The International Monetary Fund (IMF) has raised India’s economic growth forecast to 7.0% for 2026 and 2027 on a fiscal-year basis, citing resilient domestic demand, robust services activity and stronger-than-expected economic momentum. In its October 2026 World Economic Outlook (WEO), the Fund said India remains among the fastest-growing major economies despite higher oil prices and […]
India global growth could play a major role in the next phase of the world economy, according to International Monetary Fund (IMF) Deputy Managing Director Nigel Clarke. Clarke said India has the potential to power the next wave of global growth. He pointed to the country’s strong economic fundamentals, private sector strength and expanding technology […]
SBI Research GDP Growth estimates point to a strong start to FY27. SBI Research expects India’s real GDP to grow by 8 per cent in the first quarter of FY27. The estimate is higher than the Reserve Bank of India’s 7 per cent projection. Moreover, strong indicators across consumption, industry and services support the growth […]
Micro, Small and Medium Enterprises (MSMEs) are crucial to India’s economy, providing around 35.4% of manufacturing, 48.58% of exports, and 31.1% of GDP, according to the Economic Survey 2025-26. As of November 30, 2025, the Self-Reliant India (SRI) Fund, which was founded with a capital of Rs 50,000 crore, had invested Rs 15,442 crore in […]
Hardeep Singh Puri, Minister of Petroleum and Natural Gas, emphasized the significance of India’s energy and shipping sectors during the ‘Revitalizing India’s Maritime Manufacturing Conference’ in Mumbai. He highlighted India’s rapid GDP growth, now at approximately $4.3 trillion, largely driven by trade, which underlines the importance of shipping. India consumes about 5.6 million barrels of […]
India’s Petroleum Minister Hardeep Singh Puri announced that India’s oil refining capacity is expected to rise from 258 MMTPA to around 310 MMTPA by 2030, with long-term goals of reaching 400-450 MMTPA, positioning India as a global refining hub. He highlighted that 20% of existing global refining capacity may close by 2035, creating an opportunity […]
India’s stock exchanges are changing the timing of Diwali Muhurat Trading for the first time in decades. The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will hold a special trading session on October 21 between 1:45 p.m. and 2:45 p.m, marking the beginning of the new Hindu financial year Samvat 2082. Muhurat trading […]
New Delhi, July 2 (IANS): India’s Goods and Services Tax (GST) collection rose to Rs 1.85 lakh crore during June this year, marking a 6.2 per cent increase compared to the same month of the previous year, according to official data released on Tuesday. Although collections registered a robust growth to remain above Rs 1.8 lakh […]
RBI 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the […]
New Delhi, May 27 (IANS) Finance Minister Nirmala Sitharaman will meet representatives of the Confederation of Indian Industry on Tuesday evening to discuss the roll out of reforms in the Goods and Services Tax (GST) regime, according to sources. The Finance Ministry will seek inputs and representations from industry leaders on the proposed rate rationalisation, […]
