Indian Economy | DD News

September 17, 2025 4:30 PM

India to remain world’s fastest-growing major economy despite global uncertainty

Amid global market volatility, India’s growth is resilient and the country remains the world’s fastest-growing major economy, with its GDP forecast to continue growing 6.5 per cent this fiscal (FY26), S&P Global said on Wednesday. The positive outlook is being framed by the interplay of the nation's domestic buffers and external challenges. "India's growth performance with that of advanced economies shows that while past external shocks have caused short-term challenges for India, they...

September 11, 2025 11:10 AM

India remains world’s fastest growing large economy, committed to inclusive and sustainable growth: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Wednesday reaffirmed India’s position as the world’s fastest growing large economy and highlighted the country’s commitment to inclusive, sustainable, and resilient growth. Delivering the keynote address at FICCI Leads 2025, Goyal underlined that India’s growth story is not just about domestic progress but also about contributing to global prosperity and building stronger partnerships. Goyal said it was essential for nations to “com...

September 7, 2025 11:34 AM

India’s future growth depends on building a ‘startup-linked economy’: Minister

India’s future growth will increasingly depend on building a ‘startup-linked economy’ anchored in strong industry partnerships, according to Union Minister Jitendra Singh. According to Minister Singh, the government has created an enabling ecosystem for innovation and entrepreneurship, but sustaining startups requires early and substantial engagement with industry. He was speaking at the launch of 'Campus Tank' organised by Chandigarh University. “This was mainly for industry linkage...

September 5, 2025 12:37 PM

GST reforms to help textiles sector reach $350 billion by 2030: Govt

The next-generation GST reforms mark a historic leap forward for India’s textile sector, serving as a catalyst for the country’s journey towards becoming a $350 billion textile economy by 2030, the government has said. The Ministry of Textiles reaffirmed its commitment to work closely with industry stakeholders, exporters, artisans, and entrepreneurs to ensure the smooth implementation of these reforms. According to the ministry, the landmark measures are expected to reduce costs, remove s...

August 28, 2025 11:16 AM

Trump tariffs ‘small slice’ of Indian economy, opportunity to broaden markets: expert

Richard Rossow, a leading expert on India-US economic ties and the Chair of India and Emerging Asia Economics at the Centre for Strategic and International Studies (CSIS), has said that Washington's punitive measures would not have a considerable impact on India's growth but still present the country with a "unique opportunity" to diversify its markets and usher in major domestic reforms. "We're talking about a relatively small slice of the Indian economy. Manufacturing is only about 14 per cen...

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...

August 25, 2025 12:11 PM

50% US tariffs unlikely to significantly impact India’s growth: Analysts

As the August 27 deadline for the imposition of 25 per cent US secondary tariffs on Russian oil purchases approaches, analysts and global reports suggest that a cumulative 50 per cent tariff is unlikely to significantly derail India’s growth, thanks to robust domestic demand. Sectors such as textiles and gems and jewellery - both labour-intensive industries - are expected to face moderate pressure. However, pharmaceuticals, smartphones, and steel are relatively insulated due to exemptions, ex...

August 14, 2025 4:38 PM

S&P Global upgrades India’s sovereign credit rating to ‘BBB’ from ‘BBB-‘

Credit rating agency S&P Global on Thursday upgraded India’s long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", citing economic resilience and sustained fiscal consolidation. BBB and BBB- are credit ratings given by agencies like S&P and Fitch to show how safe or risky a borrower (like a company or government) is for investors. In a note, S&P Global stated that the stable outlook reflects continued policy stability and high infrastructure investment...

August 13, 2025 5:42 PM

India’s economy continues on fast-growth track: CEA Nageswaran

The government’s Chief Economic Advisor (CEA) V Anantha Nageswaran on Wednesday said the high-frequency indicators (HFIs) show that the overall momentum of the Indian economy remains robust and continues on a fast-growth track. HFIs are economic data points released frequently that offer timely insights into the current state of the economy. He emphasised that while trade-related issues are crucial, they should not overshadow other critical challenges. While addressing an event in Delhi, N...

July 28, 2025 5:11 PM

With resilient Q1 growth, Indian economy ‘steady as she goes’ in FY26: Centre

The first quarter of FY26 presents a picture of resilient domestic supply and demand fundamentals. With inflation remaining within the target range and the monsoon progressing on track, the domestic economy enters the second quarter of FY26 on a relatively firm footing, according to the Finance Ministry’s Monthly Economic Review for June 2025, released on Monday. The report adds that the economy gives the impression of being "steady as she goes" for the current fiscal year (FY26). India’s m...