Review of Krishnamurthy Subramanian’s India@100 — Envisioning Tomorrow’s Economic Powerhouse: Dreams, with a catch
7 months ago

Review of Krishnamurthy Subramanian’s India@100 — Envisioning Tomorrow’s Economic Powerhouse: Dreams, with a catch

The Hindu  

Goldman Sachs expects India’s economy to grow to $50 trillion by 2075, that is, in a little over 50 years from now. But former chief economic adviser to the Narendra Modi government, Krishnamurthy Subramanian, in a new book, India@100: Envisioning Tomorrow’s Economic Powerhouse, believes that India has the potential to do far better and that it could possibly become even a $55 trillion economy in less than 25 years when India celebrates its 100th Independence day in 2047. That’s because if India’s real GDP grows at 8% and the Reserve Bank of India manages to keep inflation around its 4% target against the country’s historical average of 7%, the Indian rupee could depreciate at a far slower pace of around 0.45% per year going forward against the U.S. dollar compared to the 3.5% to 4.5% depreciation witnessed between 1990 and 2020, helping boost India’s GDP in U.S. dollar terms to $55 trillion by 2047. Indian living standards, of course, would be much lower if we grow at 8% rather than at 12.5% in real terms till 2047, but at least technically India would be a $55 trillion economy. India@100: Envisioning Tomorrow’s Economic Powerhouse; Krishnamurthy Subramanian, Rupa, ₹995.

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History of this topic

How India saw a billionaire boom in just 10 years
2 days, 19 hours ago

How India saw a billionaire boom in just 10 years

India Today  

A decade ago, India’s billionaire club was an elite circle, with only 70 names making the list in 2014. "About 62% of India’s billionaires saw their wealth increase this year, which reflects the strong economic trends at play," said Anas Rahman Junaid, Founder and Chief Researcher at Hurun India. India’s billionaire wealth now stands at Rs 98 lakh crore, and …

Equity analysis: India’s billionaire boom isn’t a sign of a hunky-dory economy
4 days, 20 hours ago

Equity analysis: India’s billionaire boom isn’t a sign of a hunky-dory economy

Live Mint  

In a recent talk at the Institute for Social and Economic Change, economist Sanjay Reddy noted a startling fact about India’s growth process. This anomaly—of a high number of billionaires co-existing with low average income—raises critical questions about wealth distribution, economic inequality and the nature of India’s growth story. Over the past 25 years, India’s economy has grown roughly eightfold …

India’s GDP Soars To $4.3 Trillion, Poised To Surpass Japan And Germany By 2027
1 week, 1 day ago

India’s GDP Soars To $4.3 Trillion, Poised To Surpass Japan And Germany By 2027

ABP News  

India’s GDP has surged from $2.1 trillion in 2015 to an estimated $4.3 trillion in 2025, reflecting an impressive 105 per cent increase, according to inflation-adjusted data from the International Monetary Fund. The growth trajectory positions India as a global economic powerhouse, poised to surpass Japan in 2025 and Germany by 2027, according to the report findings which was shared …

India’s GDP doubles to $4.3 trillion in 2025 from $2.1 trillion in 2015
1 week, 1 day ago

India’s GDP doubles to $4.3 trillion in 2025 from $2.1 trillion in 2015

Op India  

India has reached a remarkable economic milestone, doubling its GDP from USD 2.1 trillion in 2015 to an impressive USD 4.3 trillion in 2025, marking an extraordinary 105 per cent growth that stands unmatched by any other major global economy, said BJP leader Amit Malviya. In the post he added, “India has achieved a remarkable economic milestone, doubling its GDP …

The road to a $1 trillion economy
Trending News
1 week, 4 days ago

The road to a $1 trillion economy

The Hindu  

These days, Tamil Nadu has been at the centre of national attention over a host of issues such as delimitation and the implementation of the National Education Policy and the use of the Tamil letter ‘Roo’ instead of the Indian currency symbol ‘₹’ in the promotional logo for the latest State Budget. Amid the brouhaha, the State government has brought …

Gross domestic product: Grossly inadequate as a measure of well-being
3 weeks ago

Gross domestic product: Grossly inadequate as a measure of well-being

Live Mint  

The statistics ministry recently released a bunch of fresh data-sets related to India’s gross domestic product across three years, including a guesstimate of expected economic growth for the current year ending on 31 March. These data-sets managed to generate the usual commentary, controversy and divided opinions about the state of India’s economic well-being, despite a newly elected president halfway across …

India’s economy grew 66% in last decade: PM Modi at post-Budget webinar
Trending News
3 weeks, 4 days ago

India’s economy grew 66% in last decade: PM Modi at post-Budget webinar

Hindustan Times  

Prime Minister Narendra Modi said on Wednesday that India’s economy grew 66% over the last decade, citing a February report from the International Monetary Fund. Speaking at a post-budget webinar on employment generation, Modi highlighted what he called “remarkable observations” from the IMF regarding India’s economic performance. “Such a participatory model is rare, but I am happy that this annual …

Battle for growth: On India’s economic trajectory
Trending News
3 weeks, 6 days ago

Battle for growth: On India’s economic trajectory

The Hindu  

There was a significant uptick in India’s economic trajectory, in the December quarter of this financial year, registering a 6.2% real GDP growth rate, compared with a low revised estimate of 5.6% in the previous quarter. The 6.2% growth rate also suggests that the government’s full-year growth target of 6.5% is virtually unattainable, given global headwinds of tariffs that could …

Securing the growth path
4 weeks ago

Securing the growth path

Hindustan Times  

Last Friday’s GDP numbers were best summarised by HSBC chief India economist Pranjul Bhandari in a research note, “a beautiful past, predictable present”. We will know in May whether the March quarter numbers meet the assumed 7.6% target required to take 2024-25 GDP growth to the estimated 6.5%. Now, economic policy must preserve the relative comfort of the country being …

Viksit Bharat’2047 a realisable ambition, per capita income needs to grow at 7.3%: Panagariya
4 weeks, 1 day ago

Viksit Bharat’2047 a realisable ambition, per capita income needs to grow at 7.3%: Panagariya

Live Mint  

New Delhi, Mar 1 The 16th Finance Commission Chairman Arvind Panagariya on Saturday said India's aim to become a developed nation by 2047 is a "realisable ambition" for which the country’s per-capita income needs to grow at 7.3 per cent in dollar terms to USD 14,000 over the next 24 years. Speaking at the 49th Civil Accounts Day, Panagariya said …

Chief economic advisor calls out the paradox of India’s private sector investing abroad amid global uncertainties
Trending News
1 month ago

Chief economic advisor calls out the paradox of India’s private sector investing abroad amid global uncertainties

Live Mint  

New Delhi: The government’s chief economic advisor V. Anantha Nageswaran called on the private sector that’s been ramping up investments in overseas markets despite global uncertainties to also pour money into a country that’s outperforming several major economies: India. India’s statistics ministry on Friday, presenting its second advance estimates for 2024-25, marginally raised its India GDP growth estimate to 6.5% …

India’s GDP growth forecast: Indian economy grew at 6.2% in Q3 GDP data of 2024-25, down from 9.5% in the previous year
1 month ago

India’s GDP growth forecast: Indian economy grew at 6.2% in Q3 GDP data of 2024-25, down from 9.5% in the previous year

The Hindu  

India’s real Gross Domestic Product grew 6.2% in the October to December 2024 period, the third quarter of the fiscal year, picking up pace from the 5.6% growth recorded in the previous quarter, according to data released by the National Statistics Office on Friday. “On the demand side, recovery in consumption growth, government expenditure and export growth look encouraging.” Exports …

India needs 7.8% average annual growth to become a high-income country by 2047: World Bank
1 month ago

India needs 7.8% average annual growth to become a high-income country by 2047: World Bank

Live Mint  

India will need its economy to grow at an average annual rate of 7.8 per cent to become a high-income country by 2047. The World Bank said in its India Country Memorandum titled ‘Becoming a High-Income Economy in a Generation’ that India's growth averaged 6.3 per cent between 2000 and 2024. For India to become a high-income economy by 2047, …

Growth accelerates, but remains too slow to achieve mission 2047
1 month ago

Growth accelerates, but remains too slow to achieve mission 2047

New Indian Express  

India’s GDP growth rebounded in the third quarter to 6.2 percent, ending the slowdown streak seen over the previous few quarters. According to Chief Economic Adviser V Anantha Nageswaran, the fourth quarter needs to turn in 7.6 percent growth to achieve the full-year estimate, which saw a modest revision upwards on Friday. Though government expenditure and investments are likely to …

‘Seamless credit access, strong fiscal industry crucial for T.N. to achieve $10 trillion economy’
1 month, 2 weeks ago

‘Seamless credit access, strong fiscal industry crucial for T.N. to achieve $10 trillion economy’

The Hindu  

R. Mukundan, vice-president, Confederation of Indian Industry, and MD and CEO of Tata Chemicals, on Monday said seamless credit access and strong fiscal policies were crucial for South India to achieve its $10 trillion economy goal. Strengthening EV infrastructure and fostering industry-policy collaborations will be key to accelerating South India’s global competitiveness in sustainable technologies,” he said at the inaugural …

India’s Economic Surveys deserve a lot more attention than they usually get
1 month, 3 weeks ago

India’s Economic Surveys deserve a lot more attention than they usually get

Live Mint  

Economic Surveys tend to have a short shelf life. The latest survey cautions against the “risk of financialisation"—or the “dominance of financial markets in shaping policy and macroeconomic outcomes"— and of “asset price bubbles that are now endemic in the West." These markets, it notes, are central to India’s growth story, catalysing capital formation for real economic activity, enhancing the …

Chandrajit Banerjee | FM lays down a transformative blueprint for India’s growth
1 month, 4 weeks ago

Chandrajit Banerjee | FM lays down a transformative blueprint for India’s growth

Deccan Chronicle  

The Union Budget 2025-26, unveiled by finance minister Nirmala Sitharaman, adeptly navigates the imperative of addressing immediate economic priorities while charting a path towards India’s long-term aspiration of becoming a developed nation by 2047. Other major infrastructure initiatives include the extension of the Jal Jeevan Mission, the creation of an Urban Challenge Fund, the launch of a Nuclear Energy Mission, …

Takeaways from India’s budget that slashes income tax on the salaried middle class to spur growth
1 month, 4 weeks ago

Takeaways from India’s budget that slashes income tax on the salaried middle class to spur growth

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing. In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in …

External factors responsible for slowdown in growth: CEA Anantha Nageswaran
1 month, 4 weeks ago

External factors responsible for slowdown in growth: CEA Anantha Nageswaran

New Indian Express  

NEW DELHI: The golden era of globalisation probably disappearing amid geopolitical and policy uncertainties, resulting in the economic growth slowdown, Chief Economic Adviser V Anantha Nageswaran said on Friday. India's economy is likely to expand by 6.3 to 6.8 per cent in the coming fiscal, much lower than what is needed to become a developed country, and requires deregulation and …

India Needs To Grow At 8 Per Cent For Two Decades To Become Developed Nation By 2047: Economic Survey 2025
1 month, 4 weeks ago

India Needs To Grow At 8 Per Cent For Two Decades To Become Developed Nation By 2047: Economic Survey 2025

ABP News  

Chief Economic Adviser, V Anantha Nageswaran, on Friday said that India needs to grow at a faster pace to become a developed country by 2047. The Economic Survey 2025, released on Friday in the Parliament, noted that India needs to maintain a growth rate of 8 per cent for up to two decades to achieve the target of becoming a …

Economic Survey 2024-25: India’s Growth Roadmap, Key Insights, and Future Projections
1 month, 4 weeks ago

Economic Survey 2024-25: India’s Growth Roadmap, Key Insights, and Future Projections

Op India  

The Union Finance Ministry on 30 January released the Economic Survey for the financial year 2024-25, ahead of presenting the budget for the next financial year. The Economic Survey 2024-25 provides a detailed assessment of India’s economic performance over the past year and outlines future growth prospects. The survey also notes the growth in insurance industry and expansion of India’s …

AP aims at $2.4 trillion economy: CM
2 months, 2 weeks ago

AP aims at $2.4 trillion economy: CM

Deccan Chronicle  

Vijayawada: Chief Minister N. Chandrababu Naidu has stressed the importance of tackling economic inequalities, and committed himself to raise the financial status of the poor across Andhra Pradesh. He stated on Thursday, “We aim for a $2.4 trillion economy and a per capita income of $42,000 by 2047; we are committed to building a prosperous and inclusive Andhra Pradesh, focusing …

WEF says India remains fastest-growing major economy but global growth to weaken in 2025
2 months, 2 weeks ago

WEF says India remains fastest-growing major economy but global growth to weaken in 2025

Firstpost  

India, the world’s fastest-growing major economy, is projected to maintain robust growth, according to a survey of chief economists carried out by the World Economic Forum The global economy is likely to face significant headwinds in 2025, with most chief economists predicting weaker conditions, according to a new report released Thursday by the World Economic Forum. The Chief Economists Outlook …

The week in charts: GDP estimate, Nadella’s plan, ₹100 crore homes
2 months, 2 weeks ago

The week in charts: GDP estimate, Nadella’s plan, ₹100 crore homes

Live Mint  

The first advance estimates released on Tuesday forecast India's growth at 6.4%, the slowest in four years. Services dominance India’s services exports surpassed goods exports, reaching $35.7 billion—about $3 billion more than goods--in November 2024, preliminary data showed. India’s share in global services exports has steadily grown, reaching 4.2% by 2023, while its share in goods exports has remained flat …

Finance ministry charts path to $5 trillion by FY29
2 months, 2 weeks ago

Finance ministry charts path to $5 trillion by FY29

Hindustan Times  

Unleashing the productive potential of micro, small and medium enterprises; streamlining regulatory obligations; ensuring land availability at reasonable price; and securing energy needs -- these are some of the measures that will “guarantee” further acceleration of India’s economic growth, according to a note prepared by the Union finance ministry. Last month, the parliamentary standing committee on finance led by senior …

India’s economy projected to grow 6.6% in 2025, driven by private demand, investment: UN
2 months, 2 weeks ago

India’s economy projected to grow 6.6% in 2025, driven by private demand, investment: UN

Live Mint  

The Indian economy is projected to expand by 6.6 per cent in 2025, primarily supported by robust private consumption and investment, according to a United Nations report. It also said that the near-term outlook for South Asia is expected to remain robust, with growth projected at 5.7 per cent in 2025 and 6.0 per cent in 2026, “driven by strong …

UN predicts India’s economy to grow at 6.6% with strong private consumption, investment
2 months, 2 weeks ago

UN predicts India’s economy to grow at 6.6% with strong private consumption, investment

Firstpost  

As per the UN World Economic Situation and Prospects 2025, the Indian economy is forecast to expand by 6.6 per cent in 2025. The Indian economy is projected to return to the 6.8 per cent growth in 2026 The Indian economy is expected to grow by 6.6 per cent in 2025. The Indian economy is projected to expand by 6.6 …

India’s economy projected to grow 6.6% in 2025, supported by strong private consumption, investment: UN
2 months, 2 weeks ago

India’s economy projected to grow 6.6% in 2025, supported by strong private consumption, investment: UN

The Hindu  

The Indian economy is projected to expand by 6.6% in 2025, primarily supported by robust private consumption and investment, according to a United Nations report that said economic growth in South Asia is expected to remain robust this year mainly driven by the "strong performance" in India. The UN World Economic Situation and Prospects 2025, released in United Nations on …

Decoding India’s growth slowdown
Trending News
2 months, 3 weeks ago

Decoding India’s growth slowdown

The Hindu  

The first advance estimates of India’s Gross Domestic Product in 2024-25, released by the National Statistics Office this week, shows a decline in the real GDP growth rate to 6.4% from 8.2% registered in 2023-24. The annual growth rates of real gross fixed capital formation in public and private sectors During the 10 years of the United Progressive Alliance rule, …

A little more ambition and resolve could boost India’s economic expansion
2 months, 3 weeks ago

A little more ambition and resolve could boost India’s economic expansion

Live Mint  

Planet Earth completed a revolution around the sun and we all celebrated it with gusto, calling it a New Year. There is much discussion around ‘known unknowns’ or ‘unknown unknowns’ of a world awash in debt and beset with rising interest burdens and global trade patterns having taken a geopolitical turn, with portents of trade and currency wars, perhaps even …

Watch: Indian economy: what to expect in 2025?
2 months, 3 weeks ago

Watch: Indian economy: what to expect in 2025?

The Hindu  

At the start of 2024, there was a lot of excitement about the Indian economy - the country was one of the fastest growing economies in the world and there was anticipation that India will become a $4 trillion economy in 2024-25 and become the world’s third-largest economy by 2027. However, the latest data from the National Statistics Office showed …

India Sees Economic Growth at 6.5% for the Year Through March
3 months ago

India Sees Economic Growth at 6.5% for the Year Through March

Live Mint  

-- India expects the economy to grow at around 6.5% in the year through March, against 8.2% a year before, after the economy slowed unexpectedly in the July-September quarter. “We expect the economy to grow at around 6.5% in real terms in financial year 2024-25,” the Department of Economic Affairs said in its monthly economic review for November. “India’s growth …

India’s Economy Is Likely to Grow by 6.5 per Cent in the Current and the Next Financial Year
3 months ago

India’s Economy Is Likely to Grow by 6.5 per Cent in the Current and the Next Financial Year

Deccan Chronicle  

New Delhi: India's economy is likely to grow by 6.5 per cent in the current and the next financial year, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. The economy continued to be negative even in October 2024 at 8.4 per cent, implying that in the first seven …

How the Indian economy fared in 2024, in 9 charts
3 months, 1 week ago

How the Indian economy fared in 2024, in 9 charts

Live Mint  

The year 2024 kept governments across the world on tenterhooks, with more than 60 countries, including India, holding elections, injecting uncertainty about how the outcomes would shape future fiscal, monetary, and trade policies. The Indian economy faced several challenges in 2024, from slowing growth to stubborn inflation to risks associated with personal loan growth. While the fight against inflation made …

Indian economy set for resilient growth in 2025; urban consumption, infra investment to be key: S&P
3 months, 2 weeks ago

Indian economy set for resilient growth in 2025; urban consumption, infra investment to be key: S&P

Firstpost  

In its India outlook for 2025, S&P also retained India’s growth forecast for current fiscal at 6.8 per cent, followed by 6.9 per cent growth in 2025-26 S&P Global Ratings on Tuesday said the Indian economy is set for “resilient growth” in 2025 and projected inflation pressure to recede which will lead to “modest” easing of the monetary policy by …

The reforms we need to achieve 2047 goal
3 months, 3 weeks ago

The reforms we need to achieve 2047 goal

New Indian Express  

India needs to grow at around 8 percent a year through the next few decades to become a developed nation by 2047. Continuous reforms can help unlock India’s growth potential and place it firmly on the required 7.5 - 8 percent growth trajectory. India’s focus on reforms even during the tumultuous pandemic has been one of the key drivers of …

Morgan Stanley sees Sensex at 93,000 by 2025 end, remains bullish on India’s long-term growth
3 months, 3 weeks ago

Morgan Stanley sees Sensex at 93,000 by 2025 end, remains bullish on India’s long-term growth

Live Mint  

As the calendar turns to 2025, India's equity market continues to maintain a positive trajectory, buoyed by strong fundamentals and a degree of insulation from global economic turbulence. Despite a 6 per cent correction in Indian benchmarks the Sensex and Nifty from recent highs, triggered by substantial foreign institutional investor sell-offs in October, Morgan Stanley remains optimistic about the country’s …

India's growth offers phenomenal opportunities to American investors: K V Subramanian
3 months, 3 weeks ago

India's growth offers phenomenal opportunities to American investors: K V Subramanian

Deccan Chronicle  

Washington: Of the belief that India is headed to be a USD 55 trillion economy by 2047, India's Executive Director at the IMF Dr K V Subramanian said India's growth offers phenomenal opportunities to American investors. "The opportunities that are available for the American investors actually are phenomenal., I don't think there is any other economy that is actually going …

India’s GDP growth shocker: Bad news can be good too
3 months, 3 weeks ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

India’s Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor
3 months, 4 weeks ago

India’s Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor

Deccan Chronicle  

New Delhi: In line with the Economic Survey, India's chief economic advisor V Anantha Nageswaran on Monday said that the country's potential GDP growth is in the range of 6.5-7 percent and the country should be able to achieve it on the back of things that have already happened in the last 10 years whether it is in terms of …

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn
5 months, 1 week ago

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn

The Hindu  

Karnataka's economy outperformed the national average with a GSDP growth of 10.2% in FY 2023-24, despite global economic challenges. The State's agriculture sector faced negative growth due to drought conditions, while its IT and hardware sectors were vulnerable to global recessionary fears. However, strategic governance and diversified growth drivers have ensured resilience. The State's per capita GSDP remains among the …

India to Drive 20% of Global Economic Growth in Next Decade: G20 Sherpa Amitabh Kant
6 months, 2 weeks ago

India to Drive 20% of Global Economic Growth in Next Decade: G20 Sherpa Amitabh Kant

News 18  

India will be driving 20 per cent of the world’s economic growth in the next decade as it continues its march to become the third largest economy globally, according to G20 Sherpa Amitabh Kant. The country will be driving 20 per cent of the world’s economic growth in the next decade, he added. “If India is to grow at 9-10 …

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters
7 months ago

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Hindustan Times  

India's Gross Domestic Product moderated to 6.7% during the first quarter of the financial year 2024-25, compared to the 8.2% growth seen in the same quarter of the previous year, according to the data released by the Ministry of Statistics and Programme Implementation on Friday, August 30, 2024. India's GDP moderates to 6.7% in Q1 2024-25 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …

India can be a $55 trillion economy by 2047 with 8% real growth, says IMF Executive Director
7 months, 3 weeks ago

India can be a $55 trillion economy by 2047 with 8% real growth, says IMF Executive Director

The Hindu  

“India can be a $55 trillion economy by 2047 as we are targeting 8% real growth and 5% inflation,” said Krishnamurthy V. Subramanian, Executive Director, International Monetary Fund & Former Chief Economic Advisor, Government of India. “To put this further into perspective, Japan experienced remarkable economic growth from 1970 to 1995, demonstrating the power of sustained development. China’s economic growth …

NITI Aayog Envisions India as $30 Trillion Economy by 2047
8 months ago

NITI Aayog Envisions India as $30 Trillion Economy by 2047

Deccan Chronicle  

New Delhi: India's policy think-tank NITI Aayog said that the country needs to strive to be a $30 trillion economy — almost nine times from today's $3.36 trillion, with a per capita income of $18,000 per annum by 2047, according to its approach paper for vision for Vikshit Bharat in 2047. “The gross domestic product or GDP would have to …

Concern over ‘unscientific projection’ of GDP rate as nation’s prime growth indicator
8 months ago

Concern over ‘unscientific projection’ of GDP rate as nation’s prime growth indicator

The Hindu  

A talk on ‘Tall claims and bleak realities - features of the contemporary Indian economy’ by Kerala State Planning Board member R. Ramkumar on July 26 expressed concern over the unscientific projection of gross domestic product rates as the nation’s prime growth indicator when the per capita Income was continuing at a very low rate. Presenting his view points at …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
9 months, 1 week ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling
9 months, 3 weeks ago

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Al Jazeera  

Indian Prime Minister Narendra Modi and his Bharatiya Janata Party campaigned on India’s sizeable economic expansion in the lead-up to the country’s recent national elections. Despite strong headline economic growth, nearly half of India’s population is still employed in the relatively unproductive agricultural sector – a share that rose during Modi’s second term, from 42.5 percent in 2018-19 to 45.8 …

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
10 months ago

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent

India TV News  

India's Gross Domestic Product demonstrated robust growth in the January–March 2024 quarter, exceeding analysts' expectations, as per the latest official data released on Friday, May 31. For the full financial year 2023–24, India's GDP growth rate stood at an impressive 8.2 percent, up from 7 percent in FY23, according to an official statement. Analysts had anticipated slower GDP growth for …

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