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 the nation emerging as the fastest growing major economy for three consecutive years in a row. One, most of the next-generation reforms lie either in the concurrent domain or in the states’ domain, and require consensus building among states and the Centre. Therefore, the government could consider constituting GST-like councils or an empowered group of secretaries, chaired by the cabinet secretary and comprising the chief secretaries of the states and relevant central secretaries to take forward factor market reforms as well as for reforms related to education, agriculture, climate action and fiscal sustainability.

India Reforms  achieve  2047  need  focus  nation  growth  key  economy  indias  secretaries  states  reforms  rate  goal

History of this topic

India's Economy Likely To Grow At 6.5 Per Cent In FY26, Need To Boost Spending On Health, Education, Says EY
Trending News
1 day, 9 hours ago

India's Economy Likely To Grow At 6.5 Per Cent In FY26, Need To Boost Spending On Health, Education, Says EY

ABP News  

India’s economic growth is anticipated to reach 6.5 per cent in the fiscal year 2025-26, according to the latest EY Economy Watch report. The March edition of EY Economy Watch estimated a real GDP growth of 6.4 per cent for the Indian economy for the 2024-25 fiscal year. Revised data from the National Statistical Office released last month suggested that …

India to grow at 6.5% in FY26: EY Report
1 day, 9 hours ago

India to grow at 6.5% in FY26: EY Report

The Hindu  

The Indian economy is likely to grow at 6.5% in the fiscal year starting April 1, EY Economy Watch said, emphasising that a well-calibrated fiscal strategy that supports human capital development while maintaining fiscal prudence could significantly enhance long-term growth prospects. As per the EY India report, over the next two decades, India may need to gradually increase its general …

Indias exports are bound to grow despite global uncertainties: DGFT
5 days, 6 hours ago

Indias exports are bound to grow despite global uncertainties: DGFT

Live Mint  

New Delhi, Mar 26 India's exports are bound to grow in the coming years despite uncertainties over global trade and tariff, a senior government official said on Wednesday. Despite the "uncertainties relating to trade and tariff, our exports are bound to grow in future years," he said at the Sourcex India 2025 show. Sarangi said that in the current year, …

100% growth over past 10 years! IMF says India GDP likely to hit ₹3.6 lakh crore by 2025-end. Top updates
Trending News
5 days, 7 hours ago

100% growth over past 10 years! IMF says India GDP likely to hit ₹3.6 lakh crore by 2025-end. Top updates

Live Mint  

The International Monetary Fund has in its latest report noted that India's GDP growth rate has doubled over the past decade, and the country is likely to reach ₹3.6 lakh crore by 2025-end, ANI reported. IMF data showed that India's GDP was ₹1.8 lakh crore in 2015 and is expected to reach ₹3.6 lakh crore by 2025-end — a 100 …

India on track to surpass Japan's GDP, could overtake Germany by 2027: IMF
5 days, 11 hours ago

India on track to surpass Japan's GDP, could overtake Germany by 2027: IMF

India Today  

India is on track to surpass Japan and become the world’s fourth-largest economy by the third quarter of the financial year 2024-25, according to data from the International Monetary Fund. If India continues on this growth path, it could also surpass Germany, the world’s third-largest economy with a GDP of $4.9 trillion, by the second quarter of 2027. INDIA’S GROWTH …

India's GDP grows 105% in 10 years, now at $4.3 trillion: IMF
Top News
5 days, 16 hours ago

India's GDP grows 105% in 10 years, now at $4.3 trillion: IMF

India Today  

India’s Gross Domestic Product has grown by 105% in the last ten years, doubling from $2.1 trillion in 2015 to $4.3 trillion in 2025. With Japan’s GDP currently at $4.4 trillion and showing no growth over the last decade, India is projected to overtake it within the next year. India’s rise to economic power has been marked by key milestones: …

India to contribute 6% of global trade growth in next five years as China and US lead: DHL report
1 week, 1 day ago

India to contribute 6% of global trade growth in next five years as China and US lead: DHL report

Live Mint  

India is expected to drive global trade growth, contributing 6 per cent in the upcoming five years, according to a joint report from New York University Stern School of Business and DHL named “DHL Trade Atlas 2025.” According to the research report, India's contribution to global trade growth is expected to follow China's footsteps at 12 per cent and that …

India’s GDP Soars To $4.3 Trillion, Poised To Surpass Japan And Germany By 2027
1 week, 2 days 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, 2 days 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 …

TN’s growth rate consistent at over 8%: Economic Survey
2 weeks, 3 days ago

TN’s growth rate consistent at over 8%: Economic Survey

Deccan Chronicle  

As a highly industrialized and urbanized economy, the State aimed to achieve a US $1 trillion economy by 2030 through strategic planning to address challenges like climate change, demographic shifts, technological disruptions, and changing employment landscapes, according to the survey released in Chennai on Thursday, on the eve of the State’s Budget presentation in the Assembly. With just 4% of …

Tamil Nadu not just growing, also leading: MK Stalin on Economic Survey 2024-25
2 weeks, 4 days ago

Tamil Nadu not just growing, also leading: MK Stalin on Economic Survey 2024-25

India Today  

Tamil Nadu on Thursday released its first-ever Economic Survey for 2024-25, showcasing the state's economic progress and its roadmap to becoming a 1 trillion dollar economy by 2030. The report, presented by the Tamil Nadu State Planning Commission, highlighted the state's strong growth trajectory, with the Gross State Domestic Product reaching Rs 27.22 lakh crore in 2023-24. Tamil Nadu contributed …

Tamil Nadu’s first Economic Survey indicates State likely to maintain 8%+ growth rate
2 weeks, 4 days ago

Tamil Nadu’s first Economic Survey indicates State likely to maintain 8%+ growth rate

The Hindu  

Tamil Nadu’s first Economic Survey 2024-25 has indicated that the State is expected to maintain a growth rate of above 8% in 2024-25. Building on a strong foundation of inclusive policies, Tamil Nadu has demonstrated remarkable economic resilience, consistently achieving growth rates of 8% or more since 2021-22,” the report said. The survey highlighted that Tamil Nadu’s progressive social policies, …

India’s GDP growth to surpass 6.5 per cent in FY26, one of the fastest rates among large economies: Moody’s
2 weeks, 5 days ago

India’s GDP growth to surpass 6.5 per cent in FY26, one of the fastest rates among large economies: Moody’s

Live Mint  

Higher government capex and a boost in consumption will fuel India's economic growth in FY26, exceeding 6.5 per cent in the next fiscal, Moody's ratings said on Wednesday. “Government capital expenditure, tax cuts for middle-class income groups to boost consumption and monetary easing will help India's real GDP growth exceed 6.5% for fiscal 2025-26 from 6.3% in fiscal 2024-25,” Moody's …

Spotlight on economic growth rate of 8%
3 weeks, 2 days ago

Spotlight on economic growth rate of 8%

The Hindu  

Director of Madra School of Economics N.R. Bhanumurthy on Saturday emphasised the need to achieve an economic growth rate of over 8% to ensure economic self-reliance by 2047, in line with the goal of a developed India. Siddhartha Arts and Science College in Vijayawada, he suggested implementing frequent updates to statistics at district, State and national levels to design better …

India to grow at 6.5% in fiscal 2026 despite challenges: Crisil
3 weeks, 4 days ago

India to grow at 6.5% in fiscal 2026 despite challenges: Crisil

The Hindu  

India’s real gross domestic product growth will be steady at 6.5% in fiscal 2026 despite uncertainties stemming from geopolitical turns and trade-related issues led by U.S. tariff actions, Crisil said at its India Outlook seminar on Thursday. Over the past few years, we have built a few safe harbours against exogenous shocks — healthy economic growth, low current account deficit …

India Must Push Forward to Stay Competitive: Suman Bery
3 weeks, 4 days ago

India Must Push Forward to Stay Competitive: Suman Bery

Deccan Chronicle  

New Delhi: Sensing a fierce competition with its peers like China, Niti Aayog vice chairman Suman Bery on Thursday said that India’s challenge is to keep pushing forward and the country’s corporate sector must step up to achieve the growth target. Addressing the CII National Conference on Responsive Supply Chain for Indian Manufacturing, Bery said that as the world moves …

The state of India’s economy is not as bright as GDP data may suggest
3 weeks, 4 days ago

The state of India’s economy is not as bright as GDP data may suggest

Live Mint  

Estimates of gross value added and gross domestic product for 2024-25 were released last month along with revised estimates for 2023-24 and final data for 2022-23. The numbers for 2024-25 were broadly in line with estimates released earlier, with GDP growth placed at 6.5%, marginally higher than the 6.4% reported as part of India’s first advance estimates. GDP growth rate …

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, 1 day 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, 2 days 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 …

India’s GDP growth picks up in Q3 at 6.2%
4 weeks, 2 days ago

India’s GDP growth picks up in Q3 at 6.2%

Hindustan Times  

The Indian economy grew at 6.2% in the quarter ending December 2024, according to data released by the National Statistical Office on Friday that also revised upward growth for 2022-23 and 2023-24 to 7.6% and 9.2%, which means the extent of the slowdown in 2024-25 is worse than previously estimated. The latest GDP numbers also mean that the Indian economy …

India to remain fastest growing major economy with 6.5% growth in FY26: IMF
Trending News
4 weeks, 2 days ago

India to remain fastest growing major economy with 6.5% growth in FY26: IMF

India Today  

Multilateral financing agency International Monetary Fund has said that India will retain its position as the fastest-growing major economy by clocking a GDP growth of 6.5 per cent in 2025-26, on the back of robust private investment and macroeconomic stability. "Real GDP is expected to grow at 6.5 per cent in 2024-25 and 2025-26, supported by robust growth in private …

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 Needs 7.8% Growth for Next 20 Years to Be HIC: World Bank
1 month ago

India Needs 7.8% Growth for Next 20 Years to Be HIC: World Bank

Deccan Chronicle  

Chennai: India will have to grow by 7.8 per cent on average over the next 22 years, above its historical average of 6.7 per cent to achieve high-income status. However, to reach the High-Income Country status by 2047, India would need to grow above its historical average of 6.7 per cent for the next two decades. India’s overall labour force …

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 …

GDP growth at 7.8% for 22 years: World Bank on how India can become high-income nation by 2047
1 month ago

GDP growth at 7.8% for 22 years: World Bank on how India can become high-income nation by 2047

Firstpost  

India is now less open to trade than it was a decade ago. A World Bank report released Friday highlights that India must log an annual growth rate of 7.8 per cent over the next 22 years to achieve that goal. In a report titled ‘Becoming a High-Income Economy in a Generation,’ the World Bank said the ambitious target is …

India needs 7.8% annual growth to become a high-income nation by 2047, says World Bank
1 month ago

India needs 7.8% annual growth to become a high-income nation by 2047, says World Bank

Live Mint  

New Delhi: India must maintain an average annual economic growth of 7.8% to attain high-income/developed nation status by 2047, with a business-as-usual approach delivering welfare gains but falling short, a slowdown in reforms widening the gap, and only an accelerated reform strategy ensuring success, the World Bank said in a report on Friday. To be sure, the latest World Bank …

India Q3 GDP: Indian economy grew 6.2% in December quarter, FY25 growth pegged at 6.5%
1 month ago

India Q3 GDP: Indian economy grew 6.2% in December quarter, FY25 growth pegged at 6.5%

Live Mint  

New Delhi: India’s economic growth engine showed some spark in the December quarter to recover from a low in the September quarter. The third quarter’s growth rate, supported by government spending and consumption amid festive demand, was still far from the 9.5% recorded in the corresponding quarter of the previous fiscal. Economists’ views Some economists expect India’s FY25 GDP growth …

India should focus on accelerated reforms to speed up growth, achieve high-income status by 2047: World Bank
1 month ago

India should focus on accelerated reforms to speed up growth, achieve high-income status by 2047: World Bank

The Hindu  

India would need to grow by 7.8% on average over the next 22 years to achieve the country’s aspirations of reaching high-income status by 2047, said the World Bank in a report released on Friday. Achieving this target was possible, however, getting there would require reforms and their implementation to be as ambitious as the target itself, said the report …

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 …

India needs 1.2-1.5 tax buoyancy to achieve 6.5-7% growth: EY
1 month ago

India needs 1.2-1.5 tax buoyancy to achieve 6.5-7% growth: EY

The Hindu  

“India has to maintain a tax buoyancy in the range of 1.2-1.5 to achieve a growth of 6.5-7%,” an EY report said on Wednesday, February 26, 2025. “India’s fiscal strategy must focus on enhancing tax buoyancy, prudent expenditure management, and continued structural reforms to ensure sustainable growth,” EY said. “However, for India to achieve a medium-term growth trajectory of 6.5-7.0% …

India’s GDP growth to hit 6.4% in 2025 weighed by exports amid US tariffs: Moody’s Analytics
Trending News
1 month, 1 week ago

India’s GDP growth to hit 6.4% in 2025 weighed by exports amid US tariffs: Moody’s Analytics

Live Mint  

India’s Gross Domestic Product growth rate is expected to slow down further in 2025, Moody’s Analytics has said. In a report on Thursday, Moody’s said that India’s GDP growth rate will slow down to 6.4 per cent in 2025, from 6.6 per cent that was recorded in 2024. India’s growth to shrink further, China’s GDP to slow down too Moody’s …

Past capex and robust rural demand will propel India’s economic growth: SBICap
1 month, 1 week ago

Past capex and robust rural demand will propel India’s economic growth: SBICap

Live Mint  

New Delhi: India’s economic growth over the next 15 months may benefit from the lagged impact of past capital expenditure and strong rural demand amid slowing consumer spending, SBI Capital Markets Ltd said in a report on Wednesday. SBICap added that private final consumption expenditure, or consumer spending, in India, which accounts for more than 60% of India’s real GDP, …

India’s power sector needs USD 700 bn investment to achieve net-zero pledge, says Moody’s
1 month, 1 week ago

India’s power sector needs USD 700 bn investment to achieve net-zero pledge, says Moody’s

Live Mint  

New Delhi, Feb 19 India's power sector - the biggest carbon emitter - will need massive USD 700 billion investment over the next 10 years to help the country achieve its 2070 net-zero pledge, Moody's Ratings said on Wednesday. "Our expectation of strong economic growth over the next 10 years implies an expansion of India's coal-based power generation capacity in …

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI
1 month, 1 week ago

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI

Live Mint  

India Q3 GDP Growth: The State Bank of India estimates that India's gross domestic product grew 6.2-6.3 per cent in the December quarter of 2024-25. India Q3 GDP Growth Estimates SBI Research's October-December GDP estimates highlighted its in-house developed 'Nowcasting Model', which leverages 36 high-frequency indicators. India's GDP grew by 8.2 per cent during the financial year 2023-24 and continued …

India’s economic growth pegged at 6.3% in December quarter of FY25 on govt spending: ICRA
1 month, 1 week ago

India’s economic growth pegged at 6.3% in December quarter of FY25 on govt spending: ICRA

Live Mint  

India Q3 GDP Growth: Domestic rating agency ICRA projected India's gross domestic product to grow 6.4 per cent in the December quarter of FY25, driven by enhanced government spending amid uneven consumption. India Q3 GDP Growth Estimates ICRA Chief Economist Aditi Nayar said India's economic performance in Q3 FY2025 benefitted from a sharp ramp-up in aggregate government spending on capital …

Odisha’s growth down to 7.2 per cent: Economic Survey
1 month, 2 weeks ago

Odisha’s growth down to 7.2 per cent: Economic Survey

New Indian Express  

BHUBANESWAR: Even as Odisha’s economic growth is estimated to contract to 7.2 per cent in 2024-25 compared to the previous fiscal’s estimation of 8.5 per cent, the size of the economy is expected to be Rs 9.5 lakh crore, up by 10 per cent from Rs 8.6 lakh crore in 2023-24, revealed the Economic Survey Report tabled in the state …

India yet to spell out nature of reforms needed to achieve 8% growth to realise Viksit Bharat by 2047: Ahluwalia
1 month, 2 weeks ago

India yet to spell out nature of reforms needed to achieve 8% growth to realise Viksit Bharat by 2047: Ahluwalia

The Hindu  

The nature of reforms needed for India to achieve 8% annual growth for two decades to realise its vision of ‘Viksit Bharat’ by 2047 have not been clearly spelt out, Montek Singh Ahluwalia, former Deputy Chairman of the erstwhile Planning Commission, has said. Mr. Ahluwalia shared these views at a fireside chat with economist and author Salman Anees Soz on …

DC Edit | RBI focuses on growth, takes a calculated risk
1 month, 3 weeks ago

DC Edit | RBI focuses on growth, takes a calculated risk

Deccan Chronicle  

With global uncertainties making India’s growth trajectory unclear, the Reserve Bank of India appears to have concentrated its focus on boosting growth rate under its new governor Sanjay Malhotra. As part of this agenda, the RBI led Monetary Policy Committee slashed repo rate by 25 basis points to 6.25 per cent. Malhotra, who is a career bureaucrat like Shaktikanta Das, …

India can certainly achieve 7% plus growth rate says RBI’s New Governor Sanjay Malhotra
1 month, 3 weeks ago

India can certainly achieve 7% plus growth rate says RBI’s New Governor Sanjay Malhotra

Deccan Chronicle  

Mumbai: The Reserve Bank of India’s new governor Sanjay Malhotra on Friday said that India can achieve a 7 per cent plus growth rate and the country should aspire for it. The six member central bank’s rate setting panel in its bi-monthly monetary policy has pegged India’s FY26 GDP growth at about 6.7 marginally higher than the earlier forecast of …

India's growth paradox: 5th largest economy but low per capita GDP
1 month, 3 weeks ago

India's growth paradox: 5th largest economy but low per capita GDP

India Today  

The Indian economy, expanding at a breakneck pace, now ranks among the top five largest economies globally. Even in terms of GDP per capita based on purchasing power parity — a country's gross domestic product per person in international dollars — India ranks below at least 140 countries. GROWTH STEADY Even as India’s per capita GDP based on PPP ranks …

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
2 months 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 …

Budgeting to raise the quality of life
2 months ago

Budgeting to raise the quality of life

Hindustan Times  

Developed countries typically offer their people a superior quality of life. The International Monetary Fund projected India’s nominal GDP per capita in 2024 to be $2,698, placing the country at 144 out of 194 economies. India spends barely 2% of its GDP on public health care, which is likely to keep the country away from the goal of universal health …

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

What Economic Survey 2024-25 says on 7 challenges facing the government
2 months ago

What Economic Survey 2024-25 says on 7 challenges facing the government

Live Mint  

Every year, a day before the Union Budget, the government of the day comes out with the Economic Survey, which is both a report card of the Indian economy and a document of thoughts and ideas for the future. For India to achieve developed nation status by 2047, the Survey says: “This would entail sustained growth to close to 8% …

India lowers growth outlook amid rising economic uncertainty
2 months ago

India lowers growth outlook amid rising economic uncertainty

India Today  

Finance Minister to give the Budget 2025 speech on Saturday The Centre forecasts a 6.3-6.8 per cent growth for FY26, a slower pace than before GDP projections match IMF, ADB, and World Bank forecasts The economy is expected to grow 6.3-6.8 per cent in the coming fiscal year, a slower pace than before, according to the Economic Survey presented in …

Discover Related