Economic Growth

September 15, 2025 3:53 PM

Sustainability is non-negotiable in India’s growth journey: Piyush Goyal

Union Minister of Commerce and Industry Piyush Goyal on Monday reaffirmed India’s commitment to sustainability, calling it a “non-negotiable” pillar of the country’s growth story. Speaking at the inauguration of the International Electrotechnical Commission (IEC) General Meeting Exhibition organized by the Bureau of Indian Standards (BIS), Goyal emphasized that India’s development model is rooted in harmony with nature and long-term environmental responsibility. “Every Indian intri...

September 4, 2025 8:44 AM

‘Will boost economic growth, support India’s vision of Atmanirbhar Bharat’: Hardeep Puri lauds GST reforms

Lauding the Centre's landmark decision to slash and rationalise GST rates, Union Minister Hardeep Puri on Thursday said that these changes will boost economic growth and further support India's vision of 'Atmanirbhar Bharat'. In a post on X, the Union Minister stated that these reforms aim to improve the ease of living for citizens, adding that it will focus on creating a stable, transparent, and growth-oriented tax system that will benefit farmers, the middle class, MSMEs, and businesses."As a...

September 2, 2025 3:24 PM

Banking sector crucial to India’s growth story: President Murmu

President Droupadi Murmu on Tuesday highlighted the pivotal role of the banking industry in India’s economic growth while addressing the 120th foundation day celebrations of City Union Bank in Chennai, Tamil Nadu. Speaking at the event, the President said India is among the fastest-growing large economies in the world and the banking sector has been central to its growth journey. “The role of banks has expanded beyond financial transactions. They are not just custodians of wealth but provid...

August 25, 2025 10:35 PM

Self-reliance key to India’s progress, says PM Modi in Ahmedabad

Prime Minister Narendra Modi today reaffirmed that self-reliance and Swadeshi are the foundation of building a developed India. Speaking in Ahmedabad, the Prime Minister invoked the ideals of Mahatma Gandhi, whom he described as the “Charkhadhari Mohan” of Sabarmati. “India has made self-reliance the foundation of building a developed nation. This is possible only through the strength of our farmers, fishermen, livestock rearers and entrepreneurs,” PM Modi said. He criticised those who...

July 11, 2025 1:06 PM

India’s economic growth on track despite global challenges: report

India’s economic growth continues to remain on track despite global uncertainties, supported by improvements in key high-frequency indicators in both the services and manufacturing sectors, according to a report by Bank of Baroda released on Friday. The report notes that consumption has gained momentum in the first quarter (Q1) of FY26 compared to the previous quarter. Higher steel consumption, a rise in electronic imports, and increased central government revenue expenditure have contributed...

July 7, 2025 3:52 PM

India’s economic growth stands out amid global volatility

India has solidified its position as the world's fastest-growing major economy, with real GDP growth estimated at 6.5% in 2024–25 - a pace expected to continue into 2025–26, according to the Reserve Bank of India. This robust performance comes at a time when global economic uncertainty continues to loom. Fuelled by strong domestic demand, easing inflation, and rising exports, the Indian economy has shown resilience across sectors. Key economic indicators - including record-high foreign exch...

June 15, 2025 10:46 AM

India on track to become world’s third-largest economy by 2029: Sarbananda Sonowal

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal said on Saturday that India is firmly on track to become the world’s third-largest economy by 2029, crediting 11 years of Prime Minister Narendra Modi’s “decisive and corruption-free” governance for triggering an “unstoppable surge” in national development. Addressing a press conference in Dibrugarh to mark the NDA government’s 11th anniversary, Sonowal said that India has moved past an era of 'policy paralysis and...

June 6, 2025 12:14 PM

RBI pegs India’s GDP growth at 6.5% for 2025-26

The Reserve Bank of India (RBI) has projected India’s Gross Domestic Product (GDP) growth at 6.5 per cent for 2025-26, with domestic economic activity showing resilience on the back of a strong agriculture sector, industry picking up, and the services sector expected to maintain momentum. The quarterly growth rates projected for the financial year are: Q1 at 6.5, Q2 at 6.7, Q3 at 6.6 and Q4 at 6.3 per cent. “The provisional estimates released by the National Statistical Office (NSO) placed...

April 17, 2025 9:01 PM

India’s economic fundamentals strong, growth outlook bright: industry leaders

India’s economic growth story is set to gain further momentum, underpinned by strong fundamentals, robust policymaking, and a skilled workforce, according to top industry leaders. On the sidelines of the 120th anniversary celebrations of the PHD Chamber of Commerce and Industry (PHDCCI), the leaders voiced confidence in the country’s economic trajectory under the third term of Prime Minister Narendra Modi’s government. Raghupati Singhania, Chairman and Managing Director of JK Tyre & ...

February 27, 2025 5:32 PM

National Geospatial Policy: liberalizing access to geospatial data

The National Geospatial Policy (NGP), announced by the Centre on December 28, 2022, seeks to liberalize access to geospatial data, foster innovation in governance, business, and academia, and drive India toward its vision of a self-reliant "Viksit Bharat" by 2047. A key objective of the NGP is to establish a high-resolution topographical survey and mapping system by 2030, along with creating a highly accurate Digital Elevation Model (DEM) for the entire country. The policy outlines a strategic...