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India is the key growth engine for the world, the International Monetary Fund (IMF) said on Thursday, noting that the country’s third-quarter growth came out stronger than expected. “What we have seen in India is that India is a key growth engine for the world,” Julie Kozack, Director of IMF’s Communications Department, told reporters at…
New Delhi: India appears to be in a Goldilocks phase of high growth and low inflation, a report said on Tuesday, with economists urging a shift towards a near‑neutral policy. The report from HSBC Global Investment Research said that a near‑neutral policy, combining fiscal restraint with continued monetary ease, would best support markets and the…
New Delhi: India’s real GDP growth rate has been projected at 7.4 per cent in FY 2025-26, up from 6.5 per cent during FY 2024-25, according to the advanced estimates released by the Ministry of Statistics on Wednesday. The buoyant growth in the services sector has been found to be a major driver with a…
New Delhi: India’s industrial and logistics sector continued its strong post-pandemic growth trajectory in 2025, recording its highest-ever annual absorption of 76.5 million square feet, marking an 18.6 per cent year-on-year increase, a report showed on Wednesday. Backed by proactive government policies, the manufacturing segment has continued to be the strongest demand driver, accounting for…
New Delhi: India’s manufacturing industry registered another round of impressive growth, with total new orders and output again expanding at above-trend rates, according to the HSBC India Manufacturing Purchasing Managers’ Index (PMI) released on Monday. Registering 56.6 in November, the seasonally adjusted PMI – a single-figure indicator of sector performance – was comfortably above the…
New Delhi: India is expected to remain the fastest-growing economy among the G20 nations with a growth rate of 6.5 per cent through 2027, despite the Donald Trump administration’s tariff hikes, according to Moody’s latest ‘Global Macro Outlook report for 2026-27’. The report states that the pace of India’s growth will be supported by robust…
New Delhi: The Indian economy continues to exhibit resilience amid an uncertain external environment, and remains poised to register high growth, The RBI’s October Bulletin said on Monday. Indicators of capacity utilisation and domestic demand signalled improvement. Lead indicators of manufacturing and services continued to show a robust expansion. Inflation remained benign, well below the…
Washington: The International Monetary Fund (IMF) on Thursday said that India’s economic fundamentals remain “pretty strong” with lower inflation and “well-managed” fiscal deficit. “India continues to be the fastest-growing major, major economy. We have India going at 6.6% this year. If you look at India’s fundamentals…pretty strong. Growth is good…Inflation is coming down. Fiscal deficit…well-managed….
New Delhi: Investment activity in India’s real estate sector is expected to close 2025 on a strong note, primarily driven by significant capital deployment into built-up office and retail assets, according to a report by CBRE. The report highlighted that investors continued to show strong interest in these asset classes even as the broader property…
New Delhi: India’s services sector activity remained steady in September, with the HSBC India Services Purchasing Managers’ Index (PMI) standing at 60.9, according to data released by S&P Global on Monday. Pranjul Bhandari, Chief India Economist at HSBC, said business activity in the services sector remained strong even though it was slightly lower than the…