Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, on September 7, 2025. | Photo Credit: PTI Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of ₹48,000 crore following reduction in tax rates on a host […]
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Growth in the manufacturing sector quickened to 7.7% in the April-June 2025 quarter, coming on top of a high base of 7.6% in the same quarter of the previous year. File | Photo Credit: Getty Images India’s economic growth rate in the first quarter (April-June) of the current financial year quickened to a five-quarter high of […]
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Deputy Governor Michael D. Patra Even though the global slowdown in 2023 may be milder than anticipated earlier, the trajectory still remains unpredictable, Reserve Bank of India (RBI) officials observed in a bulletin article on the ‘State of the Economy’, adding, however, that India’s economy would likely decouple from the rest of the world. In […]
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Former Finance Minister P. Chidambaram. File | Photo Credit: Karunakaran M. Former Finance Minister P. Chidambaram has panned the government claiming it is living in denial about the internal factors responsible for the economic downslide in the context of the latest Gross Domestic Product (GDP) numbers for the second quarter of this financial year. In […]
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Image for representation purpose only. | Photo Credit: Reuters Manufacturing and mining output contracted year-on-year in the July-September quarter, dragging Gross Value Added growth to a slower-than-expected 5.6%, which together with high inflation and weak exports combined to slow overall Gross Domestic Product (GDP) growth to a 6.3% pace, as per estimates released by the […]
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Economy poised to grow 7.2% even if next 3 quarters clock just 5.4% average growth, says Finance Ministry Economy poised to grow 7.2% even if next 3 quarters clock just 5.4% average growth, says Finance Ministry India’s growth has been robust and inflation in control, even as the world’s major economies are afflicted by slowing […]
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India’s gross domestic product (GDP) growth slowed to a four-quarter low of 4.1% during the January-March period, from 5.4% in the preceding quarter, as manufacturing output shrank, provisional national income estimates released on Tuesday show. As a result, full-year growth came in at 8.7% — a tad lower than the 8.9% pace projected in February. […]
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India’s GDP growth in the fourth quarter (Q4) of 2021-22 could be as low as 2.5% to 2.9%, State Bank of India (SBI) economists have estimated, almost half the 4.8% growth projected earlier by the National Statistical Office (NSO), which will release the official data on May 31. While the NSO’s previous estimate had pegged […]
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‘ There are spillover effects likely to come from the monetary policy tightening by central banks in advanced countries as well’ ‘ There are spillover effects likely to come from the monetary policy tightening by central banks in advanced countries as well’ Chief Economic Adviser V. Anantha Nageswaran on Wednesday said India’s growth is expected […]
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