New Delhi, April 21 (IANS) India’s economy is projected to expand by 6.4 per cent in 2026 and 6.6 per cent in 2027, a new United Nations (UN) report has said.The report from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said that economies in South and South‑West Asia grew 5.4 per cent in 2025, up from 5.2 per cent in 2024, driven largely by India’s strong growth of 7.4 per cent in 2025.The report further stated that robust rural consumption, goods and servic…
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Kolkata, April 20 (IANS) BJP Rajya Sabha member Samik Bhattacharya on Monday launched a sharp attack on the West Bengal government, alleging a large-scale “exodus” of capital, investment and opportunities, and claiming that the state is no longer considered an investment-friendly destination. The BJP leader also accused the All India Trinamool Congress government led by Chief Minister Mamata Banerjee of “total absence of law and order” in the state.Speaking to IANS, Bhattacharya, who also …
New Delhi, April 18 (IANS) As the world economic order changes rapidly amid the West Asia crisis, central government and state governments in India should work jointly for giving a strong push to economic linkages between India and ASEAN countries, as well as East Asian nations, according to a new report in Modern Diplomacy.The report highlights that several Asian countries, such as Japan, Singapore, and South Korea, which already have a strong presence in India, are also exploring opportunities…
New Delhi, April 8 (IANS) The Reserve Bank of India (RBI) on Wednesday estimated India’s real GDP growth at 7.6 per cent for FY26 under a new GDP series, while flagging emerging risks from geopolitical disruptions.The FY26 growth reflects resilience supported by strong services activity, manufacturing expansion and robust domestic demand.For FY27, the Central Bank has projected growth at 6.9 per cent, indicating a moderation as external risks and cost pressures begin to build, said RBI Governo…
New Delhi, April 7 (IANS) As global supply chains realign and businesses look at setting up facilities outside China, India has emerged as a long-term strategic investment destination, with competitive export potential for Japan’s mid-sized companies to partner Indian MSMEs (micro, small and medium enterprises) to drive growth.The India–Japan ‘Joint Vision for the Next Decade’, adopted during Prime Minister Narendra Modi’s visit to Tokyo in August 2025, encourages cooperation among SMEs (sma…
New Delhi, March 14 (IANS) India’s services exports have maintained strong momentum in FY2025-26, supported by sustained global demand for Indian services and over the April-January 2025-26 period, services exports are estimated at $348.4 billion, an official factsheet said on Saturday.India’s services exports share in GDP averaged 9.7 per cent during FY23-FY25, marking a notable rise from 7.4 per cent in the pre-pandemic period, and highlighting the growing role of the services sector in su…
Bengaluru, March 6 (IANS) Karnataka Chief Minister Siddaramaiah presented the Budget for the financial year 2026-27 — his 17th — in the Assembly on Friday with a total outlay of Rs 4,48,004 crore, marking a 13.3 per cent increase over the 2025-26 revised estimates. Siddaramiah said that Karnataka continues to lead the nation in all sectors of development. “We are one of the major states that contributes the highest to the tax revenue of the country,” he said.Defending the guarantee schemes, he…
Mumbai, March 6 (IANS) Maharashtra’s outgo towards salaries, pension and interest payment during 2025-26 will be a record Rs 3,12,556 crore, which will be more than 50 per cent of the revenue expenditure of Rs 6,06,855 crore. The revenue receipts are estimated at Rs 5,60,964 crore, officials said on Thursday.According to the Economic Survey for 2025-26, the Maharashtra government’s spending on salaries is Rs 1,72,760 crore (28.5 per cent of total revenue expenditure) against Rs 1,46, 037 crore (…
Mumbai, Feb 23 (IANS) Maharashtra Governor Acharya Devvrat on Monday said that the state continues to be a leading destination for foreign investment, contributing over 13.5 per cent to the national GDP. He further stated that a “Vision Management Unit” has been set up to guide the state’s transition towards a $5-trillion economy by 2047.Addressing the joint session of both houses of the state legislature on the inaugural day of the budget session, the Governor said that Maharashtra receiv…
New Delhi, Feb 18 (IANS) Finance Minister Nirmala Sitharaman made a strong pitch for more foreign direct investment (FDI) in India at a roundtable meeting with prominent Norwegian CEOs and investors in Oslo on Wednesday.In her remarks at the event, the Finance Minister said: “My official visit to Norway has witnessed engaging and positive discussions on India as an investment destination and the fastest growing major economy of the world.”She also said that the Union Budget 2026-27 underpins the…