Economy

March 26, 2025 11:53 AM

Revised RBI priority sector lending norms to further boost economy: SBI report

The recent amendments to the priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) are expected to accelerate economic growth and strengthen key sectors such as MSMEs, agriculture and allied industries, housing, and exports, according to a report by SBI Research released on Wednesday. This week, the RBI issued revised PSL guidelines to facilitate better targeting of bank credit toward priority sectors. The new guidelines will come into effect from April 1. According to th...

March 6, 2025 5:04 PM

India’s economy poised for 6.5% growth in fiscal 2026 despite global uncertainties: crisil

India's real GDP growth is expected to hold steady at 6.5% in fiscal 2026, even as geopolitical uncertainties and trade-related disruptions, particularly US tariff actions, pose challenges, according to a report by Crisil released on Thursday. The forecast relies on two key assumptions—another normal monsoon season and stable commodity prices. Factors such as easing food inflation, tax benefits outlined in the Union Budget 2025-26, and lower borrowing costs are likely to boost discretionary c...

February 25, 2025 4:26 PM

Assam’s economy doubled in six years, Northeast poised for growth: PM Modi

Prime Minister Narendra Modi on Tuesday highlighted Assam’s rapid economic growth, stating that the state's economy has doubled over the past six years under the BJP government. Speaking at the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 in Guwahati, he said the event aims to connect Assam’s economic potential with global opportunities. PM Modi noted the historical importance of Eastern India and the Northeast, emphasizing the region’s growing role in the country’s d...

January 29, 2025 3:34 PM

Union Budget 2025 to support India’s $5 trillion economy target

The Union Budget 2025-26 is expected to play a role in advancing India's aim of becoming a $5 trillion economy by promoting policies focused on growth, equity, and efficiency. A pre-budget survey released on Wednesday indicated that economic confidence remains steady among businesses as India prepares for the upcoming budget. According to the Grant Thornton Bharat survey, India is projected to become the fourth-largest global economy by 2026. Respondents shared an optimistic outlook, with most ...

January 13, 2025 1:36 PM

Govt expenditure on big infra projects to drive growth in 2025-26: report

The Centre’s capital expenditure on big-ticket infrastructure projects such as highways, railways, power development, and investments in critical sectors like defence is expected to propel India’s economic growth in the financial year 2025-26 and beyond, according to a report by financial services firm Prabhudas Lilladher (PL). “We are already witnessing an uptick in momentum in railways, defence, power, data centres, etc., the execution of which will accelerate growth in FY26 and beyond,...

January 10, 2025 12:24 PM

India retains title of world’s fastest-growing large economy with growth projected at 6.6%: UN

India would again be the fastest growing large economy in the world with a projected annual growth rate of 6.6 per cent, according to Hamid Rashid, the UN head of Global Economic Monitoring. He was speaking at the release of the UN's flagship report- ‘World Economic Situation and Prospects 2025, (WESP)’ on Thursday, which projected the gross domestic product (GDP) to grow slightly faster at 6.8 per cent next year. WESP said that India's economy would be bolstered by "strong export growth in...

February 18, 2025 5:12 PM

India’s Economic Surge: A Decade of Transformation

India has undergone significant policy changes since 2014, emerging as a credible alternative for global businesses to establish operations. With the world seeking a manufacturing base beyond China, India has become a preferred destination thanks to reforms introduced over the past decade. These policy measures are reflected in the country’s positive economic indicators. Since 2015, India has implemented significant changes in its gross domestic product (GDP), manufacturing expansion, market ...

November 25, 2024 11:29 AM

India’s economic growth expected to accelerate in Oct-Dec quarter: Report

India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024) as positive indicators are emerging with economic activity picking up pace, according to a report by ICRA. The report states that the preliminary data for November indicates a positive trend. The growth in electricity demand has picked up, while festive season demand continues to drive an increase in vehicle registrati...

November 18, 2024 4:39 PM

India rated fastest growing G20 economy with GDP growth projected at 7% for 2024

India is projected to be the fastest growing economy among the G20 countries with a 7% GDP growth rate for 2024, followed by Indonesia in the second spot with 5% while China is ranked third with an economic growth rate of 4.8%. "India takes the lead in the G20 with an impressive 7% GDP growth rate projected for 2024! This achievement highlights India's robust economy, showcasing its resilience and fast-paced growth amidst global challenges," a MyGov post on X said after the rankings were releas...

October 18, 2024 3:19 PM

China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus

China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. Authorities have sharply ramped up policy stimulus since late September, but markets are waiting for more details on the size of the package and a clearer road map to put the economy back on a solid longer-term footing. The world's second-larg...