Economy | DD News

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...

May 29, 2025 5:06 PM

Global economic outlook worsens but India seen as growth driver: WEF report

The global economic outlook has deteriorated since the beginning of the year, with increasing economic nationalism and tariff uncertainties fuelling widespread concern. However, South Asia—led by India—is being viewed as a bright spot for growth, according to the latest Chief Economists Outlook released by the World Economic Forum (WEF). The report reveals that a strong majority—79 per cent—of the surveyed chief economists see current geoeconomic developments as indicators of a major st...

May 29, 2025 11:58 AM

Crisil pegs India’s GDP growth at 6.5% in fiscal 2026

Crisil on Thursday forecast India’s gross domestic product (GDP) growth at 6.5 per cent in fiscal 2026, adding that improving domestic consumption is likely to support industrial activity. “We expect domestic consumption demand to improve driven by healthy agricultural growth, easing inflation supporting discretionary spend, rate cuts by the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) and income tax relief this fiscal,” the global ratings agency said in a note. The In...

May 28, 2025 11:52 AM

India’s rise in global economy a moment of national pride: PM Modi

Prime Minister Narendra Modi on Tuesday said India’s steady rise in the global economy is a matter of immense national pride. Addressing a public gathering in Gandhinagar, the Prime Minister recalled the sense of excitement across the country when India moved from being the sixth to the fifth-largest economy in the world. He noted that this enthusiasm was especially visible among the youth. PM Modi described the moment India surpassed the United Kingdom—its former colonial ruler—as histor...

May 26, 2025 11:42 AM

Sonowal hails PM Modi’s leadership as India rises to fourth-largest economy in the world

Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Sunday celebrated India’s ascent to becoming the world’s fourth-largest economy, crediting the achievement to the decisive leadership of Prime Minister Narendra Modi since 2014. Speaking at a "Mann Ki Baat" listening event in Assam’s Dibrugarh, Sonowal praised the Prime Minister’s monthly radio address for inspiring millions with stories of courage, innovation, and national pride. “Prime Minister Narendra Modi ji...