Economic Growth News - Latest Updates, Headlines & Analysis

At least, businesses and individuals should be free of unnecessary tension and difficulties: Piyush Goyal

New Delhi, March 29: Arbitration and mediation mechanisms are crucial for India's emergence as a global manufacturing hub, stated Union Minister of Commerce & Industry Piyush Goyal while addressing the Special Plenary Session at the United International Avocat Conference in Delhi on Saturday.

India's forex reserves rise to USD 658.8 billion, extending gains for the third week

New Delhi, March 29: India's foreign exchange reserves rose USD 4.529 billion to USD 658.800 billion in the week that ended on March 21, extending gains for the third straight week, official data released by RBI showed.

India's economic growth needs to fuelled by ratepayers: Finance Secretary

New Delhi, March 29: Newly-appointed Finance Secretary Ajay Seth said on Saturday that India's economic growth needs to fuelled by ratepayers, not just taxpayers and borrowings.

India's policy has changed from equi-distance to equi-closeness, mantra is India First: PM Modi

New Delhi, March 28: Noting that India's presence is becoming stronger in the global arena, Prime Minister Narendra Modi on Friday said that the country earlier had a policy of "equi-distance" which has now changed to "equi-closeness".

Northeast region poised to emerge as nation's economic engine: Minister

New Delhi, March 28: Union Minister Jyotiraditya Scindia said on Friday that the northeast region is set to emerge as the "economic engine" of the nation, as it is no longer just adopting new digital technologies but also leading the way in the country's growing economic expansion.

Assam Minister Bimal Borah urges youth to take advantage of echo-system created by Advantage Assam 2.0

Guwahati, March 27: Assam Industry Minister Bimal Borah on Thursday urged the state's youth to take advantage of the echo system created by Advantage Assam 2.0.

'Faith can drive economic growth': Uttar Pradesh CM Yogi at exhibition highlighting eight years of government achievements

Mirzapur, March 27: Uttar Pradesh Chief Minister Yogi Adityanath on Thursday highlighted the importance of faith in driving economic growth while addressing a public meeting at an exhibition showcasing his government's achievements over the past eight years.

Human rights defenders praise India's progress at UN event in Geneva

Geneva, March 26: Human rights defenders from various parts of India commended the country's significant progress across multiple sectors at a side event held at the United Nations during the 58th Session of the Human Rights Council in Geneva on Tuesday.

RBI to continue with rate cuts as growth faces potential headwinds, inflation dipping: Report

New Delhi, March 26: The Reserve Bank of India (RBI) is expected to continue reducing the repo rate as economic growth faces potential headwinds and inflation is likely to fall in the central bank's target range, according to a report by HDFC Mutual Fund.

India's GDP has doubled to USD 4.2 trn over last ten years: IMF

New Delhi, March 26: India's Gross Domestic Product (GDP) has doubled in size over last ten years, according to the latest data released by the International Monetary Fund (IMF).

India to gain the most among emerging markets amid US economic policy shift

Mumbai, March 26: With the United States shifting its economic stance, emerging markets are poised for a significant rally, and India stands to gain the most with robust foreign institutional investors (FII) inflows returning into its markets, a new report said on Wednesday.

UAE: Sharjah Chamber outlines its 2025-2027 strategy

Sharjah, March 25: The Sharjah Chamber of Commerce and Industry (SCCI)'s Board of Directors has reviewed the Chamber's strategic roadmap for 2025-2027, designed to drive transformative improvements in performance, operations, and service excellence.

Australian govt unveils federal budget ahead of election

Canberra, March 25: The Australian Labor government unveiled the federal budget on Tuesday ahead of the upcoming election, focusing on cost-of-living relief and economic growth.

Consumer sentiment worsens in March amid growth woes: BOK

Seoul, March 25: South Korea's consumer sentiment worsened in March amid deepening concerns about growth momentum due to weak domestic demand and slowing exports, the central bank said on Tuesday.

Private Capex share in India's Gross Fixed Capital Formation falls to decadal low of 33 pc in FY24: ICRA

New Delhi, March 24: The share of private capital expenditure (capex) in India's Gross Fixed Capital Formation (GFCF) has dropped to a ten-year low of 33 per cent in FY2024, according to a report by ICRA.

India's bond market hits $2.69 trillion milestone

New Delhi, March 24: India's bond market reached a valuation of $2.69 trillion by the end of December 2024, which marks a significant milestone in the country's journey towards becoming a $7-8 trillion economy in the next five years.

India's manufacturing sector posts robust growth in March, hiring up: HSBC

New Delhi, March 24: India's business activity ended FY25 on a strong note, with the manufacturing sector posting a robust expansion in sales and production during March, driven by a rising demand for goods. Hiring, too, increased during the month, according to the HSBC Flash India survey released on Monday.

Samsung tops domestic sales for 22 consecutive years: Report

Seoul, March 24: Samsung Electronics has held the No. 1 spot in annual sales among South Korean companies for 22 consecutive years from 2002 to 2023, an industry analysis report here showed on Monday.

'India's time to shine', Kumar Mangalam Birla says 6-7 pc growth proof of bright future

New Delhi, March 23: At a time when many global economies are struggling, Kumar Mangalam Birla, Chairman of Aditya Birla Group, believes India is on a strong path to becoming a developed nation by 2047.

India to drive 6 pc of global trade growth, securing third place worldwide behind US and China: Report

New Delhi, March 23: India will make a significant strides in the global trade over the next five years, contributing about 6 per cent in the world's trade growth, just behind China at 12 per cent and the United States at 10 per cent, as per a joint report by DHL and the New York University Stern School of Business.

Tripura is now considered a leading state among the states of the North East: CM Manik Saha

Agartala, March 23: Tripura Chief Minister Dr Manik Saha on Saturday said that Tripura is now regarded as a leading state among the states of the North East, which marks the beginning of a new chapter of all-round development.

Reliance Industries officials visit Tripura to explore investment opportunities

Agartala, March 22: A delegation of Reliance Industries visited Tripura, exploring the investment potentials the northeastern state has to offer.

CM Dhami calls for 'Game-Changer' policies to accelerate Uttarakhand's growth

Dehradun, March 22: Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday directed all state departments to propose three to five transformative policies aimed at driving the state's economic and infrastructural growth.

PLI schemes clock Rs 1.61 lakh crore in investment, generate 11.5 lakh jobs

New Delhi, March 22: The production-linked incentive (PLI) schemes have clocked Rs 1.61 lakh crore in investment, Rs 14 lakh crore in production and Rs 5.31 lakh crore in exports while creating 11.5 lakh jobs, the government said on Saturday.

Maharashtra is number one with blessings of sisters: Eknath Shinde

Mumbai, March 22: Maharashtra Deputy Chief Minister Eknath Shinde on Thursday said that Maharashtra remains the number one state in the country, attributing its success to the 'blessings of sisters of the state'.

Unprecedented growth seen in infrastructure, farmers' welfare during PM Modi's tenure

New Delhi, March 22: The central government, under the visionary leadership of Prime Minister Narendra Modi, has taken some historic steps for the development of the country's infrastructure and the welfare of farmers in the last decade, show latest industry data.

Startups are engines of innovation and economic growth: MeitY Secretary

New Delhi, March 22: Startups are the engines of innovation and economic growth and their disruptive spirit, agility and commitment to solving real-world challenges are shaping India's future, S. Krishnan, Secretary, MeitY, has said.

India's bioeconomy sees 16-fold rise to reach $165.7 billion in 10 years: Minister

New Delhi, March 21: India's bioeconomy has witnessed 16-fold rise in the last 10 years -- from $10 billion in 2014 to an impressive $165.7 billion in 2024, the government said on Friday.

India's direct tax collections surge 16 pc to Rs 25.86 lakh crore

New Delhi, March 18: India's direct tax collections recorded a robust 16.2 per cent growth to Rs 25.86 lakh crore during April 1, 2024 - March 16, 2025 of the current financial year compared to the same period of the previous financial year, according to latest figures compiled by the Income Tax Department.

India's strength's been using technology for masses, AI can help achieve 8% growth: Nandan Nilekani

New Delhi, March 17: Nandan Nilekani, Co-Founder and Chairman of IT services major Infosys, suggested on Monday that for India to achieve 8 per cent growth, it has to use AI tools to take things to people.

Odisha govt approves industrial projects worth Rs 6,117 crore

Bhubaneswar, March 17: The Odisha government on Monday approved investment proposals worth Rs 6,117 crore. The approved industrial projects are expected to further strengthen the state's position as a premier investment destination in the country.

India's exports of goods and services rise 6.24 per cent to cross $750.5 bn in April-February

New Delhi, March 17: India's cumulative exports of both merchandise and services registered a 6.24 per cent increase during April-February 2024-25 to $750.53 billion, compared to $706.43 billion in the same period of the previous year, according to data released by the Ministry of Commerce and Industry on Monday.

India to remain fastest growing economy in next 2 years at 6.4 to 6.6 pc growth: OECD

New Delhi, March 17: The Organisation for Economic Co-operation and Development (OECD) expects India to remain the fastest-growing major economy over the next two years with the country’s GDP growth rate projected at 6.4 per cent for 2025 and at 6.6 per cent in 2026.

India's direct tax collections surge 16.2% to Rs 25.9 lakh crore as of March 16

New Delhi, March 17: India's direct tax collections have witnessed a robust growth of 16.15 per cent year-on-year, reaching Rs 25.86 lakh crore in the financial year 2024-25 (as of March 16, 2025), as per the latest data released by the Central Board of Direct Taxes (CBDT).

Tripura's bamboo industry: A key driver of economic growth and sustainable development

Agartala, March 15: Tripura, known for its rich and diverse bamboo resources, is emerging as a key player in the bamboo industry.

J&K Assembly passes grants of PWD, I&C, Mining, Skill Development, Labour & Employment Depts

Jammu, March 15: The J&K Assembly on Saturday passed grants amounting to Rs 7,050.86 lakh for the Mining Department, Rs 108, 603.20 lakh for the Industries and Commerce Department, Rs 528, 374.63 lakh for the Public Works Department, Rs 35,344.46 lakh for the Labour and Employment Department and Rs 22,561.03 lakh for the Skill Development Department.

India outperforms global trade average as services drive exports: UNCTAD

New Delhi, March 15: India outperformed global trade averages with services exports driving growth as total world trade hit a record $33 trillion in 2024, expanding 3.7 per cent, according to the latest Global Trade Update by UN Trade and Development (UNCTAD).

Railways freight movement shoots over 1,465 MT in FY24-25

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