India Economic Growth News - Latest Updates & Headlines
India to introduce new policies for toys, footwear manufacturing: Piyush Goyal
Bengaluru, February 13: Union Minister of Commerce and Industry, Piyush Goyal, announced that the government will soon introduce new policies to further promote the manufacturing of toys and footwear in India. The aim is to make the country a global leader in these sectors.
India's Index of Industrial Production records 3.2% growth in December
New Delhi, February 12: The Index of Industrial Production (IIP) grew 3.2 per cent in December which was 5.2 per cent the month prior, quick estimates released by the statistics ministry showed Wednesday.
India to prioritize energy infrastructure in capex shift from FY25-30: Report
New Delhi, February 9: India's capital expenditure from FY25-30 is expected to pivot from public-led transport infrastructure to a more balanced investment in energy infrastructure, which includes electricity generation and the integration of power grids for efficient transmission and distribution, according to BNP Paribas report.
India's services sector records sharp expansion in January, surge in hiring: HSBC
New Delhi, Feb 5: There was a sharp expansion in India's services business activity during January this year, although the growth rate was slower than December, according to the HSBC India PMI survey released on Wednesday.
Union Budget reflects 2047 Viksit Bharat, says CM Chandrababu Naidu
New Delhi, February 3: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Monday asserted that the 2025-26 Union Budget reflects the 2047 Viksit Bharat vision, adding that the country is a pull factor for global economic growth.
India needs 8% annual growth for achieving Viksit Bharat target: Economic Survey
New Delhi, January 31: India needs to grow around 8 per cent for a decade or two to achieve its Viksit Bharat dreams, the Economic Survey has asserted, at a time when the country's growth showed weak progress in the first two quarters of the current financial year.
Union Budget 2025 to act as catalyst for India's $5 trillion economy goal
New Delhi, Jan 29: India’s goal of becoming a $5 trillion economy calls for policies that promote sustainable and inclusive growth and the Union Budget 2025-26 can act as a catalyst for growth while ensuring equity and efficiency in the economy, a pre-budget survey showed on Wednesday.
62 pc HNIs and UHNIs plan to buy luxury properties in India in next 12-24 months
New Delhi, Jan 28: Confidence in India's economic growth remains strong and 62 per cent of high-net-worth individuals (HNIs) and ultra high-net-worth individuals (UHNIs) have expressed desire to buy luxury properties in the country in the next 12-24 months, according to a report on Tuesday.
Minister Ashwini Vaishnaw highlights India's export-led growth and inclusive development at Davos
Davos, January 24: Addressing global leaders and industry captains, Ashwini Vaishnaw, Union Minister of Information and Broadcasting, Railways, Electronics and IT presented India's vision of inclusive development and its remarkable growth story at the World Economic Forum in Davos.
India records 39 per cent surge in investments to Rs 32 lakh crore in 9 months of FY 25
New Delhi, Jan 24: India has recorded a robust 39 per cent surge to Rs 32 lakh crore in domestic investments announced by public and private sector companies during the first nine months (April-Dec) of the current financial year (FY25), compared to the corresponding figure of Rs 23 lakh crore for the same period of the previous financial year, according to data compiled by the State Bank of India (SBI).
Brand of India reinforced under PM Modi's leadership, Now Indians investing globally: CM Chandrababu Naidu in Davos
Davos, January 23: Andhra Pradesh Chief Minister N Chandrababu Naidu praised India's growing global recognition and economic strength under Prime Minister Narendra Modi's leadership.
India's brand has been reinforced under PM Modi's leadership: Andhra Pradesh CM Chandrababu Naidu
Davos, January 23: Andhra Pradesh Chief Minister N Chandrababu Naidu lauded Prime Minister Narendra Modi's leadership, saying that the brand of India has been reinforced under his leadership.
WEF 2025: Andhra CM Naidu highlights India's growing status as global economic powerhouse
Davos, Jan 21: Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday highlighted India's evolution as a global economic powerhouse that is expected to contribute the highest incremental global GDP in the world by 2027.
CII Special Session at Davos unveils vision for Swarna Andhra@2047 and India's green industrial future
Davos, January 21: Confederation of Indian Industry (CII) on Tuesday hosted a special session on Swarna Andhra@2047 at WEF Davos, bringing together thought leaders to discuss Andhra Pradesh's transformative growth vision, a release added.
EdTech sector's contribution to India's GDP set to quadruple by 2029: Report
New Delhi, January 20: The EdTech sector in India is witnessing unprecedented growth, with its contribution to the country's GDP projected to rise from 0.1 per cent in 2020 to 0.4 per cent by 2029, according to a joint report by the Internet and Mobile Association of India (IAMAI) and Grant Thornton Bharat.
1.59 lakh startups, 16.6 lakh jobs make India world's 3rd largest ecosystem: Centre
New Delhi, Jan 15: With more than 1.59 lakh startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) as of January 15, India has firmly established itself as the third-largest startup ecosystem in the world, the government said on Wednesday.
Significant growth opportunities in India because of under-penetration in most sectors: Report
New Delhi, January 15: India stands out as a promising market with vast untapped potential, as the country remains below the global average in product penetration across several key sectors, highlights a report by ICICI Mutual Fund.
Government's infrastructure investments to propel growth into FY 2026: Report
New Delhi, January 12: The Union government's efforts on infrastructure development and investments in critical sectors such as railways, defence, power, and data centres are expected to drive growth momentum into the financial year (FY) 2026 and beyond, says a report by financial services firm Prabhudas Lilladher (PL).
India's services sector growth surges to 4-month high in Dec: Report
New Delhi, Jan 6: India's services sector growth rose to a 4-month high in December as robust demand boosted business activity with strong job creation taking place during the month, according to a survey released on Monday.
India's HSBC service index registers strongest expansion in 4 months, index rose from 58.4 in Nov to 59.3 in Dec
New Delhi, January 6: India's services sector ended 2024 on a strong note, with the HSBC India Services Business Activity Index rising from 58.4 in November to 59.3 in December, according to the HSBC PMI survey.
India is well positioned to more than fend for itself, it can enhance its economic potential, by seizing the opportunities: Anand Mahindra
Mumbai, January 01: In a New Year 2025 letter to employees, Anand Mahindra, Chairman of Mahindra Group, shared his optimistic vision for India and reaffirmed the core values that have guided the conglomerate for nearly eight decades.