Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues
5 days ago

Budget 2025 preview — Part 1: Fiscal deficit, FDI, disinvestment, energy issues

Live Mint  

Foreign direct investment inflows into India—investments by foreign entities in domestic businesses—hold the potential to transform the economy. Fiscal deficit: Tax buoyancy holds the key to managing deficits India introduced the Fiscal Responsibility and Budget Management Act in 2003, targeting a fiscal deficit—the gap between government spending and revenue—of 3% of GDP. In 2022-23, the last year for which actual numbers are available, the Centre's fiscal deficit stood at 41% of its total expenditure, financed primarily through borrowings that add to the nation’s debt and interest obligations. Energy transition: The long road to reducing usage of fossil fuels Like all countries, India needs to transition from conventional sources of energy to renewable sources that are less polluting, like solar power. But in terms of the country’s total energy consumption—be it to run power plants or motor vehicles, among other things—fossil fuels still accounted for 90% of India’s energy sources in 2023.

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India's power output growth in 2024 slowest since pandemic: Report
1 day, 6 hours ago

India's power output growth in 2024 slowest since pandemic: Report

India Today  

Electricity generation in 2024 grew at its slowest pace since the Covid-19 pandemic, reflecting a broader economic slowdown, reported news agency Reuters, quoting data from Grid-India. “Electricity demand picked up in December with colder weather boosting heating system usage,” Sooraj Narayan, head of Asia-Pacific power modeling at Wood Mackenzie, told the news agency. “We expect a demand growth rate of …

India’s 2025-26 budget should aim to engineer an economic transformation
3 days, 21 hours ago

India’s 2025-26 budget should aim to engineer an economic transformation

Live Mint  

While annual budgets are routine affairs in advanced economies, they hold special significance in emerging markets, particularly in India. Against this backdrop, the 2025-26 budget must address three critical pillars that will shape India’s journey towards developed-nation status, each presenting unique challenges and opportunities that demand careful policy calibration. First, India would need to maintain an 8% growth rate in …

India met all-time maximum power demand of 250 GW in 2024
1 week ago

India met all-time maximum power demand of 250 GW in 2024

Live Mint  

New Delhi, January 1 : The year 2024 marked a landmark period for India's power sector, with historic advancements in energy generation, transmission, and distribution. From meeting record power demand of 250 GW to reducing energy shortages at the national level to a mere 0.1 per cent in 2024-25, the sector demonstrated resilience and commitment to sustainable growth. In the …

The year in data: how 2024 stacked up for economy, politics, climate and more
Trending News
1 week, 2 days ago

The year in data: how 2024 stacked up for economy, politics, climate and more

Live Mint  

India is always beaming with the extraordinary potential of a massive young population, rapidly growing middle class, and geographical richness. Beyond air, India’s growth and development trajectory will also be threatened by climate change and it will have to set aside huge budgets to tackle its impact. The Reserve Bank of India underestimated inflation for the fifth year in 2024-25 …

India FY25 GDP: Indian economy poised to grow 6.6% in FY25 on revival in urban, rural demand: RBI Report
1 week, 2 days ago

India FY25 GDP: Indian economy poised to grow 6.6% in FY25 on revival in urban, rural demand: RBI Report

Live Mint  

India FY25 GDP: India's gross domestic product is projected to grow at 6.6 per cent in 2024-25, aided by a revival in rural consumption, a pickup in government consumption and investment, and strong services exports. RBI's economic review: Key metrics from December issue According to the RBI, the real GDP growth is expected to recover in Q3 and Q4 of …

India to boost power generation, transmission infra to achieve 24X7 power for all in 2025
1 week, 4 days ago

India to boost power generation, transmission infra to achieve 24X7 power for all in 2025

Live Mint  

New Delhi Dec 29 India will set up more coal-fired and hydro-power plants and ramp up transmission infrastructure to achieve round-the-clock ‘Power for All' in 2025, besides meeting rising demand fueled by economic expansion. To meet the growing energy demand, the government has devised a major plan for power generation capacity addition and the expansion of transmission infrastructure. To evacuate …

Indian economy to grow at 6.5-6.8 pc in FY25 on higher domestic consumption: Deloitte
1 week, 4 days ago

Indian economy to grow at 6.5-6.8 pc in FY25 on higher domestic consumption: Deloitte

Live Mint  

New Delhi, Dec 29 Indian economy is likely to grow at 6.5-6.8 per cent this fiscal and slightly higher between 6.7-7.3 per cent in FY2026, boosted by domestic consumption, Deloitte said on Sunday. Deloitte India Economist Rumki Majumdar said the growth in the first half of the fiscal year 2025 turned out to be slower than estimated as election uncertainties …

India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P
1 week, 6 days ago

India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P

Live Mint  

India is poised to close 2024 with a higher oil demand growth rate than China, underscoring its emergence as a key consumption hub in Asia, according to a report by S&P Global Commodity Insights. "India is set to end the year with its oil demand growth rate surpassing China's, making it one of the fastest-growing consumption centres," the report noted, …

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

Power capacity addition grows this fiscal led by new renewable projects
2 weeks, 1 day ago

Power capacity addition grows this fiscal led by new renewable projects

Live Mint  

New Delhi: Spurred by the approaching expiry of a transmission charge exemption, renewable power developers have begun to hasten completion of their projects. Latest data from the Central Electricity Authority shows that renewable energy projects—solar, wind, small hydro—added 14.9 GW in April-November, nearly double the 7.53 GW green capacity added in the year-ago period. Overall capacity addition Overall, compared to …

India in 2025: Challenges are resurfacing but so are opportunities
2 weeks, 6 days ago

India in 2025: Challenges are resurfacing but so are opportunities

Live Mint  

Much has been said about India’s growth slowdown to 5.4% in the quarter ending September. We believe that the bulk of the growth exuberance over the past few years has been led by the rise of ‘new India’, a small but fast growing part of the economy, which comprises several high-tech sectors. After several heady years, the base of ‘new …

India set for 12-fold increase in energy storage capacity to 60 GW by FY32: SBI Report
3 weeks, 1 day ago

India set for 12-fold increase in energy storage capacity to 60 GW by FY32: SBI Report

Live Mint  

New Delhi, December 18 : India is poised for a major boost in energy storage capacity, with projections indicating a 12-fold increase to around 60 GW by FY32, according to SBI report. The country's energy storage landscape is evolving rapidly, with the proportion of RE projects incorporating storage solutions increasing significantly, from 5 per cent in FY20 to 23 per …

India’s renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi
3 weeks, 1 day ago

India’s renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

Live Mint  

New Delhi, Dec 17 India's renewable energy capacity addition almost doubled to 15GW during the April-November period of this fiscal compared a year ago, indicating India's commitment towards the target of 500GW non-fossil capacity by 2030, Union New & Renewable Energy Minister Pralhad Joshi said on Tuesday. Addressing at CII International Energy Conference & Exhibition 2024 here, Joshi said, "In …

Experts lay down circularity plan for 7 key sectors in India to cut waste
3 weeks, 2 days ago

Experts lay down circularity plan for 7 key sectors in India to cut waste

Hindustan Times  

Solar waste is expected to increase three times to reach 340 kt by 2030, analysis by India’s G20 Secretariat, Council on Energy Environment and Water, RMI, World Resources Institute along with authors from several think tanks said. “Unlocking India’s Circular Waste Economy Potential for Sustainability” captures how this waste can be utilised in seven key sectors including: solar panels, batteries, …

Data dive: Dark clouds hover over India’s solar story
3 weeks, 2 days ago

Data dive: Dark clouds hover over India’s solar story

Live Mint  

Recent charges of bribery by a US government agency against the Adani Group and its leadership have cast an unexpected spotlight on the Solar Energy Corporation of India—until now a relatively unknown company run by the central government. Solar’s share of electricity generated from renewable sources has Widening gap Of the 66 GW of solar power capacity installed as of …

India achieves USD 1 trillion in FDI milestone | Top FDI sources and sectors
3 weeks, 5 days ago

India achieves USD 1 trillion in FDI milestone | Top FDI sources and sectors

India TV News  

India has reached a historic milestone with foreign direct investment inflows surpassing USD 1 trillion since April 2000, according to the Department for Promotion of Industry and Internal Trade. Top FDI sources: Small nations lead the pack Mauritius and Singapore dominate Mauritius emerged as the largest contributor, accounting for 25 per cent of FDI inflows, closely followed by Singapore at …

India crosses $1 tn cumulative FDI milestone, inflows jump 26% in H1 FY25
3 weeks, 6 days ago

India crosses $1 tn cumulative FDI milestone, inflows jump 26% in H1 FY25

Live Mint  

New Delhi: India has crossed a milestone of $1 trillion in cumulative foreign direct investment inflows since April 2000, underscoring the nation’s growing appeal as a global investment hub. In the first half of the fiscal year 2024-25, FDI inflows surged by 26% to reach $42.1 billion, reflecting the impact of investor-friendly reforms and a dynamic business environment, the ministry …

India should not shy away from Chinese investment: Arvind Panagariya explains why
3 weeks, 6 days ago

India should not shy away from Chinese investment: Arvind Panagariya explains why

Live Mint  

India should remain open to investments from China like other developed countries like the United States and Germany, with an expectation from a handful of sectors, reported the news agency PTI on Thursday, December 12. The activities from which you want to exclude are relatively few because I don't see other countries restricting Chinese investment in large number of sectors,” …

Indian economy set for resilient growth in 2025; urban consumption, infra investment to be key: S&P
4 weeks, 1 day 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 …

FDI inflows to India surpass $1 trillion, with overseas investment likely to gain momentum in FY25
1 month ago

FDI inflows to India surpass $1 trillion, with overseas investment likely to gain momentum in FY25

Live Mint  

New Delhi, Dec 8 Foreign direct investment inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to the Commerce and Industry Ministry, since 2014, India has attracted a cumulative FDI inflow of USD 667.4 billion, registering an increase of …

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

Private Industrial Capex to Touch Rs 6.7 Lakh Cr in FY28
1 month, 2 weeks ago

Private Industrial Capex to Touch Rs 6.7 Lakh Cr in FY28

Deccan Chronicle  

Chennai: Private industrial capex is expected to go up 52 per cent from Rs 4.4 lakh crore in FY24 to Rs 6.7 lakh crore in FY28 as India transitions to value-added manufacturing, increases capacity utilization in conventional sectors and attracts green energy investments. As India moves forward, while infrastructure capex is expected to continue to grow, private sector investments are …

India’s GDP growth likely moderated to 6.5% in Q2, says Icra
Trending News
1 month, 2 weeks ago

India’s GDP growth likely moderated to 6.5% in Q2, says Icra

Live Mint  

New Delhi: India’s GDP growth is likely to have slowed marginally to 6.5% in the second quarter of FY2025 from 6.7% in the previous quarter, primarily due to heavy rainfall, weak corporate margins, and subdued exports, according to rating agency Icra. While government capital expenditure and healthy kharif sowing provided a lift, their impact was offset by disruptions caused by …

India's Renewable Energy Capacity Hits New Milestone: Centre
1 month, 3 weeks ago

India's Renewable Energy Capacity Hits New Milestone: Centre

Deccan Chronicle  

New Delhi: India has reached a significant milestone in its renewable energy journey, with the country's total renewable energy capacity crossing the 200 GW. India's total renewable energy installed capacity surged by an impressive 24.2 GW in just one year, reaching 203.18 GW in October 2024, up from 178.98 GW in October 2023. India's total electricity generation capacity has reached …

How FDI flows into India lost momentum
Trending News
1 month, 4 weeks ago

How FDI flows into India lost momentum

Live Mint  

Foreign portfolio investors were net sellers of Indian equities for nearly all of October, offloading shares worth ₹1.1 trillion. Data from India’s central bank shows that between April and August, net foreign portfolio flows into India totalled $10.3 billion, a steep drop from $22.9 billion in the same period last year. Read this | Mint Explainer: Why India's net FDI …

India’s clean energy sector sees surge in FDI while other sectoral investments decline
1 month, 4 weeks ago

India’s clean energy sector sees surge in FDI while other sectoral investments decline

Live Mint  

New Delhi: Foreign Direct Investment equity inflows in the non-conventional energy sector surged in the first three of months of this financial year, making it the tenth-largest FDI destination of all time, underscoring rising global interest in India’s green energy initiatives. Total FDI equity inflows in India's non-conventional energy sector during Q1, FY25 stood at $1.04 billion, up about 35% …

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report
2 months ago

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report

The Hindu  

India's current climate policies are projected to reduce carbon dioxide emissions by around four billion tonnes between 2020 and 2030, and drive a 24% reduction in coal-based power generation, according to a new report. The study by Delhi-based independent think tank Council on Energy, Environment and Water said policies for India's power, residential and transport sectors have already saved 440 …

India's Solar Imports to Soar to $30B by 2030
2 months, 2 weeks ago

India's Solar Imports to Soar to $30B by 2030

Deccan Chronicle  

India's solar imports could surge to $30B by 2030 due to the country's reliance on imports. The country installed 15 GW of solar capacity in FY 2024, raising the total capacity to 90.8 GW by September 2024. However, to meet its 2030 goal of 500 GW in renewable energy, India needs to add 65-70 GW each year. India needs to …

RE-INVEST 2024: India best bet for 21st century, its solar revolution a golden chapter: PM Modi
3 months, 3 weeks ago

RE-INVEST 2024: India best bet for 21st century, its solar revolution a golden chapter: PM Modi

The Hindu  

India is unique in terms of diversity, scale, capacity, potential as well as performance and the world feels the country is the best bet for the 21st century, Prime Minister Narendra Modi said on Monday in his address at the 4th edition of Global Renewable Energy Investors Meet and Expo in Gandhinagar. “When the history of the 21st century will …

India’s renewable energy target may prove elusive without course correction
3 months, 4 weeks ago

India’s renewable energy target may prove elusive without course correction

Live Mint  

India’s energy transition will be centred around the use of solar photovoltaic technology for at least the next 25 years. Though this information is not yet available in the public domain, it is estimated that Solar Energy Corporation Of India and other RE implementing agencies have about 18GW of ‘unsold inventory.’ Discoms in India face three major difficulties: huge uncertainty …

Spain's Zelestra plans $5 bn investment to set up 10 GW green power capacity
3 months, 4 weeks ago

Spain's Zelestra plans $5 bn investment to set up 10 GW green power capacity

Live Mint  

New Delhi: Spain’s Zelestra plans to invest $5 billion in India to build 10GW of wind and solar power capacity by the end of the decade, a top executive said, doubling its previous target of achieving 5GW by 2026. The company, backed by private equity firm EQT, may also enter India’s lucrative commercial and industrial sector as part of the …

India's share in global FDI plunges to 2.1 per cent in 2023 from 6.5 per cent in 2020
4 months, 1 week ago

India's share in global FDI plunges to 2.1 per cent in 2023 from 6.5 per cent in 2020

New Indian Express  

“The FDI inflows suggest three key corridors–Maharashtra-Gujarat in the West of FDI inflows during October 2019–March 2024; the Karnataka-Tamil Nadu-Andhra-Telangana belt in the South and the NCR region in the North. The proportion of FDI inflows to the services sector increased to 40.9 per cent during FY15-FY24 from 37 per cent during FY01-FY14. The states which have evolved their economic …

India has pushed hard for solar. But as its billions demand more power, coal always gets the call
5 months ago

India has pushed hard for solar. But as its billions demand more power, coal always gets the call

Associated Press  

BENGALURU, India — India Prime Minister Narendra Modi was in the midst of a monthslong reelection campaign this April when he took to social media to trumpet a “remarkable feat!” and a “historic milestone” for his country: crossing 1 billion metric tons of coal and lignite production. It was proof, Modi said, of India’s “commitment to ensuring a vibrant coal …

Powering India’s future
5 months ago

Powering India’s future

The Hindu  

In her seventh consecutive Budget speech, the Finance Minister announced measures indicating India’s commitment to its clean energy transition. Despite past efforts to add renewable capacity, its share in India’s power generation mix is just 13%. Previous power supply shortages and expectations of rising energy demand have driven policymakers to bet on new coal capacity. Instead, we must strive to …

Here’s why Union Budget 2024 promised policy on pumped storage
5 months, 1 week ago

Here’s why Union Budget 2024 promised policy on pumped storage

The Hindu  

Budget 2024-25 promised that “a policy for promoting pumped storage projects will be brought out for electricity storage and facilitating smooth integration of the growing share of renewable energy with its variable and intermittent nature.” Why pumped storage India has planned to create an ambitious 500 GW of non-fossil power by 2030. Out of 10 GW added in eight months …

At 4%, India's core sector growth slowest in 20 months: Govt data
5 months, 1 week ago

At 4%, India's core sector growth slowest in 20 months: Govt data

Business Standard  

Electricity generation saw a 7.7 per cent increase, which was lower than the 13.7 per cent growth in May but higher than the 4.2 per cent growth in June 2023. “With the onset of the monsoon, electricity growth reverted to single digits after two months, although it remained healthy at 7.7 per cent. Given the dip in core sector growth, …

Budget 2024: Prioritising inclusivity and fiscal prudence
5 months, 2 weeks ago

Budget 2024: Prioritising inclusivity and fiscal prudence

The Hindu  

There was a lot of anticipation before this Budget. As the first major public policy announcement of the new government, it was expected that the Budget would lay down a plan of action for the following five years of the government’s approach towards the larger national vision of Viksit Bharat@2047. With the nine priority areas that followed, she articulated the …

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy
5 months, 2 weeks ago

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy

Firstpost  

The Budget 2024-25 makes way for private sector’s participation in the research and development of small modular nuclear reactors to boost India’s nuclear energy capacity Union Finance Minister Nirmala Sitharaman made announcements related to nuclear energy production and private sector's role in it in the Budget 2024 As the fastest-growing major economy that Prime Minister Narendra Modi has set 2047 …

Budget 2024: Nirmala Sitharaman backs CEA's suggestion on more Chinese FDI into India
5 months, 2 weeks ago

Budget 2024: Nirmala Sitharaman backs CEA's suggestion on more Chinese FDI into India

Hindustan Times  

Finance Minister Nirmala Sitharaman during a post budget press conference on Tuesday said that she doesn't disown the suggestion by chief economic adviser to allow more Chinese foreign direct investment in the country. On the trade front, China emerged as India's top trading partner in 2024 according to data from Global Trade Research Initiative. Mentioning that the chief economic adviser's …

Time for India’s budget to devote enough space for climate action
5 months, 2 weeks ago

Time for India’s budget to devote enough space for climate action

Hindustan Times  

How do you cost for climate change? Last year, the apex bank’s report on Currency and Finance outlined climate change’s impact on the country. That is why the Union Budget this year is an extraordinary opportunity to shape India’s climate action. What’s encouraging though is that, through previous Budget announcements, the government has consistently shown interest in acting on climate …

Coal to have significant place in India’s diversified energy basket: Eco Survey
5 months, 2 weeks ago

Coal to have significant place in India’s diversified energy basket: Eco Survey

Hindustan Times  

India will target a diversified set of sources for energy security with a significant place for thermal power, including coal to provide base load, to minimise risks associated with systems while pursuing low-emission pathways in line with national commitments, said the 2023-24 Economic Survey Union finance minister Nirmala Sitharaman tabled in Parliament on Monday. “This will also include a significant …

India needs to reduce dependence on China on THESE issues: Economic Survey
5 months, 2 weeks ago

India needs to reduce dependence on China on THESE issues: Economic Survey

India TV News  

New Delhi: India needs to recognise and address challenges posed by its dependence on China for critical minerals and examine the implications of phasing down coal on bank balance sheets as it accelerates its green transition, the government's Economic Survey 2023-24 tabled in Parliament on Monday said. As part of its national plan to contribute to meeting the global goal …

What Will India's Energy Sector Get From Budget 2024? Check Top Expectations
5 months, 4 weeks ago

What Will India's Energy Sector Get From Budget 2024? Check Top Expectations

News 18  

Union Budget 2024: The energy sector in India has a range of expectations from the Budget 2024. Reducing the GST to 5% would make Auto LPG more competitively priced, fostering greater adoption and supporting the auto industry’s shift towards greener technologies,” Gupta highlighted. “We urge the Finance Ministry to consider our appeal for a GST reduction on the fuel, kits …

India's solar output grows at slowest pace in six years in first half of 2024
6 months ago

India's solar output grows at slowest pace in six years in first half of 2024

Hindustan Times  

By Sudarshan Varadhan and Cassandra Yap India's solar output grows at slowest pace in six years in first half of 2024 SINGORE, - India's solar power generation grew at the slowest pace in six years in the first half of 2024, an analysis of data from the federal grid regulator showed, as the country further stepped up reliance on coal …

Rising domestic solar cell production will curb imports from China
6 months, 2 weeks ago

Rising domestic solar cell production will curb imports from China

Hindustan Times  

India expects a surge in domestic solar cell-making capacity in the coming months, which will help reduce its dependence on imported materials from China to manufacture solar panels, the country’s top renewable energy official said. A private security guard walks between rows of photovoltaic solar panels inside a solar power plant at Raisan village near Gandhinagar, Gujarat The nation’s cells …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months, 2 weeks 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 …

FDI inflows into India down to $28 billion in 2023: UN
6 months, 2 weeks ago

FDI inflows into India down to $28 billion in 2023: UN

Deccan Chronicle  

Chennai: The FDI inflows into India saw a 43 per cent decline in 2023 at $28 billion, while the global foreign direct investments dropped 2 per cent to $1.3 trillion, as per the data of UNCTAD. FDI outflows from India also saw a dip of 8.7 per cent to $13,341 million against $14,618 million in 2022. At $621 billion, they …

India's coal dependence for power to be highest in nine years as heatwaves intensify
6 months, 2 weeks ago

India's coal dependence for power to be highest in nine years as heatwaves intensify

Hindustan Times  

India will use more coal for generating electricity this year than it has in almost a decade, to cope with surging electricity demand, Bloomberg reported. Representational The country expects to add 15.4 gigawatts in the financial year 2024-25, the most in nine years, people familiar with the matter told Bloomberg. Coal still generates about three-quarters of India’s electricity, and the …

India to remain fastest-growing major economy
6 months, 3 weeks ago

India to remain fastest-growing major economy

Deccan Chronicle  

Chennai: India will remain the fastest-growing of the world’s largest economies, although its pace of expansion is expected to moderate, finds the World Bank. While retaining the GDP growth forecast for FY24 and FY25 at 6.6 per cent and 6.7 per cent respectively, the World Bank estimated the country to clock 6.8 per cent growth in FY26. However, investment growth …

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