Economy | DD News

July 11, 2025 5:18 PM

WAVES 2025: India’s creative economy sets the stage for a trillion-dollar global impact

WAVES 2025 has significantly energized the country’s creative economy, often referred to as the Orange Economy also. This initiative aims to foster economic activities that convert ideas, creativity, rich and diverse cultural expressions and heritage into tangible goods and services. The creative economy spans a wide range of industries including music, film, design, publishing, gaming and many more creative pursuits. This mission amply demonstrates how cultural and creative assets can also be...

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...

July 4, 2025 10:23 AM

PM Modi hails Indian Diaspora for their role in shaping modern Trinidad &Tobago

Prime Minister Narendra Modi received a rousing welcome as he addressed a large gathering of the Indian diaspora in Trinidad and Tobago on Thursday during his historic visit to the Caribbean nation. The event, attended by over 4,000 people, featured a vibrant Indo-Trinidadian cultural programme and was graced by Trinidad and Tobago PM Kamla Persad-Bissessar, along with members of her Cabinet, Parliament, and other dignitaries. In a significant gesture, Prime Minister Persad-Bissessar announced ...

June 30, 2025 6:56 PM

Economic agenda to dominate PM Modi’s historic two-day Ghana visit

Economic agenda will dominate Prime Minister Narendra Modi's upcoming visit to Ghana, one of the fastest-growing economies in West Africa, the Ministry of External Affairs (MEA) said on Monday. The African nation will be the first stop on PM Modi's five-nation visit, starting July 2 followed by Trinidad and Tobago, Argentina, Brazil and Namibia. The July 2-3 visit will be Prime Minister Modi's first ever bilateral visit to Ghana and the first Prime Ministerial visit from India to Ghana after t...

June 30, 2025 6:51 PM

Indian economy remains a key driver of global growth: RBI

Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth, underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, the Reserve Bank of India (RBI) said on Monday. The Reserve Bank, in the June 2025 issue of its 'Financial Stability Report (FSR)', said that elevated economic and trade policy uncertainties are testing the resilience of the global economy and the financial system. “Financial markets remain...

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 9, 2025 1:49 PM

India now stands proudly among top five economies: Rajnath Singh on ’11 Years of Seva’ under PM Modi

Marking a significant milestone of 11 years of governance under Prime Minister Narendra Modi, Defence Minister Rajnath Singh on Monday hailed the achievements of the nation, especially in the defence and economic sectors. Taking to X, Singh lauded the government’s commitment to Atmanirbharta (self-reliance) and its impact on India's global standing. “Inspired by PM Shri Narendra Modi’s vision of Atmanirbhar Bharat, the defence sector has moved firmly towards Aatmanirbharta (self-reliance...

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...

June 2, 2025 3:04 PM

India to create 7.29 million green jobs by FY28, 35 million by 2047: Report

India’s green economy is growing rapidly and is expected to reach a value of $1 trillion by 2030, and a staggering $15 trillion by 2070, a new report said on Monday. With this massive growth, India is also set to create a huge number of green jobs - around 7.29 million by the financial year 2027-28 and 35 million by the year 2047, according to a NLB Services report. NLB Services CEO Sachin Alug said: "In the past 4–5 years, we’ve seen green jobs evolve from niche roles to mainstream oppo...

May 30, 2025 11:53 AM

India to be fastest-growing economy for next 30 years: Piyush Goyal

India is poised to remain the fastest-growing large economy for the next three decades, with a sustained annual growth rate of 6–7%, Union Commerce and Industry Minister Piyush Goyal said on Thursday. Speaking at the Confederation of Indian Industry (CII) Annual Business Summit 2025, Goyal said the government is aiming to push growth to 8% at constant prices. “Even amidst international upheavals, we are among the better-performing emerging markets,” he said. “Today, India holds the wor...