ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?
1 year, 3 months ago

ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?

The Hindu  

Published : Aug 24, 2023 11:00 IST - 6 MINS READ On the completion of 76 years since Indian Independence, a wide range of “informed” opinions from government spokespersons, non-government analysts, and large sections of the domestic and foreign media, enthusiastically or grudgingly declared that, as an economy, India is doing very well. This bounce back from the 5.8 per cent contraction during COVID year 2020-21, is presented as a return to a 7 per cent annual trend rate recorded over 2014-2020. A comparison of the absolute value of GDP in 2022-23 with that in 2019-20 reflects an increase of 10.1 per cent over a three-year period. Manufacturing alone, which neoliberal economic reform was expected to revitalise and the NDA government had promised to boost, accounted for just 18 per cent of the increase in GDP over this long period. If we take the period from 2011-12 to 2022-23, the years covered by the current series of National Accounts Statistics, 61 per cent of the increase in GDP has been on account of services.

India Growth China National Manufacturing Indian Cent Increase Nda Gdp Economy Booming  sectors  independence  202223  accounts  manufacturing  growth  economy  booming  economic  76th  indian  perspectives  gdp  india  cent  increase  national

History of this topic

Will India's economic growth pick up pace? Nirmala Sitharaman answers
6 days, 17 hours ago

Will India's economic growth pick up pace? Nirmala Sitharaman answers

India Today  

Finance Minister Nirmala Sitharaman on Tuesday said that India’s economy will see healthy growth in the coming quarters despite the lower-than-expected GDP numbers for the second quarter. India’s GDP growth for the July-September quarter fell sharply to 5.4% from 6.7% in the previous quarter, marking an 18-month low, as per data released by the National Statistics Office in November. However, …

India's inclusive growth applauded by International community: IMF Executive Director Subramanian
2 weeks, 2 days ago

India's inclusive growth applauded by International community: IMF Executive Director Subramanian

The Hindu  

The world is bullish on India, the country's top economist, currently Executive Director of the International Monetary Fund has said, noting that India’s public digital infrastructure and inclusive growth is not only being talked about but also applauded by the International community. Apart from that, the kind of inclusive growth that India has pursued over the last decade is also …

India’s GDP growth shocker: Bad news can be good too
2 weeks, 5 days 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 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 …

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre
Trending News
3 weeks, 1 day ago

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre

Hindustan Times  

Leader of Opposition in the Lok Sabha, Rahul Gandhi on Sunday said that the India's Gross Domestic Product growth rate has fallen to its lowest in two years at 5.4 percent. Rahul Gandhi on Sunday said India's GDP growth has dropped to 5.4 percent, the lowest in two years. The thing is clear - the Indian economy cannot progress as …

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
3 weeks, 3 days ago

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data

Hindustan Times  

India's Gross Domestic Product growth slowed down to 5.4% during the second quarter of the financial year 2024-25 due to the falling growth rate in manufacturing, consumption, and mining. India's GDP growth slows to 5.4% in Q2 2024-25, govt data shows In comparison, the GDP growth rate was 8.1% in the second quarter of 2023-24, according to government data released …

Experts see GDP growth below 6.5% in second quarter
3 weeks, 3 days ago

Experts see GDP growth below 6.5% in second quarter

New Indian Express  

NEW DELHI: Ahead of the release of official GDP numbers for the second quarter of FY25, economic analysts present varied estimates ranging from 6.2% to 6.9%. The outlook reflects contrasting indicators from various sectors of the economy, highlighting both structural challenges and potential growth drivers. ICRA has projected GDP growth to dip to 6.5% in Q2 from 6.7% in Q1FY25. …

Opinion: Maharashtra, India's miracle state, finds itself at a crossroads
1 month ago

Opinion: Maharashtra, India's miracle state, finds itself at a crossroads

India Today  

Maharashtra, India's most prosperous and second most populous state, has been a marvel that has often defied the conventional tale of modern development. In 1947, at the time of India’s independence, the regions of West Bengal, Maharashtra, and Tamil Nadu led much of India's economic activity as large British presidencies. On the human capital front, the state traditionally possessed strong …

Inclusive Growth and Social Empowerment: India's Economic Policies Rooted in Inclusive Growth and Social Empowerment
1 month, 3 weeks ago

Inclusive Growth and Social Empowerment: India's Economic Policies Rooted in Inclusive Growth and Social Empowerment

ABP News  

India's economic policies are rooted in inclusive growth and social empowerment. The government has implemented various initiatives such as the PM Ujjwala Yojana, Swachh Bharat Mission, and the Jan Dhan-Aadhaar-Mobile trinity to improve access to essential services, reduce financial exclusion, and minimize leakage through targeted DBTs.

IMF Sees India's Economic Growth and Outlook as Stable
2 months ago

IMF Sees India's Economic Growth and Outlook as Stable

New Indian Express  

India remains the world's fastest-growing economy, with inflation expected to decline to 4.4% in FY24-25. IMF Director Krishna Srinivasan highlights the country's strong macroeconomic fundamentals, including a large and growing population, favourable harvests, and a stable fiscal situation. Srinivasan suggests that the country focus on creating jobs, removing trade restrictions, and investing in infrastructure and education to strengthen its economy …

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn
2 months 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
3 months, 1 week 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 …

Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das at FIBAC 2024
3 months, 2 weeks ago

Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das at FIBAC 2024

The Hindu  

Reserve Bank Governor Shaktikanta Das on Thursday said the fundamental drivers of the Indian economy are gaining momentum and the country is moving on a sustainable growth path. "Our nation's journey towards becoming an advanced economy is drawing strength from a unique blend of factors, and these factors would include a young and a dynamic population, a resilient and diverse …

Review of Krishnamurthy Subramanian’s India@100 — Envisioning Tomorrow’s Economic Powerhouse: Dreams, with a catch
3 months, 3 weeks 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 …

India to Become Third Largest Economy in Two Years: Vice President Jagdeep Dhankhar
4 months, 2 weeks ago

India to Become Third Largest Economy in Two Years: Vice President Jagdeep Dhankhar

News 18  

Asserting that India’s rise is unstoppable, Vice President Jagdeep Dhankhar on Wednesday said the country will become the third largest economy in the world in two years. The “Be Vocal for Local” clarion call given by the Prime Minister has economic freedom at this core, with handloom products being one of its key elements, said the Vice President. Strongly advocating …

How weak consumption growth is holding back the Indian economy's potential
4 months, 3 weeks ago

How weak consumption growth is holding back the Indian economy's potential

Hindustan Times  

Ashlesh —34-year-old former data entry operator at a small firm in Ghaziabad, and originally from the village of Ambar Nagar in Balrampur, in Uttar Pradesh — immediately wanted to make it big in life the day after he had lost his job. ‘As if there is no effect of the high growth here,” Ashlesh said, echoing concerns shared by Amit …

NITI Aayog Envisions India as $30 Trillion Economy by 2047
4 months, 3 weeks 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
4 months, 3 weeks 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 …

Eco Survey 2024: Amid high growth India’s future appears bright, but a ‘grand alliance’ to tame unemployment is required
5 months ago

Eco Survey 2024: Amid high growth India’s future appears bright, but a ‘grand alliance’ to tame unemployment is required

Firstpost  

The survey has also been cautionary about the path of India towards a ‘Viksit Bharat’ in 2047, as it shows how India will face situations unlike what China faced when it was growing at high speed The Chief Economic Advisor to the Government of India prepares the Economic Survey that is presented a day ahead of Budget Day. Content Driven …

Cong jabs Modi government over Economic Survey: ‘Cherry-picked view of economy’
5 months ago

Cong jabs Modi government over Economic Survey: ‘Cherry-picked view of economy’

Hindustan Times  

The Congress on Monday called the Economic Survey 2024 tabled by finance minister Nirmala Sitharaman as a ‘cherry-picked view’ of the Indian economy. The Economic Survey 2023-24 presents a cherry-picked view of the economy, but we hope that tomorrow’s Budget faces up to the country’s realities,” Congress general secretary Jairam Ramesh posted on X while sharing his statement on the …

Economic Survey 2023-24: ‘Focus on macro stability ensured minimal impact from external challenges’
5 months ago

Economic Survey 2023-24: ‘Focus on macro stability ensured minimal impact from external challenges’

The Hindu  

As per the latest Economic Survey tabled in Parliament on July 22, India’s focus on maintaining macroeconomic stability ensured external challenges had “minimal impact” on the economy. Read the full Economic Survey 2023-24 The survey goes on to state that growth prospects for the ongoing financial year “look good”, subject to geopolitical, financial market and climate risks. The outlook had …

Economic Survey 2023-24: Why does it matter? What are the key takeaways?
5 months ago

Economic Survey 2023-24: Why does it matter? What are the key takeaways?

Firstpost  

The Economic Survey for the year 2023-24 was tabled in Parliament on Monday setting the tone for the presentation of the Union Budget on July 23 by Finance Minister Nirmala Sitharaman. File Image/Reuters Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 on Monday in Parliament, presenting a comprehensive analysis of India’s economic trajectory amid global challenges. Key Takeaways …

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas
5 months ago

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas

News 18  

Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament, setting the stage for the Union Budget 2024-25. Skill Gap Challenge The Economic Survey 2023-24 said 65 per cent of India’s fast-growing population is under 35, and many lack the skills needed by a modern economy. In India, the government has been paying focused attention to enabling …

Economic Survey 2024 key highlights: FY25 growth forecast, inflation outlook and more
5 months ago

Economic Survey 2024 key highlights: FY25 growth forecast, inflation outlook and more

India Today  

Finance Minister Nirmala Sitharman on Monday tabled the Economic Survey 2023-24, which highlighted that the Indian economy is “on a strong wicket and stable footing”. Here are some of the key takeaways from the Economic Survey 2023-24: Indian economy on 'strong wicket' The Economic Survey highlighted that the economy is growing strongly, demonstrating resilience despite challenges. Inflation under control, private …

Explained: Why Economic Survey 2024 has taken a cautious stance
5 months ago

Explained: Why Economic Survey 2024 has taken a cautious stance

India Today  

The Economic Survey 2023-24 has adopted a more cautious stance on India’s growth prospects, projecting an expansion of 6.5% to 7% for the fiscal year. Chief Economic Adviser V. Anantha Nageswaran highlighted that while the Indian economy remains resilient, it faces potential challenges from geopolitical uncertainties and the risk of cheaper imports that could impact private capital formation. "The Indian …

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

GDP growth impresses, but rural demand remains a worry
6 months, 3 weeks ago

GDP growth impresses, but rural demand remains a worry

New Indian Express  

India’s economic growth seems to be going gangbusters. Ending nearly a decade-long wait, real GDP growth crossed the 8 percent mark, touching 8.2 percent in 2023-24. Provisional data released by the National Statistics Office also showed that the gross value added—net of subsidies and taxes, and hence considered a better measure of economic activity—grew by 7.2 percent. Agriculture and allied …

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
6 months, 3 weeks 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 …

India's 2024 economic growth projection revised upwards by U.N. to nearly 7%
7 months ago

India's 2024 economic growth projection revised upwards by U.N. to nearly 7%

The Hindu  

The United Nations has revised upwards India’s growth projections for 2024, with the country’s economy now forecast to expand by close to 7% this year, mainly driven by strong public investment and resilient private consumption. The World Economic Situation and Prospects as of mid-2024, released Thursday, said, “India’s economy is forecast to expand by 6.9% in 2024 and 6.6% in …

Indian economy projected to grow 6.5% in 2024: UNCTAD
8 months ago

Indian economy projected to grow 6.5% in 2024: UNCTAD

The Hindu  

India’s economy is projected to grow by 6.5% in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact on Indian exports. “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services …

On-target growth: 8% plus in 2023-24?
8 months, 3 weeks ago

On-target growth: 8% plus in 2023-24?

Live Mint  

Finance minister Nirmala Sitharaman has hinted that India’s economy will see gross domestic product expand 8% or more in the three months ended 31 March. “Hopefully, the fourth quarter… will also have 8% or above 8%, resulting in 2023-24 having an average growth in GDP of 8% or over 8%," she said at a Mint summit on Saturday. Further, for …

Will India be a developed country by 2047? Raghuram Rajan says ‘nonsense to even talk about it’
8 months, 3 weeks ago

Will India be a developed country by 2047? Raghuram Rajan says ‘nonsense to even talk about it’

Hindustan Times  

Raghuram Rajan said that India is making a big mistake believing “hype” around its strong economic growth. Raghuram Rajan's response India will not be a developed economy by 2047, Raghuram Rajan said adding that it would be “nonsense” to talk of that goal “if so many of your kids don’t have a high school education and drop-out rates remain high." …

India to be third top economy in few years, says Nirmala Sitharaman
9 months, 1 week ago

India to be third top economy in few years, says Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman on March 16 said India needs economic freedom to achieve developed nation status by 2047 and assured that the country would move to the third spot in the world economy from the current fifth position in the near future. ‘We should attain economic freedom’ Observing that India was a rich country about 400 years ago, …

India’s Q3 GDP bucks all estimates at 8.4% growth
9 months, 3 weeks ago

India’s Q3 GDP bucks all estimates at 8.4% growth

Hindustan Times  

The Indian economy continued to outperform, with GDP growth in the quarter ending December coming in at 8.4%, beating analyst estimates by around 180 basis points or 1.8 percentage points, and the government now expects the economy to grow by 7.6% in 2023-24, up from the 7.3% projected in January. Given the fact that GDP numbers for 2021-22 and 2022-23 …

GDP growth at 8.4 per cent in Dec quarter, PM Narendra Modi hails ‘strength, potential of Indian economy’
9 months, 3 weeks ago

GDP growth at 8.4 per cent in Dec quarter, PM Narendra Modi hails ‘strength, potential of Indian economy’

Hindustan Times  

Prime Minister Narendra Modi on Thursday took to social media platform X after government data showed that India's economy grew by 8.4 per cent in the December quarter. The growth rate of GDP during 2023-24 is estimated at 7.6 per cent compared to the growth rate of 7.0 per cent in 2022-23," the government statement added. The GDP at current …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
9 months, 3 weeks ago

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations

Hindustan Times  

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday. India's GDP grows by 8.4 per cent in December quarter It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024. Earlier in the day, the …

Vignettes of a Janus-faced economy
9 months, 3 weeks ago

Vignettes of a Janus-faced economy

The Hindu  

Riddled with contradictions, the Indian economy neither offers conclusive evidence of a stellar performance nor of a collapse. ‘Shining India’ Apart from GDP growth, a number of high frequency indicators are used to buttress the argument of the economy moving to a higher growth trajectory. Passenger car sales, domestic air passenger traffic, increase in demat accounts, UPI transactions and the …

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant
10 months ago

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant

Business Standard  

"Our aim will be to become the cheapest producer, the cheapest exporter of green hydrogen and its liquid form ammonia and to be the biggest manufacturer of electrolyzer," he said | Photo: Bloomberg India will be the third largest economy by 2027 and it needs to grow at rapid rates to become a $35 trillion economy by 2047, the country's …

Vantage | What India must do to be a $7 trillion economy by 2030
10 months, 3 weeks ago

Vantage | What India must do to be a $7 trillion economy by 2030

Firstpost  

As the Indian government gears up to present the annual budget in what is considered the last one ahead of the general election, the focus is on maintaining stability with an interim budget. In the next three years, India aims to secure its position as the world’s third-largest economy, targeting a GDP of $5 trillion dollars. Projections for India’s growth …

India will be $7 trillion economy by 2030
10 months, 3 weeks ago

India will be $7 trillion economy by 2030

Firstpost  

India can aspire to become a $7 trillion economy by 2030, according to “The Indian Economy: A Review” written by V Anantha Nageswaran, Chief Economic Adviser to the government, and his team of economists. Meanwhile, as per National Statistical Office, the Indian economy is estimated to grow 7.3 per cent in 2023-24, while Reserve Bank of India projected a 7 …

Budget 2024: Can India become a $7 trillion economy by 2030?
10 months, 3 weeks ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

Terms of Trade | Why is the BJP immune from the anger of a K-shaped economic recovery?
11 months, 1 week ago

Terms of Trade | Why is the BJP immune from the anger of a K-shaped economic recovery?

Hindustan Times  

The first advance estimates released by the National Statistical Office expect the Indian economy to grow at 7.3% in 2023-24. Global growth rankings aside, what does this number actually mean as far as India’s political economy is concerned? Anybody who has been following India’s political economy in the past decade will agree that all three are true in some way. …

Positive GDP Surprise: Growth in Private Consumption Remains Critical
11 months, 2 weeks ago

Positive GDP Surprise: Growth in Private Consumption Remains Critical

News 18  

The government’s first advance estimate of the Gross Domestic Product for the current fiscal, which will end in March, has been a positive surprise for most economists. Rajani Sinha, the Chief Economist of CARE Ratings, said MOSPI’s projection of the GDP “seems to be relatively optimistic, surpassing the RBI’s estimate of 7% and our own projection of 6.8 per cent”. …

Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates
11 months, 2 weeks ago

Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates

India TV News  

The government on Friday estimated that the Indian economy will grow by 7.3 per cent in current fiscal against 7.2 per cent expansion in Financial Year 2022-23. Releasing the first advance estimates of National Income for 2023-24, the NSO said, "Real GDP or GDP at Constant Prices in the year 2023-24 is estimated to attain a level of Rs 171.79 …

Modinomics And Rising India
11 months, 3 weeks ago

Modinomics And Rising India

News 18  

The International Monetary Fund recently called India a star performer, with India projected to contribute 16 per cent to global growth. The October 2023 IIP data also showed that the output of primary goods logged an 11.4 per cent growth compared to 2.1 per cent in the year-ago period. Speaking of India’s GDP, real GDP or GDP at constant prices …

India to be $5 trillion economy by end of 2025: Amit Shah
1 year ago

India to be $5 trillion economy by end of 2025: Amit Shah

The Hindu  

Union Home Minister Amit Shah on December 9 said India will become a $5 trillion economy by the end of 2025. Addressing the valedictory session of the Uttarakhand Global Investors Summit in Dehradun, Mr. Shah said India has grown exponentially on every front over the past one decade due to the farsighted and visionary leadership of Prime Minister Narendra Modi. …

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar
1 year ago

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar

India TV News  

Gandhinagar: Union minister Rajeev Chandrasekhar on Thursday said that the digital economy will contribute 20 per cent of India's gross domestic product by 2026. Rajeev Chandrasekhar on digital economy "In 2014, the digital economy was around 4.5 per cent of the GDP and today it is 11 per cent. India has now become fastest-growing digital economy The Union Minister asserted …

A $5 trillion economy, but for whom?
1 year ago

A $5 trillion economy, but for whom?

The Hindu  

Last week, at an election rally in Chhattisgarh, Prime Minister Narendra Modi announced that he is extending the Pradhan Mantri Garib Kalyan Ann Yojna, a scheme providing 5 kg of foodgrains free every month to beneficiaries of the National Food Security Act, by five years because he does not want any citizen to sleep hungry. This is the year the …

India’s economic prospects good in the short term, says Chief Economic Advisor Anantha Nageswaran
1 year, 1 month ago

India’s economic prospects good in the short term, says Chief Economic Advisor Anantha Nageswaran

The Hindu  

The short-term economic prospects is good and growth will be steady in the medium term, upwards of 6%. But, beyond 2030, there are some challenges to be addressed, said V. Anantha Nageswaran, Chief Economic Advisor, Government of India, in Coimbatore on Tuesday. Addressing the members of the Indian Chamber of Commerce and Industry on “India’s Economic Growth Story”, he said …

Discover Related