The Reserve Bank of India on Wednesday projected India's GDP growth for 2025-26 at 6.5% amid the trade jitters due to the US tariffs.
RBI Governor Sanjay Malhotra on Wednesday announced a 25 basis cut in the policy rate from 6.25 per cent to 6 per cent and change in monetary policy stance from neutral to accommodative to accelerate economic growth.
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.
A team of Australian researchers on Tuesday said that 4-degree Celsius rise in global temperatures would cut world GDP by around 40 per cent by 2100 – a sharp increase from previous estimates of around 11 per cent.
India's fiscal deficit up to February 2025 (FY2024-25) was Rs 13.47 trillion ($157.62 billion), or 85.8% of the estimate for the financial year ending March 31, government data showed on Friday.
India's Gross Domestic Product (GDP) is projected to grow at 6.4 per cent in the financial year 2024-25 down from 8.2 per cent growth recorded in 2023-24, according to the first advance estimates released by the Ministry of Statistics on Tuesday.
The ministry expected an uptick in agricultural and industrial activity, along with resilient rural demand in the second half to keep India on a growth path towards achieving 6.4-6.8 per cent expansion by the end of the financial year.
India's achievements with regard to nationally determined contribution has been remarkable with the country's progressively continued decoupling economic growth from greenhouse gas (GHG) emissions. Between 2005 and 2020, India’s emission intensity of Gross Domestic Product (GDP) reduced by 36 per cent.
India's gems and jewellery industry is optimistic over the year ahead after navigating market dynamics in 2024 to become stronger by the year-end, the All India Gem and Jewellery Domestic Council (GJC) said in a statement on Tuesday.
The Reserve Bank of India on Monday said the real Gross Domestic Product growth is expected to recover in the third and fourth quarter of the current financial year.
