All posts tagged: India GDP

Amid global uncertainties, parliamentary panel to study evolving economic conditions in India

Amid global uncertainties, parliamentary panel to study evolving economic conditions in India

Published by Parlour News

Image used for representational purposes. File | Photo Credit: Reuters As conflicts and geopolitical uncertainties around tariffs cloud domestic growth, a key parliamentary committee has decided to examine the evolving economic condition of the country. According to a Lok Sabha bulletin, the Standing Committee on Finance has chosen ‘Evolving Economic Conditions in the Country’ as an additional subject for detailed examination during the year 2025-26. Parliamentary panels select their subjects soon after they are constituted. But they are at liberty to select additional subjects, keeping in mind evolving circumstances. Indian economy is estimated to have grown at 7.7% in 2025-26 (April-March), with a robust 7.8% growth in the January-March quarter. India’s GDP had grown at 7.1% in the 2024-25 fiscal year. However, the RBI estimates GDP growth to slow to 6.6% in the current fiscal year as the ongoing conflict in West Asia pushes up cost of fertiliser and fuel globally. India is a net importer of both crude oil and fertiliser. The committee is likely to seek input from the finance ministry, the Reserve …

‘India Will Be Self-Reliant In All Sectors, Women Will Lead’: PM’s Principal Secretary PK Mishra | Business News

‘India Will Be Self-Reliant In All Sectors, Women Will Lead’: PM’s Principal Secretary PK Mishra | Business News

Published by Webster

Last Updated:December 03, 2025, 16:45 IST PK Mishra described the Prime Minister’s governance philosophy as one driven by innovation and reinvention. Principal Secretary to the Prime Minister, Dr PK Mishra. (PTI) Prime Minister Narendra Modi’s Principal Secretary PK Mishra said India is increasingly viewed by many nations- particularly across the Global South- as a Vishwa Bandhu, a trusted global partner that blends modern capabilities with civilizational wisdom. Speaking at the inaugural session of the Centenary Foundation Week of the Indian Institute of Technology (Indian School of Mines) in Dhanbad, PK Mishra outlined the Prime Minister’s long-term vision for India 2047, stressing that the goal is to achieve the status of a developed nation while maintaining harmony with nature and culture and emerging as a global leader in science and technology. He said the country aims to become atmanirbhar across sectors, with women leading the development narrative, an economy that remains inclusive and innovative and a national life free from corruption, casteism and communalism. What PK Mishra Said On Indian Economy Reflecting on India’s economic trajectory …

India becomes trillion economy, surpasses Japan, says NITI Aayog CEO | Latest News India

India becomes $4 trillion economy, surpasses Japan, says NITI Aayog CEO | Latest News India

Published by Parlour News

May 25, 2025 09:09 AM IST BVR Subrahmanyam said India’s economy is now worth $4 trillion and only the United States, China, and Germany have larger economies. NITI Aayog CEO BVR Subrahmanyam said on Saturday that India has overtaken Japan to become the fourth-largest economy in the world. Speaking at a press briefing after the 10th governing council meeting of NITI Aayog, Subrahmanyam said India’s economy is now worth $4 trillion and only the United States, China, and Germany have larger economies. India crosses the $4 trillion mark and overtakes Japan to become the world’s fourth largest economy, said NITI Aayog CEO B V R Subrahmanyam.(PTI) The Niti Aayog CEO quoted data from the International Monetary Fund (IMF) and confirmed that India has now surpassed Japan. “We are the fourth largest economy as I speak. We are a $4 trillion economy as I speak,” PTI quoted Subrahmanyam as saying.  “If we stick to what is being planned and what is being thought through, in 2.5-3 years, we will be the third largest economy,” he added. Asked …

Anantha Nageswaran at Idea Exchange: ‘Lowering cost of doing business, making it easier to operate in domestic economy, will help absorb tariffs’ | Idea Exchange News

Anantha Nageswaran at Idea Exchange: ‘Lowering cost of doing business, making it easier to operate in domestic economy, will help absorb tariffs’ | Idea Exchange News

Published by Parlour News

V Anantha Nageswaran, Chief Economic Advisor, Government of India, on the impact of US tariffs, need for alternative energy sources and the private sector’s role in India’s growth. The session was moderated by The Indian Express Managing Editor P Vaidyanathan Iyer. It’s difficult for me to spell out what the consequences will be if China takes a hardline position. Increasingly then, both sides will find it difficult to back off. Then the law of unintended consequences will take over. So if there is no off-ramp for either side, then we are looking at a very challenging scenario. P Vaidyanathan Iyer: The tariffs on India are not as high as it is on some of its manufacturing rivals. What the US has done to India has been kind, would you say that? As far as we are concerned, the share of exports is relatively lower in the overall scheme of things for the economy. The numbers tell their own story in terms of the reciprocal tariff. It is very difficult to say that one is better …

India’s GDP cut to 6.5%, inflation to 4% as RBI adjusts economic projections amid global uncertainties

India’s GDP cut to 6.5%, inflation to 4% as RBI adjusts economic projections amid global uncertainties

Published by Parlour News

Apr 09, 2025 10:51 AM IST The Reserve Bank of India (RBI) has cut its estimates on both India’s Gross Domestic Product (GDP) and inflation, measured by the Consumer Price Index (CPI). The Reserve Bank of India (RBI) has cut its estimates on both India’s Gross Domestic Product (GDP) and inflation, measured by the Consumer Price Index (CPI), Governor Sanjay Malhotra announced on Wednesday during his monetary policy address. RBI Monetary Policy meeting: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India.(Reuters) The RBI cut its Real GDP forecast for the financial year 2025-26 to be 6.5%, from 6.7% earlier, with the first quarter forecast estimated to be at 6.5% second quarter at 6.7%, third quarter at 6.6%, and fourth quarter at 6.3%. Meanwhile, inflation estimates was cut from 4.2% earlier to 4% now. The first quarter estimate is at 3.6%, second quarter is at 3.9%, third quarter is at 3.8%, and the fourth quarter is slightly higher at 4.4%. News / Business / India’s …

Targeted interventions in labour-intensive sectors, MSMEs needed to take growth to the next level: CII president Sanjiv Puri | Business News

Targeted interventions in labour-intensive sectors, MSMEs needed to take growth to the next level: CII president Sanjiv Puri | Business News

Published by Parlour News

An impetus to manufacturing and targeted interventions in labour-intensive sectors such as footwear, apparel, tourism, and furniture are required to take growth to the next level, Confederation of Indian Industry (CII) president Sanjiv Puri said. In an interview with Aggam Walia and Aanchal Magazine, Puri, who is chairman and managing director of ITC Ltd, also spoke about continuing government schemes for MSMEs which serve as a large employment base. India’s GDP growth is seen slowing to a four-year low of 6.4 per cent in FY25. It’s 6.4 (per cent) in a situation where the whole world is in stress. Of course, we would like to see it better but it’s still a decent number…the first half is 6 (per cent), second half is 6.7 (per cent). So it is showing that it will pick up. There were transient factors in the first half — the elections, weather etc. We must recognise that it is achieved in a situation where merchandise export is depressed, China has been dumping stock in the globe and in India also. …

GDP data: Growth is likely to pick up in second half of the year

GDP data: Growth is likely to pick up in second half of the year

Published by Parlour News

India’s GDP growth is expected to slow down to a four-year low of 6.4 per cent in 2024-25 as per the First Advance Estimates, from 8.2 per cent in 2023-24. That there would be a moderation in growth this year was already known. It was the extent of the moderation which was of particular interest. This estimate also implies that the National Statistics Office has projected a modest step up in growth to 6.7 per cent in the second half of the year, from 6 per cent in the first half, amid a broad-based uptick across agriculture, industry and services. The NSO’s 2024-25 estimate is marginally lower than our forecast of 6.5 per cent for the year. We anticipate the pace of expansion to accelerate to 6.9 per cent in the second half, owing to better outcomes for mining, manufacturing, trade, hotels, transport, communication and services related to broadcasting segments, and gross fixed capital formation relative to the implicitly assumed rates for this period in the first advance estimates. The dissipation of the monsoon-related disruptions …

India’s economy projected to grow 6.4% in FY25, the slowest in four years

India’s economy projected to grow 6.4% in FY25, the slowest in four years

Published by Parlour News

The Indian economy is projected to grow at its slowest pace in four years in the 2024-25 financial year on the back of weaker consumption and muted exports, with pressure building on the Reserve Bank of India (RBI) to cut interest rates. Representational image. Real or inflation-adjusted gross domestic product (GDP) rose 6.4% in the 2025 fiscal, according to the first advance estimates released by the ministry of statistics on Tuesday, compared to a provisional estimate of 8.2% growth in the previous year. The RBI had lowered its growth projection for the current financial year to 6.6% from 7.2%. The slower expansion of Asia’s third largest economy comes in the wake of higher interest rates amid elevated inflation, especially of food commodities. The central bank has kept the repo rate steady for nearly 18 months after raising it by 250 basis points to 6.5% between May 2022 and February 2023. A basis point is one-hundredth of a percentage point, citing continued risks from food inflation. GDP, the most widely used measure of national income, is …

India’s FDI Hits ,000 Billion Since Turn Of Century. Biggest Investor Is…

India’s FDI Hits $1,000 Billion Since Turn Of Century. Biggest Investor Is…

Published by Webster

New Delhi: This week India crossed a major milestone as a top global investment destination. Latest data reveals that Foreign Direct Investment into India crossed the thousand-billion-dollar mark since the turn of the century, showing how India has been the favoured destination for foreign investors. The data released by the Department for Promotion of Industry and Internal Trade or DPIIT showed that the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at USD 1,033.40 billion (or $1 trillion) between April 2000 and September 2024. To get a perspective of just how gigantic a trillion dollars really is, let’s take this simple example – If a person was to earn one dollar (Rs. 84) per second (i.e. a trillion dollars in trillion seconds) – then it would take the person 11.5 days to earn a million dollars. But here’s where is gets interesting. Continuing to earn a dollar a second, it would take the person 31.7 years to reach the billion-dollar mark, and a staggering 31,709 years to reach the trillion-dollar figure. …

Govt mulls change in base year to 2022-23 from 2011-12 for computation of GDP

Govt mulls change in base year to 2022-23 from 2011-12 for computation of GDP

Published by Parlour News

The government is considering changing the base year for computation of the GDP to 2022-23 in February 2026 to reflect an accurate picture of the economy, a top Government official said. This will be the first revision in over a decade. It was last done in 2011-12. Addressing an event here, Ministry of Statistics and Programme Implementation (MoSPI) Secretary Saurabh Garg further said the ministry will come up with monthly estimates of Periodic Labour Force Survey (PLFS) from January next year. “…next base year (GDP) will be 2022-23…will be implemented from February 2026,” Mr. Garg said. The 26-member Advisory Committee on National Accounts Statistics (ACNAS), which was constituted under the Chairmanship of Biswanath Goldar, is expected to complete the exercise by early 2026. Regularly updating the base year is essential to ensure that indices accurately reflect changes in the economy’s structure, such as shift in consumption pattern, sector weight and the incorporation of new sectors. Mr. Garg said that MoSPI is in process of starting procedure of economic census. He also pitched for promoting data …