File photo: CII President Rajiv Memani (Picture credit: PTI) The Confederation of Indian Industry (CII) on Thursday projected India’s economic growth to range between 6.4 per cent and 6.7 per cent in the financial year 2025-26, driven largely by strong domestic demand. However, it flagged geopolitical uncertainty and risks to global trade as potential headwinds…
India will continue its robust economic growth trajectory and outpace major industrialised G7 countries, supported by strong domestic demand, sound macroeconomic fundamentals and a favourable demographic profile, the PHD Chamber of Commerce and Industry (PHDCCI) said in a report. The report, titled Population, Productivity, Partnership: Rethinking G7-India Collaboration, highlights that with an average real GDP…
Union commerce and industry minister Piyush Goyal on Tuesday reaffirmed India’s goal of becoming a $5 trillion economy by 2027, citing strong macroeconomic fundamentals, robust policy reforms, and inclusive national effort. Speaking at a virtual session hosted by the Merchants’ Chamber of Commerce and Industry (MCCI), Goyal described India’s economic progress as a “quantum leap”,…
Moody’s Ratings on Tuesday said that India’s strong domestic economic environment will continue to support economic growth, helping banks maintain healthy asset quality and keeping systemwide nonperforming loan (NPL) levels between 2–3 per cent over the next 12 months.In a report focused on the Indian banking sector, Moody’s stated that even amid heightened global economic…
Nomura Pedicts Lower India GDP: रिजर्व बैंक की तरफ से उदार नीति अपनाए जाने और मुद्रास्फीति पर नियंत्रण के बावजूद इकोनॉमिक मोर्चे पर भारत के लिए ये झटके वाली खबर है. जापान के ब्रोकरेज फर्म नोमुरा ने अपने पूर्वानुमान में भारत की आर्थिक रफ्तार कम रहने का अंदेशा जताया है. उसने वित्त वर्ष 2025-26 में…
Foreign investors have poured in Rs 17,425 crore into India’s equity markets in the week of April 21 to April 25, bolstered by a combination of favourable global factors and strong domestic economic fundamentals. This follows a net investment of Rs 8,500 crore in the previous holiday-shortened week ending April 18, news agency PTI reported….
Fitch Cuts India Growth Estimates: दुनियाभर में अमेरिकी टैरिफ के चलते बनी अनिश्चितता और वर्ल्ड ट्रेड टेंशन के बीच भारत की आर्थिक रफ्तार धीमी रहने का अनुमान लगाया गया है. अमेरिकी एजेंसी मूडी के बाद अब रेटिंग एजेसी फिच ने भी भारत की जीडीपी को लेकर इसी तरह का अनुमान लगाया है. गुरुवार को फिच…
NEW DELHI : The World Bank has estimated that India will need to grow 7.8% on an average over the next 22 years to become a high-income economy by 2047 and underlined the need for a series of reforms to achieve the goal.The latest India Country Economic Memorandum, released on Friday, said India’s growth at…
NEW DELHI: Congress MP Manish Tewari criticized the budget process on Saturday, calling it a ‘useless ritual.In a post on X, Tewari said the budget has become an annual ritual for the finance minister, similar to the President’s address. “What is a budget? It is nothing more than an accounting exercise. How much did Government…
India’s trade deficit with China hit $85.1 billion in fiscal year 2024, underscoring growing economic concerns. Imports from China surged while exports to China fell to just $8 billion. This widening gap highlights India’s deep reliance on Chinese goods across critical sectors like electronics, telecom, solar energy, and electric vehicles. China’s dominance in India’s import…