India economy | DD News

November 25, 2025 10:19 AM

Mobile phones, vehicles drive convergence in asset ownership across India, EAC-PM report says

Household spending patterns in India are shifting away from basic necessities towards asset-building categories, the Economic Advisory Council to the Prime Minister (EAC-PM) said in a new report. The survey found that households are increasingly allocating more of their budgets to personal goods and cooking and household appliances, even among the bottom 40% of income groups. Spending on clothing and footwear has comparatively declined. “Household spending is shifting from basic necessities ...

October 28, 2025 5:07 PM

India’s industrial output grows 4% in September, manufacturing leads recovery

India’s Index of Industrial Production (IIP) recorded year-on-year growth of 4.0 per cent in September 2025, driven by strong performance in manufacturing, the Ministry of Statistics & Programme Implementation announced on Tuesday. Manufacturing output rose by 4.8 per cent over the same period last year, while electricity production grew by 3.1 per cent. Mining recorded a marginal decline of 0.4 per cent. The IIP level for the month stood at 152.8 (base 2011-12 = 100), up from 146.9 in S...

October 3, 2025 7:49 PM

India stands out as rare anchor in volatile world: RBI chief

Despite global turbulence caused by trade friction and geopolitical shocks, India has been able to stand out as a rare anchor of stability in a volatile world, RBI Governor Sanjay Malhotra said on Friday. In his address at the fourth Kautilya Economic Conclave in Delhi, Malhotra said policy continuity, institutional resilience and reform momentum have enabled India to avoid major financial crises and remain among the fastest-growing large economies, with inflation projected to return to the RBI...

October 3, 2025 12:20 PM

Indian economy is resilient and continues to grow sustainably, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Friday emphasised that India’s growth is firmly rooted in domestic fundamentals, even as global volatility and shifting international rules redefine the world economic order. Speaking at the inaugural session of the Kautilya Economic Conclave 2025 in New Delhi, the finance minister highlighted the resilience of the Indian economy and its capacity to absorb external shocks. “We are in a shifting global landscape that resembles a zero-sum approach. The ...

September 10, 2025 5:32 PM

India not pushing for alternative to US dollar: CEA Nageswaran

Chief Economic Adviser V. Anantha Nageswaran on Wednesday dismissed speculations that India is exploring an alternative currency to the US dollar, stating that no such plans are under consideration. Nageswaran added that despite tariff disputes and geopolitical uncertainties affecting global trade, the Indian economy is well-positioned for positive developments rather than shocks. “India’s economy remains on a firm footing,” he affirmed. The CEA noted that the net impact of US tariffs an...

September 4, 2025 10:26 PM

PM Modi hails NextGen GST reforms as boost to ease of living, healthcare, and economic growth

Prime Minister Narendra Modi on Thursday highlighted the transformative impact of the Government’s NextGen GST reforms, underscoring their role in enhancing ease of living, strengthening public health and nutrition, and supporting India’s middle class, MSMEs, and rural economy. Addressing the latest phase of the reform, PM Modi described the measures as a continuation of India’s decade-long commitment to bold economic reforms, including corporate tax reductions, GST implementation, and pe...

September 3, 2025 11:17 PM

Government unveils next-generation GST reforms; daily essentials get cheaper

Finance Minister Nirmala Sitharaman on Wednesday announced a major reform in the Goods and Services Tax (GST) regime, consolidating the 12% and 18% tax slabs into a simplified dual-rate structure of 5% and 18%, with a higher 40% rate retained for sin goods. The move, described as “Next-Generation GST,” is aimed at boosting affordability, consumption, and economic efficiency while making compliance easier for businesses. At a press conference, the Finance Minister said the reforms have been...

September 1, 2025 11:12 PM

PM Modi hails initiatives to boost job creation, amplify growth amid global uncertainties

Prime Minister Narendra Modi on Monday said the launch of the Pradhan Mantri Viksit Bharat Rozgar Yojana is aimed at harnessing India’s demographic dividend and boosting job creation. In a post on X, PM Modi referred to an article by Union Minister Dr. Mansukh Mandaviya that described the scheme. "Union Minister Dr. Mansukh Mandaviya writes about the Pradhan Mantri Viksit Bharat Rozgar Yojana, an initiative aimed at boosting job creation. He explains that the scheme will help transform India...

August 4, 2025 3:02 PM

India poised to take larger share in global output: Morgan Stanley

India is likely to capture a larger share of global output over the next few decades, driven by strong demographic trends, improving infrastructure, and policy stability, according to a report by Morgan Stanley Research. The report highlights a combination of factors — including robust population growth, a functioning democracy, macroeconomic stability, a growing entrepreneurial base, and improved social indicators — that are expected to position India as one of the most attractive global c...

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...