Growth News - Latest Updates & Headlines
India poised to become the world's third-largest economy: PM Modi
New Delhi, April 8: Prime Minister Narendra Modi on Tuesday declared that India is poised to soon become the world's third-largest economy.
Those who thought India will move slowly, steadily are seeing fast and fearless India: PM Modi
New Delhi, April 8: Noting that the world is looking at India and has hope from the country, Prime Minister Narendra Modi said on Tuesday that his government has opened new possibilities through its policies and the decisions taken in the nearly 100 days of this year have strengthened the foundation for the future.
Odisha Chief Minister's two-day Delhi visit yields significant outcomes
New Delhi, April 8: The two-day visit of the Odisha Chief Minister Mohan Charan Majhi to the national capital has culminated in a series of significant outcomes aimed at bolstering the state's industrial landscape.
Assam is now India's 3rd fastest growing state with GDP growth rate of 7.94 percent at constant prices: CM Sarma
Guwahati, April 8: Assam Chief Minister Himanta Biswa Sarma on Tuesday stated that Assam is now India's third-fastest-growing state, which was unimaginable a few years ago.
Regulatory easing to support India's credit growth expansion at 10.8% in FY26: ICRA
New Delhi, April 8: Rating agency ICRA expects India's credit growth to expand at 10.8 per cent in the current financial year 2025-26.
RBI's monetary policy easing likely to support 10.8 pc growth in credit in FY 2026: Report
Mumbai, April 8: Measures taken by the Reserve Bank of India (RBI) to ease the monetary policy in recent months are expected to support a year-on-year credit expansion of around 10.8 per cent at Rs 19 lakh crore to Rs 20.5 lakh crore in 2025-2026, according to an ICRA report released on Tuesday.
India likely to outperform global markets despite uncertainties: NSE CEO
Mumbai, April 8: India is expected to perform better than most global markets in the coming months, even amid growing international uncertainties, Ashishkumar Chauhan, CEO and MD of the National Stock Exchange (NSE), said on Tuesday.
Speed up the implementation of growth hub projects: Maha CM
Mumbai, April 7: Maharashtra Chief Minister Devendra Fadnavis on Monday directed to acceleration of the implementation of growth hub projects for the Mumbai Metropolitan Region (MMR) as it is crucial to increase the region's GDP to $300 billion by 2030 from the present level of $140 billion.
India's healthcare spending expected to surge to 5 pc of GDP by 2030: Report
New Delhi, April 7: Healthcare expenditure in India is expected to surge from 3.3 per cent to 5 per cent of its GDP by 2030, according to a report on Monday.
Abu Dhabi's non-oil foreign trade records 9 pc growth in 2024
Abu Dhabi, April 7: Abu Dhabi Customs reported a 9 per cent increase in the emirate's non-oil foreign trade in 2024, reaching AED306 billion, compared to AED281.9 billion in 2023, reflecting the vitality of the emirate's economy and its growing relations with trading partners around the globe.
Healthcare sector will see subdued growth in Q42025: Report
New Delhi, April 7: The healthcare sector in the country is expected to post a 17.2 per cent year-on-year (YoY) growth in EBITDA for the fourth quarter of FY25, says a report by Nuvama.
India's car sales surge past 41.53 lakh mark during FY25
New Delhi, April 7: The number of new cars registered on the government’s VAHAN portal rose to a record 41,53,432 units during the financial year ended March 31, 2025, which represents a 4.87 per cent increase in sales over the previous financial year, according to figures compiled by the Federation of Automobile Dealers Associations (FADA).
CM Mohan Charan Majhi leaves for Delhi to attend Odisha Investors Meet
Bhubaneswar, April 6: Chief Minister Mohan Charan Majhi on Sunday left for a two-day visit to Delhi, where he will hold significant discussions aimed at propelling Odisha towards greater industrial advancement and economic growth.
Centre set to surpass FY25 capex target of Rs 10.18 lakh crore
New Delhi, April 6: The government is poised to surpass its revised capital expenditure (capex) target of Rs 10.18 lakh crore for FY25 by a modest margin.
Andhra CM congratulates people for second-highest growth rate
Amaravati, April 6: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Sunday congratulated the people of the state over registering the second-highest growth rate in the country during 2024-25.
West Bengal achieves 11.43% GST collection growth in 2024-25, outperforming national-level: CM Mamata Banerjee
Kolkata, April 6: West Bengal Chief Minister Mamata Banerjee announced on Sunday that the state achieved a growth of 11.43 per cent in GST collection for the financial year 2024-25, two per cent higher than the national level.
McCain India profit shrinks 29 pc in FY24 amid rising costs
New Delhi, April 6: McCain India, the maker of frozen snacks like French fries and aloo tikki, reported a sharp 29 per cent decline in its net profit for the financial year 2023-24 (FY24), hit by rising costs and higher spending on advertising and management fees.
S. Korea ranks 29th in global GDP growth in Q4 amid domestic slump
Seoul, April 6: South Korea ranked 29th out of 37 major economies in terms of economic growth during the fourth quarter of 2024, as weak domestic demand and heightened political uncertainty weighed on the nation's performance, a central bank report showed on Sunday.
Being a loner didn't weaken me, says actress Samyuktha Hornad
Chennai, April 5: Actress Samyuktha Hornad, who is known to be an ardent animal lover, has now disclosed that being a loner when she was a child didn't weaken her and that on the contrary, it shoved her into the fierce, real love of animals, nature, and the universe.
Will eliminate poverty from Uttar Pradesh in next 3 years: UP CM Adityanath
Maharajganj, April 5: Uttar Pradesh Chief Minister Yogi Adityanath on Saturday pledged to eliminate poverty in the state within the next three years and make it the country's number one.
India reaching new heights of development: Yogi Adityanath expresses admiration for PM Modi's leadership
Maharajganj, April 5: Uttar Pradesh Chief Minister Yogi Adityanath has expressed his admiration for Prime Minister Narendra Modi's leadership, stating that India is reaching new heights of development in every sector.
Real growth possible with stronger industry-research establishment connection, says ISRO Chairman S Somnath
Hyderabad, April 5: Indian Space Research Organisation (ISRO) chairman S Somnath attended the Indian School of Business event in Hyderabad. Somnath said that it was a wonderful experience coming to ISB as it is one of the leading business schools with a global reputation.
Centre aims to expand port capacity to nearly 10,000 MTPA by 2047
New Delhi, April 4: The government on Friday said it aims to expand port capacity from about 2,600 million tonnes per annum (MTPA) to nearly 10,000 MTPA by 2047, positioning the nation as a leading maritime power.
Indian Railways produces record 41,929 wagons in FY25
New Delhi, April 4: Indian Railways has produced all-time high of 41,929 wagons in FY25, surpassing the 37,650 wagons produced in the earlier fiscal (FY24), the government said on Friday.
India's services sector activity remains buoyant in March
New Delhi, April 4: The HSBC PMI Index for India’s services activity remained buoyant at 58.5 in March, which is well above its long-run average of 54.2 but a tad lower than February’s reading of 59, according to data released on Friday.
Pharma companies likely to see up to 16 pc sales growth in FY25: Centrum Report
New Delhi, April 4: India's leading pharmaceutical companies are expected to report strong sales growth of up to 16 per cent year-on-year (YoY) in the financial year 2024-25, according to a report by Centrum Institutional Research.
Gujarat govt fast-tracks police promotions; over 7,000 officers elevated
Gandhinagar, April 3: In a move to accelerate career progression within the Gujarat Police Department, the state government has announced the promotion of 261 Assistant Sub-Inspectors (ASIs) to the rank of Police Sub-Inspector (PSI).
India's services PMI declines marginally in March to 58.5, but private sector activity remains strong: HSBC PMI
New Delhi, April 4: India's services sector continued to grow strongly in March 2025, although at a slightly slower pace than in February.
US tariffs a chance to boost 'Make in India', empower MSMEs: PHDCCI CEO
New Delhi, April 3: Amid concerns over the US reciprocal tariffs, Ranjit Mehta, CEO of the PHD Chamber of Commerce and Industry (PHDCCI), said on Thursday that this is an opportunity for India for high-quality production and global expansion under the 'Make in India' and 'Atmanirbhar Bharat' initiatives.
India's GDP growth projected at 6.7 pc for FY26, cyclical recovery expected
New Delhi, April 3: India’s economy is set to grow at 6.7 per cent in FY26, driven by a cyclical recovery and steady market performance, a new report said on Thursday.
Institutional investments in Indian real estate rise 31% to USD 1.3 billion in Q1 2025: Report
New Delhi, April 3: Institutional investments in Indian real estate have seen a strong start to 2025, with inflows reaching USD 1.3 billion in the first quarter--a 31 per cent year-on-year (YoY) increase, according to a report by real estate and investment firm Colliers.
India surpasses US, Europe by producing 1,681 locomotives for FY2024-25
New Delhi, April 2: India has emerged as a global leader in railway locomotive manufacturing, achieving a record production of 1,681 locomotives in the financial year 2024-25. This milestone surpasses the total locomotive production of regions such as the United States, Europe, South America, Africa, and Australia, reaffirming India's growing dominance in the global railway sector, the Ministry of Railways said in an official statement.
ASSOCHAM urges RBI to hold rates steady in key MPC meet next week
New Delhi, April 2: As the Reserve Bank of India (RBI) prepares for its upcoming monetary policy meeting from April 7 to 9, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Wednesday called for a cautious approach, recommending that the RBI adopt a "wait and watch" stance rather than opting for an immediate rate cut.
Coal production surges 29.7 pc in FY25, dispatches see 33.3 pc growth: Centre
New Delhi, April 2: The Ministry of Coal on Wednesday said that coal production surged to 190.95 million tonnes (MT) in the just-concluded financial year (FY25), marking a remarkable 29.79 per cent growth over the previous fiscal's 147.11 MT.
Indian IT services sector projected to clock mid-single-digit USD growth in FY26
New Delhi, April 2: The Indian IT services sector is projected to clock mid-single-digit USD growth over the medium to long term, led by 2-3 per cent market growth and the rest through market share gains, HSBC Research said on Wednesday.
Manufacturing sector growth surged to 8-month high in March: HSBC
New Delhi, April 2: Manufacturing sector growth in India surged to an eight-month high in March as a faster upturn in total sales underpinned a sharper increase in output, according to an HSBC report released on Wednesday.
Ministry of Coal logs record production, dispatch in captive and commercial Mines in FY25
New Delhi, April 2: The Ministry of Coal has set a new record in captive and commercial coal production and dispatch for the just-concluded financial year 2024-25.
HSBC PMI at eight-month high; India's manufacturing sector sees strong growth in March
New Delhi, April 2: India's manufacturing sector experienced strong growth in March 2025, recovering from the slowdown seen in February.
India less vulnerable to US tariff shocks than others: Report
New Delhi, April 2: India will remain the fastest growing economy among the advanced and emerging G-20 countries and the large size of its domestic market makes the country less vulnerable to potential shocks from US tariff policy.
Deal-making activity in India surges 29.6 pc at $27.5 billion in Q1 2025
New Delhi, April 2: India saw a robust deal-making activity in the first quarter of 2025 (January-March period) -- reaching a three-year high worth $27.5 billion which is a notable 29.6 per cent increase in value compared to the same quarter last year, a report showed on Wednesday.