Hailing India’s 7.7% GDP growth in FY26, Prime Minister Narendra Modi on Friday said the expansion reflected the “inherent strength” of the economy, the “success of reforms” and the “hard work of 140 crore Indians”.“India’s growth momentum remains strong! GDP growth rate of 7.7% in FY 2025-26 and 7.8% in Q4 of FY 2025-26 reflect…
India can return to a growth trajectory of over 7% in FY28 through macroeconomic stability and supply-side measures, provided external conditions improve, Chief Economic Adviser V Anantha Nageswaran said on Friday.The comments came after the Reserve Bank of India lowered its GDP growth forecast for FY27 to 6.6% from 6.9% projected in April, citing elevated…
The Indian economy grew at a better-than-expected 7.8% in the fourth quarter of last financial year 2025-26. The GDP growth for the whole year stood at 7.7% marginally higher than the previous government estimates of 7.6%. India’s economic growth has beaten estimates, especially as experts had expected some impact of the US-Iran conflict to reflect…
India-US trade deal: Sharing an important update on discussions for the much-anticipated India-US trade deal, Commerce minister Piyush Goyal on Friday said that the first tranche could be finalised as early as next month.India and the US are making rapid progress towards resolving the remaining issues in their proposed interim trade arrangement, with both countries…
India’s foreign exchange reserves rose by $938 million to $682.321 billion in the week ended May 28, snapping the previous week’s decline, according to data released by the Reserve Bank of India (RBI) on Friday.In the preceding reporting week, the country’s forex reserves had fallen by $7.511 billion to $681.384 billion, reported PTI.India’s reserve stock…
Gold was on track for a weekly loss as uncertainty persisted over progress in US-Iran talks to end the war that’s roiled global markets. Gold declined sharply after the US-Iran conflict began in late February and has traded in a narrow band in the last few weeks. (Representational image) Bullion was near $4,450 an ounce…
Indian entrepreneurs have emerged as the largest immigrant group behind America’s billion-dollar startup ecosystem, founding or co-founding 96 US unicorns, according to a new study that underscores the growing influence of Indian talent on the world’s biggest innovation economy.The report by the National Foundation for American Policy (NFAP) found that immigrants have founded or co-founded…
Smaller Indian companies linked to data centers and Artificial Intelligence infrastructure have become some of the biggest stock market winners in 2026, though India does not have many major AI software or semiconductor companies. $47 billion added by AI infrastructure firms in India, report finds (Unsplash/Repersentative) (Unsplash) These companies are benefiting from the huge amount…
NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank is considering a proposal to introduce polymer currency notes in India, though the idea remains at a preliminary stage and no final decision has been taken yet.Addressing the media after the Monetary Policy Committee (MPC) meeting, Malhotra said, “Polymer note…
India is projected to surpass China in terms of its share of global GDP measured in purchasing power parity (PPP) by around 2060, as China’s contribution to the world economy is expected to stabilise and decline in the second half of the century, PTI reported citing a report by researchers associated with the World Inequality…
