"indian-economy"

Did Narendra Modi make India perform better than it would otherwise have? A new study reconstructs the India that might have been and draws a stark conclusion: his era represents a “tale of broken promises”

NCP(SP) chief Sharad Pawar questioned the Centre’s 7.8 per cent GDP growth figure, alleging statistical manipulation and an economic slowdown. He also raised concerns over inflation, household savings, sugar prices, rainfall deficits, drinking water and agricultural operations across Maharashtra

Prime Minister Narendra Modi congratulated citizens for India’s 7.8% GDP growth in the April–June quarter, achieved despite global wars, instability, and supply chain disruptions. In a video message, he urged people to embrace Swadeshi and self-reliance, avoid unnecessary foreign holidays, weddings abroad, and gold purchases.

India’s economy grew 7.8 per cent in the April-June quarter of FY27, beating expectations and the RBI’s 7 per cent forecast. Despite geopolitical tensions and the Iran conflict, strong domestic activity helped sustain growth, keeping India the fastest-growing major economy

The rupee pared its initial gains to settle 11 paise lower at 95.55 against the US dollar, pressured by a stronger greenback and weak domestic markets. Easing crude prices provided some support, while analysts expect the currency to trade within 95-96

The rupee is expected to weaken to Rs 97 per dollar by FY27-end and Rs 99 by FY28-end, BMI said. Elevated energy prices, global risk aversion and interest-rate differentials will pressure the currency, while capital inflows and remittances may cushion depreciation

Critical reforms in labour, land, agriculture, education, healthcare, infrastructure and the justice system are still pending

PL Wealth retained its overweight stance on Indian equities, citing strong long-term fundamentals despite risks from inflation, crude oil prices, the rupee and foreign outflows. The report recommends phased investments in quality stocks while favouring infrastructure, financials and manufacturing themes

The Indian rupee fell 20 paise to settle at 96.73 against the US dollar on Thursday. Escalating West Asia tensions pushed Brent crude to $96.15 per barrel, while heavy foreign equity outflows continued to pressure the local currency

Finance Minister Nirmala Sitharaman stated that government reforms have transformed India into a global hub for innovation. Addressing the YiFi Entrepreneurship Summit 2026, she urged young entrepreneurs to leverage sunrise sectors, stable policies, and digital infrastructure to build generational businesses

The IMF lowered India's 2026 growth forecast to 6.4% due to higher global oil prices driven by the Middle East conflict but raised its 2027 outlook, citing resilient domestic demand, stronger economic activity, easing energy pressures, and sustained medium-term growth prospects despite global uncertainty

Finance Minister Nirmala Sitharaman said India successfully managed the economic impact of the West Asia crisis through prudent resource management, strong domestic consumption and trade agreements, enabling it to remain the world's fastest-growing major economy while strengthening strategic cooperation with France

Union Minister Piyush Goyal announced that India-US bilateral trade talks have entered their final stage, securing preferential market access. Goyal also confirmed the India-UK FTA launches July 15, while the India-EU pact is tracking for a year-end rollout

Private fuel retailer Nayara Energy has cut petrol prices by ₹5 per litre and diesel by ₹3 per litre across India. The move, triggered by cooling global crude prices, has brought major relief to consumers and gig workers

An SBI Research report reveals that West Bengal’s FY27 budget marks a strategic shift toward investment-led growth and industrialization. While aiming to cut its revenue deficit, the state faces fiscal challenges from high debt and reliance on central funds

The RBI Bulletin has warned that an adverse south-west monsoon could affect India's growth and inflation outlook. While domestic economic momentum remains strong, geopolitical tensions, trade disruptions and uncertainty surrounding the global economy continue to pose significant risks

Finance Minister Nirmala Sitharaman accused Rahul Gandhi of consistently portraying India negatively and ignoring its economic progress. Highlighting growth, poverty reduction, welfare schemes and digital infrastructure, she said India remains resilient despite global challenges and continues advancing towards Viksit Bharat 2047

Prime Minister Narendra Modi, speaking in Daman, highlighted India’s strong economic foundation as GDP grew 7.7 percent in FY 2025-26, with 7.8 percent growth in the January-March quarter.

The Reserve Bank of India has dismissed reports suggesting it liquidated USD 12 billion in gold to defend forex reserves. The RBI confirmed physical gold stocks remain unchanged at 880.52 tonnes, despite severe macro pressures on the rupee

The RBI Bulletin said India’s near-term economic outlook remains clouded by supply-side pressures and risks arising from the West Asia conflict. However, domestic demand, strong services exports and policy measures are expected to help the economy withstand global uncertainties and external challenges