New Delhi, Feb 27 (IANS) As India moves towards deeper integration in the global value chains, base year updates at regular intervals, current after every five years, it reflects the government’s commitment to data-driven policy intervention to shocks in the global economy, economists said on Friday.New estimates of real GDP at Rs 322.58 lakh crore in FY 2025-26, against the First Revised Estimate (FRE) of GDP for the year 2024-25 of Rs 299.89 lakh crore pegs GDP growth rate at 7.6 per cent, as …
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New Delhi, Feb 22 (IANS) India’s capital expenditure saw a year-on-year contraction of 23.4 per cent in the third quarter of FY2025-26, a new report said on Sunday.The moderation in government spending is expected to slightly temper economic growth momentum during the quarter, although overall activity remains supported by festive demand and state-level capex expansion, data compiled by ICRA showed.However, state governments showed improved momentum. Data available for 24 states showed that th…
New Delhi, Feb 12 (IANS) Economists on Thursday said that they do not expect the new CPI inflation series to materially influence policy in the near term.The headline CPI inflation printed at 2.75 per cent in January 2026 as per the new CPI series (base year 2024), well below the mid-point of the RBI MPC’s target range of 2 per cent-6 per cent.“We do not expect the new inflation series to materially influence policy in the near term. An extended rate pause looks likely, underpinned by a cycl…
New Delhi, Dec 30 (IANS) India’s economic growth is expected to pick up pace in the current financial year, with GDP projected to grow at 7.4 per cent in FY2026, a new report said on Tuesday.This would mark an improvement from the estimated 6.5 per cent growth in FY2025, according to a report by ICRA Limited.The report said economic expansion may remain strong in the first half of FY2026, with GDP growth expected to be around 8 per cent.However, growth is likely to ease to below 7 per cent in …
New Delhi, Dec 29 (IANS) Healthy gains in manufacturing and mining suggest that underlying industrial momentum is strengthening in India, potentially supporting broader economic performance in the near to medium term, industry leaders and economists said on Monday.The Index of Industrial Production (IIP) registered a record high growth of 6.7 per cent (quick estimate) in November, compared to 5 per cent in the same month last year, “driven by notable deceleration in the manufacturing and mining …