Prime Minister Narendra Modi on Thursday asked the steel industry to come together to build a resilient, revolutionary and steel-strong India.
As the government forecasts a second consecutive year of above-average monsoon rainfall, the implications for India’s economy ~ and particularly its rural heartland ~ are profound.
"I am confident that within the next few years, we will be the third-largest economy in the world," the Union Home Minister said.
NITI Aayog CEO B V R Subrahmanyam on Thursday said the Indian economy will be bigger than Germany and Japan in the next three years.
India's central bank has once again stepped in with a measured response to the growing economic uncertainty by cutting the repo rate by 25 basis points, bringing it down to 6 per cent.
The Economic Survey tabled by Union Finance Minister Nirmala Sitharaman on Friday showcased key developments in the Indian economic landscape, from growth numbers to banking sector performances. It highlighted that India’s economy is projected to expand between 6.3 per cent and 6.8 per cent in the financial year 2025-26 (FY26).
While a massive 4.67 crore additional jobs were created in the Indian economy in the financial year ended March 2024, the fast pace of employment generation has continued into 2024-25 in both the formal and informal sectors, official data shows.
The Indian economy and the domestic financial system are underpinned by strong macroeconomic fundamentals, healthy balance sheets of banks and non-banks with returns on assets at decadal highs, according to the RBI financial stability report released on Monday.
Notably, the rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday.
Indian economy is to grow at 6.6% in 2025-26, up from 6.4% in the current fiscal year, India Ratings and Research (Ind-Ra) projected on Wednesday.
