New Delhi, June 13 (IANS) India’s services sector is among the most exposed to artificial intelligence‑driven productivity gains among the emerging economies, positioning the country to benefit from stronger GDP growth as AI adoption accelerates, a report said Saturday.The report from Equirus Economics said the current wave of AI adoption — concentrated in software-driven applications such as large language models (LLMs), generative AI tools, coding assistants and workflow automation systems…
Latest GDP Growth News & Updates
New Delhi, June 9 (IANS) Fitch Ratings has kept India’s GDP growth at 6.4 per cent for FY27, saying that the ongoing West Asia crisis and global oil situation are likely to slow down the economy in the upcoming quarters this fiscal.In a note, the global leader in credit ratings and research said that “We expect GDP growth to ease to 6.4 per cent in FY27, a downward revision of 0.3pp from March”.Domestic demand will be the main driver of growth, but lower imports in real terms imply positiv…
New Delhi, June 8 (IANS) Commerce Minister Piyush Goyal on Monday said India’s 7.7 per cent GDP growth reflected sustained policy interventions and economic reforms undertaken by the government over the past decade, which have ensured that the country remains the fastest-growing economy. “I don’t think any of you would have imagined that last year would close with a GDP growth of 7.7 per cent. This is not an accident, it is a decade of structural reforms,” he said.The minister launched the BHAVY…
New Delhi, June 6 (IANS) Prime Minister Narendra Modi on Saturday chaired a meeting of the Economic Advisory Council to the Prime Minister (EAC-PM), discussing measures to sustain India’s growth momentum, strengthen economic resilience and navigate emerging global challenges amid the West Asia conflict, officials said on Saturday.The meeting focused on strategies to further accelerate economic growth, at a time when major economies across the world continue to face geopolitical uncertainties, …
New Delhi, June 5 (IANS) Prime Minister Narendra Modi said on Friday that India’s growth momentum remains strong and the Union government would leave no stone unturned to further ‘ease of living’, ‘ease of doing business’ and increase opportunities for the country’s youth. “The GDP growth rate of 7.7 per cent in FY 2025-26 and 7.8 per cent in Q4 of FY 2025-26 reflect the inherent strength of our economy, the success of reforms, and the hard work of 140 crore Indians,” Prime Minister Modi remarke…
New Delhi, June 5 (IANS) BJP leader Amit Malviya took a dig at Congress leader Rahul Gandhi, citing the high GDP growth figure for the Indian economy released on Friday as a “tsunami” that has “washed away” the Opposition leader’s “latest sinister attempt to malign India.” The latest GDP data shows India growing at 7.7 per cent in FY 2025–26 is the fastest among major economies. Quarter after quarter, India held firm with a 6.7 per cent growth in Q1, 8.4 per cent growth in Q2, 7….
New Delhi, June 5 (IANS) The Indian rupee appreciated sharply against the US dollar on Friday after the Reserve Bank of India eased investment norms for foreign portfolio investors (FPIs) and announced measures aimed at improving capital flows, boosting investor sentiment.The domestic currency strengthened by 50 paise to 95.24 against the US dollar in intraday trade after opening at 95.72 in the interbank foreign exchange market. The currency had settled at 95.74 against the dollar in the previo…
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) on Friday projected real GDP growth for 2026-27 at 6.6 per cent — with Q1 at 6.6 per cent; Q2 at 6.3 per cent; Q3 at 6.5 per cent; and Q4 at 6.8 per cent — saying that prolonged global supply chain disruptions, volatility in global financial markets, and weather-related shocks continue to pose downside risks to the domestic growth outlook.India’s manufacturing and services PMI suggest that both sectors continue to be resilient, and busine…
New Delhi, June 3 (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) begins its three-day policy meeting on Wednesday, with experts widely expecting the central bank to maintain status quo on interest rates amid volatile global conditions, driven by ongoing tensions in West Asia. The policy decision will be announced on Friday by Governor Sanjay Malhotra.The June review comes amid sustained geopolitical tensions and volatile global crude and gas prices, which have complic…
New Delhi, June 2 (IANS) The Reserve Bank of India is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee meeting, although its communication may turn more hawkish as rising oil prices and a weaker rupee complicate the inflation outlook, according to an economist at HSBC.Pranjul Bhandari, HSBC’s chief India economist and macro strategist, projects a gradual tightening with about two rate hikes beginning in the fourth quarter of 2026 rather than an aggressive tight…