India Economic Growth News - Latest Updates & Headlines
IMEC will help India become world's 3rd-largest economy: Mansukh Mandaviya
New Delhi, April 16: The India-Middle East-Europe Economic Corridor (IMEC) will play a crucial role in making India the world's third-largest economy, Union Labour and Employment Minister Dr. Mansukh Mandaviya said here on Wednesday.
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.
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.
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.
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 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.
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.
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.
Electronic manufacturing a growth opportunity for Indian auto component makers: Jefferies
New Delhi, March 13: India's fast-growing electronics manufacturing sector is creating new opportunities for auto-component companies, allowing them to leverage their expertise in precision manufacturing and global technology partnerships, according to Jefferies.
India's achievements, successes sparked a new wave of hope across the globe: PM Modi
New Delhi, March 6: Prime Minister Narendra Modi on Thursday said that India's achievements and successes sparked a new wave of hope across the globe, adding that once perceived as a nation that would sink itself and others, the country is now driving global growth.
India sets big targets now, is witnessing rapid progress: PM Modi
New Delhi, March 6: Noting that India now thinks big, sets high targets and delivers big results, Prime Minister Narendra Modi on Thursday said that India has emerged as a driving force propelling global growth.
India's services sector recorded robust growth in Feb: HSBC
New Delhi, March 5: India's services sector recorded a robust growth in February, with the activity index rising to 59 from 56.5 in the previous month, according to the HSBC PMI survey released on Wednesday.
People-centric policies turned India into most aspirational nation in the world: V-P Dhankhar
Mumbai, March 1: Vice President Jagdeep Dhankhar on Saturday said India at the moment is in an economic upsurge with phenomenal infrastructural growth, deep digitisation, and technological penetration because people of the country have tasted the fruits of development in the last decade.
Future growth trajectory of India will be led by revival in private investment: SBI
New Delhi, March 1: Future growth trajectory of the country will be led by revival in the private investment, according to a report by the State Bank of India (SBI).
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.
India can be the engine of global growth, says FM Sitharaman
New Delhi, February 27: Finance Minister Nirmala Sitharaman emphasized India's potential to lead the global technology landscape, highlighting the country's ability to implement advancements at a population scale.
India's economic growth outlook remains stable despite global uncertainties: Report
New Delhi, February 27: India's economic growth outlook remains stable despite global uncertainties according to a report by Boston Consulting Group (BCG).
India's institutional investor sector sees 69 pc surge in hiring: Report
New Delhi, Feb 26: There has been a robust 69 per cent growth in hiring in India’s institutional investor sector over the last two years, driven by a surge in market capitalisation, according to a study conducted by CIEL HR Services.
Union Minister Piyush Goyal highlights ports, shipping, and logistics as key to India's economic growth
Mumbai, February 26: Union Minister of Commerce & Industry Piyush Goyal underscored the critical role of ports, shipping, and logistics in India's economic growth at the 12th Biennial International Conference on Ports, Shipping & Logistics 2025, held in Mumbai on Tuesday.
HM Shah upbeat on Madhya Pradesh's approach to accrue Rs 30 lakh crore in 2 days
Bhopal, Feb 25: Trumpeting the grand figure of Rs 30 lakh crore in investment commitments accrued during the two-day Global Investors Summit (GIS-2025) held in Bhopal, Union Home Minister, Amit Shah proclaimed that the Indian economy, which has already ascended from the 10th to the 5th position globally, will soon become the third largest in the world by 2027.
Even in global uncertainty, one thing is certain -India's rapid growth: PM Modi on Advantage Assam 2.0
New Delhi, February 25: The Prime Minister Narendra Modi inaugurated the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 in Guwahati, Assam on Tuesday.
GCCs account for 37 pc of office space leased in India's top 7 cities: Report
New Delhi, Feb 24: The growing presence of GCCs (global capability centres) of multinational companies in India's top 7 cities now accounts for as much as 37 per cent of the office space market in the country, according to a report released by real estate consultancy Anarock on Monday.
India Inc to clock 7-8 pc growth in Q4 FY25 led by uptick in rural demand, govt spending
New Delhi, Feb 24: Led by revival in rural demand and uptick in government spending, Indian companies are expected to clock a healthy 7-8 per cent revenue growth in the last quarter of current fiscal (Q4 FY25), a report showed on Monday.
India at forefront of providing growth engine to world, contributing 16 pc of Global growth: Goyal
Kochi, February 21: India is at the forefront of providing growth engine to world and contributing 16 per cent of world's overall growth, says Union Minister Commerce & Industry Piyush Goyal.
India's private sector output surged to 6-month high in Feb: HSBC survey
New Delhi, Feb 21: Private sector output in India increased at the fastest pace in six months during February, amid a quicker expansion in services activity, according to HSBC's flash PMI data survey released on Friday.
India needs to become export-driven economy in electronics, chemicals, and energy to achieve 2047 goal: Report
New Delhi, February 21: India must transition from a net importer to an export-driven economy in key sectors such as electronics, chemicals, and energy to achieve its goal of becoming a high-income, tech-driven nation by 2047, according to a new report by Bain & Company, a global consultancy firm.
India's private sector growth hits six-month high in February: HSBC Flash PMI data
New Delhi, February 21: India's private sector output surged to a six-month high in February, powered by a sharp expansion in services activity, according to the latest HSBC Flash PMI data.
India to transform into high-income country with GDP of $23–$35 trillion by 2047
New Delhi, Feb 20: India is set to transform into a high-income country with a projected GDP of $23–$35 trillion by 2047, driven by sustained annual growth of 8-10 per cent, according to a report on Thursday.
India's insurance market poised to reach $222 bn by 2026, growing at 17% CAGR: Report
New Delhi, February 18: India's insurance sector has witnessed significant growth and development over the past few years with the domestic insurance market grown at a CAGR of 17 per cent over the last 2 decades and is expected to reach a size of USD 222 billion by 2026, according to Teamlease Regtech report.
Trade agreement with US likely to be finalised by end of 2025: Piyush Goyal
New Delhi, February 16: Union Commerce and Industry Minister Piyush Goyal on Sunday said that the first tranche of the Bilateral Trade Agreement (BTA) with the United States is expected to be concluded by the fall of 2025.
India to introduce new policies for toys, footwear manufacturing: Piyush Goyal
Bengaluru, February 13: Union Minister of Commerce and Industry, Piyush Goyal, announced that the government will soon introduce new policies to further promote the manufacturing of toys and footwear in India. The aim is to make the country a global leader in these sectors.
India's Index of Industrial Production records 3.2% growth in December
New Delhi, February 12: The Index of Industrial Production (IIP) grew 3.2 per cent in December which was 5.2 per cent the month prior, quick estimates released by the statistics ministry showed Wednesday.
India to prioritize energy infrastructure in capex shift from FY25-30: Report
New Delhi, February 9: India's capital expenditure from FY25-30 is expected to pivot from public-led transport infrastructure to a more balanced investment in energy infrastructure, which includes electricity generation and the integration of power grids for efficient transmission and distribution, according to BNP Paribas report.
India's services sector records sharp expansion in January, surge in hiring: HSBC
New Delhi, Feb 5: There was a sharp expansion in India's services business activity during January this year, although the growth rate was slower than December, according to the HSBC India PMI survey released on Wednesday.
Union Budget reflects 2047 Viksit Bharat, says CM Chandrababu Naidu
New Delhi, February 3: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Monday asserted that the 2025-26 Union Budget reflects the 2047 Viksit Bharat vision, adding that the country is a pull factor for global economic growth.
India needs 8% annual growth for achieving Viksit Bharat target: Economic Survey
New Delhi, January 31: India needs to grow around 8 per cent for a decade or two to achieve its Viksit Bharat dreams, the Economic Survey has asserted, at a time when the country's growth showed weak progress in the first two quarters of the current financial year.
Union Budget 2025 to act as catalyst for India's $5 trillion economy goal
New Delhi, Jan 29: India’s goal of becoming a $5 trillion economy calls for policies that promote sustainable and inclusive growth and the Union Budget 2025-26 can act as a catalyst for growth while ensuring equity and efficiency in the economy, a pre-budget survey showed on Wednesday.
62 pc HNIs and UHNIs plan to buy luxury properties in India in next 12-24 months
New Delhi, Jan 28: Confidence in India's economic growth remains strong and 62 per cent of high-net-worth individuals (HNIs) and ultra high-net-worth individuals (UHNIs) have expressed desire to buy luxury properties in the country in the next 12-24 months, according to a report on Tuesday.
Minister Ashwini Vaishnaw highlights India's export-led growth and inclusive development at Davos
Davos, January 24: Addressing global leaders and industry captains, Ashwini Vaishnaw, Union Minister of Information and Broadcasting, Railways, Electronics and IT presented India's vision of inclusive development and its remarkable growth story at the World Economic Forum in Davos.
India records 39 per cent surge in investments to Rs 32 lakh crore in 9 months of FY 25
New Delhi, Jan 24: India has recorded a robust 39 per cent surge to Rs 32 lakh crore in domestic investments announced by public and private sector companies during the first nine months (April-Dec) of the current financial year (FY25), compared to the corresponding figure of Rs 23 lakh crore for the same period of the previous financial year, according to data compiled by the State Bank of India (SBI).