New Delhi, Feb 27 (IANS) India’s gross domestic product growth for the third quarter of the current financial year (Q3 FY26) will likely remain elevated at 8.3 per cent, driven by demand fuelled by goods and services tax (GST) rate cut despite an unfavourable base effect, a report has said.The report from Union Bank of India said that gross value added growth for Q3 FY26 likely improved to 8 per cent from 6.5 per cent in Q3 FY25, though it may be marginally slower than the 8.1 per cent recorde…
Latest GDP Growth News & Updates
Washington, Feb 19 (IANS) The International Monetary Fund has urged China to take stronger steps to revive domestic demand and reduce economic imbalances, warning that weak consumption and deflation could slow growth and affect the global economy. The IMF Executive Board, which concluded its 2025 Article IV consultation with China on February 13 (local time), said the economy “has remained remarkably resilient despite facing multiple shocks in recent years.”China’s economy grew 5 per cent …
New Delhi, Feb 17 (IANS) The Reserve Bank of India’s (RBI) monetary policy committee (MPC) is likely to keep policy rates unchanged in FY27 as consumer price index (CPI) inflation is expected to see an uptick, a report said on Tuesday.The report from Crisil Ratings said that CPI inflation will rise as the food inflation normalises, adding that the non‑food inflation should remain benign, helped by lower crude oil prices and continued benefits of goods and services tax cuts in the first half of…
Washington, Feb 13 (IANS) India is “well poised” to become the global leader in AI adoption and could see its GDP growth cross 10 per cent in the next two years if it focuses strongly on Artificial Intelligence (AI), Umesh Sachdev, CEO and co-founder of Uniphore, said ahead of the next week’s India AI Impact Summit in New Delhi. “We are at a very interesting point in the AI rollout in the world,” Sachdev told IANS in an exclusive interview. Uniphore serves customers in 20 countries, works with a…
New Delhi, Feb 12 (IANS) Finance Minister Nirmala Sitharaman on Thursday said the Union Budget 2026-27 has come at a rare moment for India’s economy, where strong growth and low inflation are being achieved together.Speaking in the Rajya Sabha, FM Sitharaman described this phase as a ‘Goldilocks moment’ and said it was the result of sustained effort, careful planning and timely policy action, not chance.“According to the first advance estimates released by the National Statistical Office…
Mumbai, Feb 6 (IANS) The Reserve Bank of India’s (RBI) decision to keep the policy rate unchanged reflected a favourable assessment of growth and inflation dynamics, economists said on Friday.The RBI MPC, in its first monetary policy review of 2026, kept the repo rate unchanged at 5.25 per cent.Analysts welcomed the pause on rate hikes and said they expect the RBI to maintain an extended pause, due to positive cyclical upswing and confidence from successful conclusion of multiple trade deals.Rad…
Mumbai, Feb 6 (IANS) The Reserve Bank of India has raised its real GDP growth projections for Q1 and Q2 of 2026-27 to 6.9 per cent and 7.0 per cent, respectively, RBI Governor Sanjay Malhotra announced on Friday.Explaining the rationale behind the hike in the growth forecast, Malhotra said, looking ahead, sustained buoyancy in the services sector, GST rationalisation, healthy rabi prospects, monetary easing and benign inflation environment should support private consumption. Investment activity,…
New Delhi, Feb 2 (IANS) Union Budget 2026–27 kept a “long‑term vision at the forefront” by increasing capital expenditure and improving the expenditure mix, a report said on Monday.The report from Crisil Intelligence said the focus is shifting to the long term—with reforms, improving ease of doing business, and inclusive growth getting centre stage.Immediately after the Covid-19 pandemic, the primary focus was on ramping up infrastructure spending and mitigating pandemic impact on growth a…
New Delhi, Jan 29 (IANS) India has recorded the lowest inflation rate since the beginning of the CPI series, with April-December 2025 average headline inflation coming in at 1.7 per cent, along with a robust GDP growth of 8 per cent, according to the Economic Survey 2025-26 tabled in the Parliament on Thursday.The survey attributes the moderation in retail inflation primarily to the general disinflationary trend in food and fuel prices, which together account for 52.7 per cent of India’s Consu…
Mumbai, Jan 29 (IANS) Indian equity markets ended higher for the third straight session on Thursday, overcoming early volatility as investor sentiment improved after the release of the annual Economic Survey. The survey’s positive outlook on economic growth and fiscal discipline helped markets recover from a cautious start and close in the green.The Economic Survey projected India’s GDP growth to be in the range of 6.8 to 7.2 per cent in the 2026–27 financial year.It also said the country …