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INDIA ECONOMIC GROWTH NEWS

For a $5 trillion economy, India must embrace cutting-edge tech

June 07, 2025 7:42 am

A country of India’s size and capability cannot just think perpetually in terms of catching up with the developed West and the rest. It has to, instead, think in terms of moving ahead of the curve

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Ahead of Budget 2025, why India should take a conservative approach to growth

January 28, 2025 5:59 pm

Whether India's GDP per capita hits $10,000 by 2045 or 2047 makes little difference. Key is to grow for extended periods with low risk.

IMF keeps India’s FY25 GDP growth forecast unchanged at 7%

October 23, 2024 8:49 am

"In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025," the IMF said in the World Economic Outlook.

India has proved democracy can also deliver high economic growth: S Jaishankar

April 02, 2024 6:28 pm

S Jaishankar says that no one would have believed in 2014 that India would undergo such change in a decade under Prime Minister Narendra Modi.

India, the world's fifth largest economy in the world, is likely to overtake Japan to become the world's third-largest economy with a GDP of $7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI.

India to surpass Japan to become 2nd largest economy in Asia by 2030: S&P Global

October 24, 2023 3:28 pm

After two years of rapid economic growth in 2021 and 2022, the Indian economy has continued to show sustained strong growth during the 2023 calendar year.

RBI MPC member Jayanth R Varma on Tuesday said that he is 'little more' optimistic about India's economic growth than a few months ago, though concerns remain.

Little more optimistic about India's growth than few months ago: RBI MPC member

October 24, 2023 1:02 pm

RBI MPC member Jayanth R Varma said that India should be willing to accept inflation between 4 per cent and 5 per cent for several quarters as the price of avoiding a growth shock.

India will remain the fastest-growing major economy in the world in 2023-24 fiscal on the back of strong domestic fundamentals and benign inflation expectations, a finance ministry report said on Monday.

India will remain fastest-growing major economy in FY24: Finance Ministry report

October 23, 2023 4:24 pm

"Fraught geopolitical conditions can cause a general increase in global risk aversion. If these risks worsen and are sustained, they can affect economic activity in other countries, including India," the Finance Ministry said in its monthly report.

The RBI continued to maintain status quo in the key policy rate and retained the repo rate at 6.5 per cent for the fourth time in a row.

MPC meeting: RBI leaves repo rate unchanged at 6.5%

October 07, 2023 1:33 am

Unveiling the bi-monthly monetary policy review, Reserve Bank of India (RBI) Governor Shaktikanta Das said the domestic economy exhibits resilience on the back of strong demand.

India's GDP growth in 2022-23 was 7.2 per cent, lower than 9.1 per cent in 2021-22. According to Reserve Bank of India's projections, India's GDP is likely to grow at 6.5 per cent in the current fiscal year.

India to clock 6.5% GDP growth in FY24 despite high crude oil prices: NITI Aayog member

September 21, 2023 12:17 pm

The Indian economy will grow at around 6.5 per cent in the current fiscal, notwithstanding high crude oil prices and increased uncertainty due climate changes, NITI Aayog member Arvind Virmani said on Thursday.

India's economic growth will be above 6 per cent in FY24 as the country has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks, RBI MPC Member Ashima Goyal said on Monday.

India's FY24 growth to be above 6% on back of macroeconomic stability: RBI MPC member Ashima Goyal

September 18, 2023 4:30 pm

RBI MPC member Ashima Goyal said that a global slowdown reducing India's export growth, geopolitics fueling oil and food prices, and erratic weather are some of the continuing risks that the country faces.