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India growth News

20 Feb 2025

India Poised To Stay World’s Fastest Growing Economy In 2025-26: RBI Bulletin

In a challenging and increasingly uncertain global environment, the Indian economy is poised to sustain its position as the fastest growing major economy during 2025-26 as per the IMF and World Bank estimates of GDP growth of 6.5 per cent and 6.7 per cent, respectively, the report points out.

20 Feb 2025

India To Transform Into High-income Country With GDP Of $23–$35 Tn By 2047

With nearly 200 million individuals expected to enter the workforce in the coming decades, India has a unique opportunity to drive high-value job creation and unlock significant economic potential.

19 Feb 2025

SBI Pegs India’s GDP Growth At 6.3% For Q3 Of 2024-25

The SBI report released on Wednesday considers the slowdown in the second quarter (Q2) as a “blip” and states that “presuming no major revisions are announced in the erstwhile Q1 and Q2 figures by NSO, we estimate the FY25 full year GDP at 6.3 per cent.”

12 Feb 2025

Industrial Output Growth Slows To 3-month Low Of 3.2% In December

The government has also revised the November 2024 industrial output figure to 5 per cent from the provisional estimate of 5.2 per cent released in the previous month.

09 Feb 2025

PLI For Electronics Manufacturing Attracted Rs 10,213 Crore Investments

Driven by the special incentive scheme, the production of mobile phones has increased from about 60 million mobile phones in 2014-15 to about 330 million mobile phones in 2023-24.

17 Jan 2025

Govt Capex, Rising Consumer Spending To Spur India's GDP Growth In 2025-26

The apex business chamber's latest economic outlook report said that on the investment front, the government’s focus on capital expenditure is expected to remain a key growth driver in the year 2025-26.

09 Jan 2025

Indian Economy Expected To Clock 6.8% Growth In 2025-26: Report

The report expects nominal GDP growth to be around 10.5 per cent during the next financial year. It highlights that key indicators of this growth include robust air passenger traffic, a rise in services PMI, and increased GST collections.

07 Jan 2025

India To Clock Faster GDP Growth For Oct-Dec, Inflation Easing: HSBC Research

As many as 65 per cent of the indicators are growing at a positive clip in the December quarter compared to 55 per cent in the previous one.

10 Dec 2024

S&P Global Ratings Projects 6.8% Growth For Indian Economy In FY25

S&P Global Ratings on Tuesday projected 6.8 per cent growth for the Indian economy in FY25, followed by 6.9 per cent growth in FY26, on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure.

India economic activity

21 Nov 2024

India’s Economic Activity Growth Reaches 8-Month High In October: Report

This is the highest sequential growth in any month since March 2023 (+10.5 per cent).

18 Nov 2024

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

Russia has been ranked fourth on the list with a projected GDP growth rate of 3.6 per cent, followed by summit host, Brazil (3 per cent) in the 5th spot.

15 Nov 2024

India’s Total Exports Likely To Surpass $800 Billion In Coming Months

India’s exports accelerated to over $73 billion in October from more than 61 billion in the same month last year, registering above 19 per cent growth.

01 Jul 2024

India's Manufacturing Sector Growth Ticks Higher In June

The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) increased from 57.5 in May to 58.3 in June, indicating a sharper improvement in business conditions.

18 Jun 2024

Fitch Raises India's GDP Growth Forecast For FY25 To 7.2%

The rating agency said in its report that recovery in consumer spending and increasing investment trends are the main factors for this update.

08 May 2024

High Possibility Of 8% GDP Growth For India In 2023-24: CEA Nageswaran

Speaking at an event here, the CEA said that he expected a 7 per cent GDP growth rate for 2024-25 and it was important to maintain it.

Services sector growth

06 May 2024

India's Service Activity Growth In April Among Fastest In 14 Years: PMI

The seasonally adjusted HSBC India Services Business Activity Index fell from 61.2 in March to 60.8 in April, highlighting one of the strongest growth rates seen in just under 14 years.

06 May 2024

Indian Economy And Equity Markets Outperformed China Over Past 3 Years

China’s current equity market capitalisation is double that of India, at a time when it’s GDP is 5 times that of Indian GDP.

International Monetary Fund

18 Apr 2024

IMF Backs Modi Govt's Eco Policies; Expects India To Rev Up Global Growth

The IMF’s World Economic Outlook report, released on Tuesday, has not only raised India's growth forecast by 0.3 percentage points to 6.8 per cent for 2024-25 but also sees the country as a bright spot "supporting global growth over the medium term and spill over to other countries".

11 Apr 2024

ADB Raises India's GDP Growth Forecast For FY25 To 7%

The ADB's growth forecast for FY25 is in line with the projections made by the Reserve Bank of India (RBI).

03 Apr 2024

World Bank Raises India's GDP Growth Forecast To 7.5% For 2023-24

The World Bank has raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia.

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