Indian economy

India’s Economic Rise Must Now Lift Its People, Says Report

21 Jun 2025

India has surpassed several global economies in terms of total GDP over the last decade. However, its per capita income remains low. A report by Llama Research now urges the country to shift focus toward increasing individual prosperity. Growth Must Reach the People The report emphasized that India’s next phase...

India’s Economy: No Retaliation, But Can It Win Against US Tariffs?

07 Apr 2025

India's economy is sailing through stormy seas following US, under President Donald Trump, imposing a high 26% tariff on Indian imports. Although government officials are still hopeful, estimating 6.3% to 6.8% growth in the 2025/26 fiscal year, private economists are not so sure. They predict that the tariff shock would...

IMF MD predicts Indian Economy to be ‘Little Weaker’ in 2025

11 Jan 2025

Aaccording to IMF Managing Director Kristalina Georgie the Indian economy will be "a little weaker" in 2025. She said the global growth will be steady, but there is major uncertainty over the global economic landscape, mainly about the trade policies of the US. Global economic growth is to have been...

Jairam Ramesh Warns of “Three Dark Clouds” Threatening Growth of Indian Economy

06 Oct 2024

Congress General Secretary Jairam Ramesh has raised concerns over what he describes as "three dark clouds" that pose significant challenges to India's economic growth in the coming years. Taking aim at Prime Minister Narendra Modi and the NDA government, Ramesh criticized what he called the "bombastic claims" regarding the economy,...

Is the World’s Best-Performing Economy Losing Its Shine?

03 Sep 2024

India, often lauded as the world’s fastest-growing major economy, has recently witnessed a slowdown in its GDP growth. In March 2024, CNN termed India as the world’s fastest-growing major economy. However, India’s GDP growth for the quarter ending June 2024 came in at 6.7%, slightly below expectations and 1.5 percentage...

India’s Top 3 Wealthiest Families’ Net Worth Matches Singapore’s GDP

15 Aug 2024

India's three richest families—the Ambanis, Bajajs, and Birlas—hold a combined wealth of $460 billion, a figure comparable to the GDP of Singapore. This staggering valuation highlights the dominance of these family businesses in the Indian economy. Ambani Family Leads the Pack Topping the list is the Ambani family, with a...

Top 7 Key Figures in Budget 2024: Gauging India’s Economic Health Under Sitharaman

23 Jul 2024

Union Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 in Parliament today, marking her 7th consecutive budget and surpassing the record held by the late Morarji Desai. This budget presentation is the first of Narendra Modi's third term as Prime Minister. Union Finance Minister Nirmala Sitharaman,...

Decoding Economic Survey

22 Jul 2024

The wait for the full Budget for 2024-25 is almost over as the Union government is set to table the Economic Survey on Monday. Union Finance Minister Nirmala Sitharaman will table the pre-budget document in Parliament, a day ahead of the Budget presentation. What is an Economic Survey: The Economic...

Gujarat Records FDI Inflow of .3 bn in FY 2023-24

Gujarat Records FDI Inflow of $7.3 bn in FY 2023-24

05 Jul 2024

Gujarat saw an astronomical increase in Foreign Direct Investment (FDI) last year, the latest data by the Ministry of Commerce and Industry has revealed. Registering a 55% increase in the FDI inflow during FY 2023-24 as compared to the previous year, the state received a whopping $7.3 bn in FY...

India to Resume Wheat Imports After Six Years to Boost Reserves

29 May 2024

India is set to resume wheat imports after a six-year hiatus to replenish low reserves and control rising prices following three years of poor harvests. According to sources, this move comes as the end of general elections removes a key obstacle. Officials and other sources told Reuters that New Delhi...

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