Economic Reform News - Latest Updates & Headlines
Himachal Pradesh: State Government hikes bus fare, reclaims key hydropower projects to boost finances
Shimla, April 5: Grappling with a deepening financial crisis, the Sukhvinder Singh Sukhu-led government in Himachal Pradesh has approved a bus fare hike and reclaimed key hydropower projects from central PSUs.
India remains attractive destination for global capital: Experts
New Delhi, April 5: With a strong economic outlook, policy reforms and a resilient market, India remains an attractive destination for global capital, experts said on Saturday.
Indian companies with over Rs 1 lakh crore market cap surge 40 times since 2000: NSE Report
Mumbai, March 31: The number of Indian companies with a market capitalisation of over Rs 1 lakh crore has surged 40 times over last 24 years. This reflects the country's strong economic growth and market expansion, according to a report by the National Stock Exchange (NSE).
Digitisation, reforms, financial inclusion among factors in India doubling its GDP in 10 years, say experts
New Delhi, March 22: Digitisation, reforms, financial inclusion are among several factors that have contributed to India's economic growth over the past decade, economists have said as IMF data, cited by BJP leader Amit Malviya, showed that the country doubled its GDP from USD 2.1 trillion in 2015 to USD 4.3 trillion in 2025.
India doubles GDP to USD 4.3 trillion in 2025, achieving 105 per cent growth under PM Modi's leadership: Amit Malviya
New Delhi, March 22: India has reached a remarkable economic milestone, doubling its GDP from USD 2.1 trillion in 2015 to an impressive USD 4.3 trillion in 2025, marking an extraordinary 105 per cent growth that stands unmatched by any other major global economy, said BJP leader Amit Malviya.
India's GDP doubles in 10 years, set to surpass Japan and Germany by 2027
New Delhi, March 22: India's GDP has surged from $2.1 trillion in 2015 to an estimated $4.3 trillion in 2025, reflecting an impressive 105 per cent increase, according to inflation-adjusted data from the International Monetary Fund (IMF).
Maha Budget: Rs 36,000 cr for Ladki Bahin Yojana; various taxes proposed to generate additional revenue
Mumbai, March 10: Amid the widening gap between revenue and expenditure with constraints on resource mobilisation, Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar on Monday presented the budget for 2025-26 with an estimated revenue deficit of Rs 45,892 crore and fiscal deficit of Rs 1,36,000 crore.
Chamber of Trade and Industry writes to Delhi CM outlining traders' demands for upcoming budget
New Delhi, March 10: The Chamber of Trade and Industry has written to Delhi Chief Minister Rekha Gupta outlining traders' demands for the upcoming Delhi budget.
Experts reckon Bangladesh's Yunus govt not serious about economic reforms
Dhaka, Mar 5: Already facing severe political and security challenges, the interim government in Bangladesh led by Muhammad Yunus has come under huge criticism from its own stakeholders for failing to carry out the promised economic reforms in the restive country.
PM Modi assures consistency in policies along with reforms to boost inclusive growth
New Delhi, March 4: Prime Minister Narendra Modi said that MSMEs play a transformative role in the economic growth of India. Government is committed to nurturing and strengthening this sector, during his virtual address at the Post Budget Webinar 2025 on Tuesday.
IMF launches governance review in Kenya to address corruption, boost economic performance
Nairobi, March 4: The International Monetary Fund (IMF) began an official review of Kenya's corruption and governance issues, a senior Kenyan official said.
India's strong performance an opportunity for reforms to achieve advanced economy status by 1947: IMF
United Nations, March 1: Commending India's “prudent” policies, the International Monetary Fund's (IMF) Executive Board has said its strong economic performance can help it adopt critical reforms to achieve advanced economy status by 2047.
Simplification and transparency in Financial Laws provided enabling environment for investment in India: Lok Sabha Speaker
New Delhi, March 1: Lok Sabha Speaker Om Birla stressed that the recent initiatives in simplification and transparency in financial laws have provided an enabling environment for investment in India.
India needs to grow by 7.8 pc to reach high-income status by 2047, a possible target: World Bank
New Delhi, Feb 28: A new World Bank report on Friday said that India needs to grow by 7.8 per cent on average over the next 22 years to achieve the country's aspirations of reaching high-income status by 2047 -- a target that is possible to achieve.
Chhattisgarh Assembly pays tribute to Dr. Manmohan Singh
Raipur, Feb 25: The Chhattisgarh Legislative Assembly on Tuesday bestowed profound tributes upon the former Prime Minister Dr. Manmohan Singh, who departed from this mortal realm in December of the preceding year.
Today, the world trusts India's governance which is constantly reforming: PM Modi
Guwahati, Feb 25: Prime Minister Narendra Modi, while addressing the Advantage Assam Summit in Guwahati on Tuesday, highlighted India's growing global influence, robust economic policies, and the state's rapid development under the double engine government of the BJP.
Voting underway for general election in Germany
Berlin, February 23: Voting started for the general election in Germany on Sunday, which opinion polls suggest will bring a new chancellor and a new governing coalition, CNN reported.
Government to set up Deregulation Commission to reduce state's interference: PM Modi
New Delhi, February 16: Noting that confidence in India is "stronger than ever", Prime Minister Narendra Modi on Saturday said that reforms are being undertaken by his government with full conviction.
PM Modi takes dig at Congress over speed of development, speed of corruption
New Delhi, February 15: Referring to the pace of development under the BJP-led government for the past 10 years, Prime Minister Narendra Modi on Saturday hit out at the Congress, saying if "speed of development and speed of corruption" under its rule had continued, a prime period of the country would have been wasted.
PM Modi lauds FM Sitharaman's parliament address, says it gave very clear vision of Indian economy
New Delhi, February 15: Prime Minister Narendra Modi praised Finance Minister Nirmala Sitharaman's address in Parliament, stating that it provides a clear picture of the Indian economy and the reform trajectory the government is undertaking.
India leading global future discussions, reforms being done out of conviction: PM Modi
New Delhi, Feb 15: India is at the centre of the global future discussions and leading in some as well, Prime Minister Narendra Modi said on Saturday, adding that this was a consequence of a new revolution of reforms in India since 2014.
Ashwini Vaishnaw lauds PM Modi, FM Sitharaman for taking care of lower, middle income groups
Bengaluru, Feb 15: Union Minister for Railways, Information and Broadcasting, Electronics, and IT, Ashwini Vaishnaw, said on Saturday that while presenting the budget Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman have always kept lower and middle-income groups at the core of thinking.
FM has given very clear picture of Indian economy, reforms: PM Modi
New Delhi, Feb 15: Union Finance Minister Nirmala Sitharaman, while responding to the debate on the Union Budget 2025-26 in the Parliament this week, has given a very clear picture of the Indian economy and ongoing reforms, Prime Minister Narendra Modi said on Saturday.
PM Modi highlights country's reforms at India-France CEOs forum, invites businesses to invest in India
Paris, February 12: Prime Minister Narendra Modi has urged French enterprises to leverage the vast opportunities available in India and collaborate in areas such as technology, innovation, and sustainable development.
Trump asks US Treasury Dept to stop production of pennies, says Rip waste out of our great nation's budget.
Washington, DC, February 10: United States President Donald Trump has announced that Washington DC will stop minting pennies, citing their high production cost, which exceeds their face value and termed the practice "wasteful."
IMF chief sees 'strong progress' in Ethiopia's economic reforms
Addis Ababa, Feb 10: International Monetary Fund (IMF) Managing Director Kristalina Georgieva has praised Ethiopia's "strong progress" in its homegrown economic reform program.
Cheaper loans better for trade, industry: Congress leader Rajeev Shukla on repo rate cut by RBI
New Delhi, February 7: Congress leader Rajeev Shukla on Friday welcomed RBI's decision to reduce repo rate by 25 basis points (bps) to 6.25 per cent and said that it will help trade and industry as loans will get cheaper.
Govt ended licence raj of Congress to usher in digital revolution: PM Modi
New Delhi, Feb 6: Taking credit for ending licence-permit raj promoted by the Congress, Prime Minister Narendra Modi on Thursday highlighted his government's pro-active decisions and action for the digital revolution in the country.
Used money to build India, not 'Sheeshmahal': PM Modi jabs Kejriwal's Delhi model
New Delhi, Feb 4: Prime Minister Narendra Modi on Tuesday said that his government has consistently strived to uplift the living standards of people as well as enhance their financial power, unlike the previous governments which focused on filling their own coffers and letting corruption thrive under their watch.
Budget boosts consumption, fiscal prudence, Capex: Report
New Delhi, Feb 3: The Union Budget 2025–26 is crafted as a bold statement of fiscal consolidation and long‐term structural reforms, with the government maintaining the fiscal deficit at 4.4 per cent for FY26 while maintaining investment momentum with capital spending rising by 10 per cent to ₹11.2 lakh crore.
USISPF welcomes India's Union Budget 2025-26, applauds landmark reforms and forward-looking initiatives
New Delhi, February 2: The United States-India Strategic Partnership Forum (USISPF) on Sunday commended the Finance Minister Nirmala Sitharaman, and the Government of India for unveiling a robust Union Budget 2025-26.
Rajasthan BJP chief calls Budget 2025 a 'blessing for the middle class'
Jodhpur, February 2: Rajasthan BJP President Madan Rathore has lauded the provisions in the Union Budget 2025, and called it a "blessing for the middle class."
USIBC welcomes India's Union Budget 2025, says economic reforms essential to strengthen commercial ties
Washington DC, February 2: The President of the United States India Business Council (USIBC), Ambassador Atul Keshap, welcomed India's Union Budget 2025 on Saturday, saying that India's economic reforms are crucial for strengthening commercial ties with the US.
New flight for self-reliant India; to open new doors for development: Muslim Rashtriya Manch
New Delhi, February 1: The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman under the leadership of Prime Minister Narendra Modi, has been hailed by the Muslim Rashtriya Manch (MRM) as a significant step towards India's economic development and inclusive empowerment
Rajasthan Dy CM terms Union Budget 2025 as 'game changer'
Jaipur, Feb 1: Rajasthan Deputy Chief Minister termed the Union Budget 2025 as the ‘game changer’ for inclusive growth on Saturday.
Balanced, transparent trade environment vital to deepening US-India economic ties: USIBC
New Delhi/Washington, Feb 1: A balanced and transparent trade environment is vital to deepening US-India economic ties and in line with President Donald Trump's emphasis on fair and reciprocal trade, India can consider bolder steps to address structural bottlenecks and foster a more predictable policy environment that instills investor confidence and promotes long-term strategic partnerships, the US-India Business Council (USIBC) said on Saturday.
Budget addresses current economic challenges, lays strong foundation for Viksit Bharat: FICCI
New Delhi, Feb 1: The Union Budget 2025-26 not only addresses current economic challenges but also lays a strong foundation for achieving the ‘Viksit Bharat’ vision, the Federation of Indian Chambers of Commerce and Industry (FICCI) said on Saturday.
UK India Business Council welcomes Union Budget's focus on regulatory reforms, fiscal consolidation
New Delhi, February 1: The UK India Business Council (UKIBC) on Saturday congratulated Finance Minister Nirmala Sitharaman and the Government of India on the presentation of India's Union Budget 2025-26.
'Reform, perform, Transform': K'taka BJP on Union Budget (Ld)
Bengaluru, Feb 1: Karnataka BJP President B.Y. Vijayendra on Saturday termed the Union Budget as "reform, perform, transform! A budget for Viksit Bharat", adding that this Budget sets the foundation for a "future-ready Bharat, ensuring inclusive growth, economic prosperity, and new opportunities".
EAM Jaishankar calls Union Budget employment-centric and growth-oriented
New Delhi, February 1: External Affairs Minister S Jaishankar on Saturday congratulated Finance Minister Nirmala Sitharaman and lauded the Union Budget 2025, calling it "forward-looking, employment-centric and growth-oriented."