among private sector firms

Less inequality can push growth, poverty alleviation in India: Piketty

Piketty advocated a wealth tax on Indian billionaires to finance social infrastructure

As economy grows, Indian banks will have to expand dramatically: Kamath

Indian banks have a healthy return on equity (ROE) rate of 15 to 20 per cent, which is sufficient for the sector to grow and meet the capital requirements to 'bulk up'

'Should not be concerned much about imports as long as exports' grow'

India should not be overly concerned about imports as long as exports' share continues to grow, Commerce Secretary Sunil Barthwal said on Thursday. He also said the world needs to avoid protectionism which creates more trade barriers and hinders movement of goods. The secretary said that one needs to avoid the mercantilist approach and should not bother too much about trade balance and imports. "Because if the Indian economy is growing at 7 per cent and if the world is growing at 3-3.5 per cent rate of growth then obviously India will be requiring more of consumption, more of imports and let me tell you that the role of imports in exports is also very very important," he said at a CII event. Imports of raw materials and intermediate products are essential, he said. "As long as we are able to improve our exports share, we should not be too much concerned about imports and that is what I feel that we need to avoid," he added. Further, Barthwal said developed countries are confused

India's economic growth by end of this fiscal will be back on track: Goyal

Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India's economic growth by end of this fiscal will be back on track despite global uncertainties. He said that this year also India will be the world's fastest growing economy. "We had an election in the first quarter and during the election, obviously policy making and decisions on next steps of growth or infrastructure spending does slow down and there is a lag effect. "But from what the initial numbers for this quarter, the third quarter show, the festive spending, the rebound in rural growth, the way banks are now seeing traction back again, the way infrastructure spending has come back on track, I think by the time we close the year in March, we will be back on track," Goyal said at Times Network's India Economic Conclave here. The minister was replying to a question whether the 5.4 per cent GDP growth in the July-September quarter of this fiscal worries him. The latest government data showed ..

India needs $2.2 trn investment to be $7 trn economy by 2030: Knight Frank

India will require an investment of USD 2.2 trillion for infrastructure development to become USD 7 trillion economy by 2030, Knight Frank India said on Thursday, while stressing on the need of radical measures to encourage private participation in this area. Real estate consultant Knight Frank India released a report, 'India Infrastructure: Reviving Private Investments', which mentioned that "an estimated investment of USD 2.2 trillion into infrastructure development is imperative to support India's GDP size to expand to USD 7 trillion by 2030." To achieve an economic size of USD 7 trillion by 2030, India's economy is required to grow at a CAGR of 10.1 per cent between 2024-2030, it added. Knight Frank India CMD Shishir Baijal said, "Strong impetus on infrastructural development and increased budgetary allocation by government has led to India's ranking in the Logistics Performance Index (LPI) improve from 54 in 2014 to 38 in 2023." In the last few years, he said, there has been .

Stable govt, GDP growth to help India get FPIs: Barclays' Prez Dainton

India has a demographic advantage and substantial growth and a political system that is relatively calm and consistent, Stephen Dainton, President of Barclays Bank PLC said

Here's how India is sacrificing its growth and why it needs to stop

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

India set for resilient growth in 2025 driven by urban consumption: S&P

For 2025-26 and 2026-27, S&P Global Ratings pegged India's GDP growth forecast at 6.7 per cent and 6.8 per cent, respectively, down 20 basis points from its previous estimates

Rupee hits new low of 84.85 per dollar a day after RBI guv's appointment

Foreign exchange market participants said that state-owned banks sold dollars on behalf of the RBI at 84.85 per dollar to prevent further depreciation of the exchange rate

New RBI governor has a lot on plate: Malhotra to assume office on Wednesday

Sanjay Malhotra takes charge as 26th RBI governor at a time when headline retail inflation has shot up to 6.2%