Daily Latest News
New Delhi: Riding on robust domestic demand, Goods and Services (GST) rate rationalisation and income tax reforms, India’s GDP growth is set to hold steady at 6.5 per cent this fiscal (FY26), a report by S&P Global said on Tuesday. The report expects domestic demand to remain strong, supported by a largely benign monsoon season,…
Ahead of the launch of next-generation GST reforms, Prime Minister Narendra Modi on Sunday called on all state governments to accelerate manufacturing, create a business-friendly environment, and actively promote local products, saying this was key to India’s growth and Atmanirbhar bharat vision. “Today, I appeal to all state governments: along with the campaign for a…
New Delhi: India is showing resilience amid geo-political uncertainties and is projected to stay above 6 per cent growth over the next three years — amid a raised outlook of 6.9 per cent growth in current fiscal — according to the latest Fitch Ratings’ ‘Global Economic Outlook’ released on Wednesday. On the back of the…
New Delhi: Despite downside risks owing to the US tariffs and slowing global economy, India’s growth will remain healthy given expectations of robust domestic private consumption, along with supportive government spending, a report showed on Monday. In Crisil’s view, private consumption is poised to be the primary driver of GDP growth in fiscal 2026. It…
New Delhi: In a major embarrassment for US President Donald Trump, who in a rhetorical overdrive termed India as a “dead economy,” the country’s economic growth has accelerated to 7.8 per cent in the April to June quarter, fortifying its position as the world’s fastest-growing major economy. The strong economic performance amid the US tariff…
New Delhi: India’s GDP for the first quarter of financial year 2026 clocked a growth rate of 7.8 percent, up from 6.5 percent in the first quarter of Financial year 2025 (Q1 FY25), government data showed on Friday. “Real GDP has been estimated to grow by 7.8% in Q1 of FY 2025-26 over the growth rate of 6.5% during Q1…
New Delhi: As the August 27 deadline for US secondary tariffs of 25 per cent falls this week over Russian oil purchase, analysts and global reports say that a total of 50 per cent tariff is unlikely to significantly impact India’s growth due to a robust domestic demand. While labour-intensive textiles and gems and jewellery…
New Delhi: India’s long-term growth prospects remain intact despite high US tariffs, as the government continues to push economic reforms and raise living standards, S&P Global Ratings said. Strong economic growth, political will for fiscal consolidation, and a supportive monetary policy framework to control inflation were the main reasons given by the agency for upgrading…
New Delhi: A Morgan Stanley report on Wednesday said it expects India’s economy to be the third-largest globally by 2028 and more than double in size to $10.6 trillion by 2035. Embedded in this forecast is the likelihood that three to five states (Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh and Karnataka) will have an economy…
Mumbai: India’s GDP is projected to grow at 6.2 per cent in FY26, with CPI inflation around an average 4.0 per cent, a report showed on Friday, adding that it does not expect any further rate cuts from the RBI “unless downside risks to growth materialise”. The Current Account Deficit or CAD (as per cent…