economic growth

Washington, April 9 – Pakistan is facing mounting debt pressures, weak growth prospects, and persistent structural vulnerabilities, which threaten its economic stability, the World Bank said.The report highlighted that economies with high public debt, limited fiscal space, and heavy external...

Washington, April 9 – India’s economy is maintaining strong growth momentum, driven by robust domestic demand, resilient services exports, and sustained reforms, the World Bank said in its latest report.Growth is estimated at 7.6 per cent in the fiscal year 2025-26, higher than earlier...

New Delhi, April 8 The World Bank on Wednesday slightly raised India's growth projections for the 2026-27 fiscal year to 6.6 per cent, stating that while cuts in the Goods and Services Tax (GST) rate would boost consumer demand in the initial months of the fiscal, the Middle East crisis could...

Kathmandu, April 8 – The World Bank said in a report on Wednesday that Nepal's economic growth is projected to slow significantly in the current fiscal year 2025–26, weighed down by the over-a-month-long US-Iran war and the lingering effects of the Gen Z movement in September last year.Real...

Mumbai, April 8 – Chief Minister Devendra Fadnavis instructed the administration on Wednesday to focus on the speedy and effective implementation of the vision document for Viksat Maharashtra 2047, so that the state can transcend being merely a large economy and become a leader in per capita...

Mumbai, April 8 The Indian natural diamond jewellery market is expected to reach ₹1,50,000 crore by 2030, driven by strong macroeconomic fundamentals and evolving consumer trends, De Beers Group said in a report on Wednesday.Supported by robust macroeconomic fundamentals, including a projected...

Vice Chairman of NITI Aayog, Suman Bery, stated that India's agricultural sector has significant potential to drive future growth. He described it as a burgeoning sector that requires higher productivity and innovation to support the country's development goals. Mr. Bery made this statement...

New Delhi, April 8 Railways account for 28 to 30 per cent of freight movement, which is significantly lower than global benchmarks, indicating substantial potential for growth, according to a joint report released by the industry body, the Associated Chambers of Commerce and Industry of India...

New Delhi, April 8 The Reserve Bank's decision to maintain the status quo on interest rates is a measured approach to strengthen the macroeconomic environment, given the global headwinds influencing economic sentiment, experts said on Wednesday.The Reserve Bank kept its key policy rate (repo)...

Mumbai, April 8 Reserve Bank Governor Sanjay Malhotra expressed confidence on Wednesday that interest rates will remain low in the medium to long term, given the benign inflationary conditions.Addressing the media at a post-monetary policy conference, Malhotra said the Indian economy is very...

Mumbai, April 8 The Reserve Bank on Wednesday projected India's GDP growth for the current financial year at 6.9 per cent, lower than the 7.6 per cent estimated for 2025-26, amid elevated commodity prices and supply chain disruptions originating from the West Asia crisis.Unveiling the first...

New Delhi, April 8 – Prime Minister Narendra Modi said on Wednesday that the Pradhan Mantri Mudra Yojana (PMMY) reflects an economic ethos where opportunities are accessible, initiatives are encouraged, and every dream is given the support to grow.Speaking on the social media platform ‘X’...

Mumbai, April 8 The Reserve Bank projected India's GDP growth for the current financial year at 6.9 per cent, lower than the 7.6 per cent estimated for 2025-26, driven by concerns over elevated commodity prices and supply chain disruptions originating from the West Asia crisis.Unveiling the...

New Delhi, April 7 The government will expand the scope of the Rs 10,683-crore production-linked incentive (PLI) scheme for textiles, covering man-made fibre (MMF) apparel, fabrics, and technical textiles, Union minister Giriraj Singh said on Tuesday.The addition of products to the list of...

Mumbai, April 7 A festival organized to showcase the tourism potential and cultural heritage of Maharashtra's Satara district attracted over 1.5 lakh visitors in just five days, prompting the state government to extend the event by three days.The five-day 'Koyna Daulat Dongri Festival 2026'...

Mumbai, April 7 In a major step towards achieving the 'Viksit Maharashtra' objective within the 'Viskit India 2047' vision, the Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis on Tuesday, gave approval for the establishment of a new independent department for Electronics...

Chennai, April 7 Tamil Nadu Chief Minister M K Stalin on Tuesday launched a scathing attack on Maharashtra Chief Minister Devendra Fadnavis, accusing him of attempting to blackmail voters by linking the approval of the Madurai Metro project to the election of a BJP legislator."Is it the job of...

New Delhi, April 6 – Finance Minister Nirmala Sitharaman stated on Monday that fiscal prudence has given the government the flexibility to maintain capital expenditure (capex) and support sectors affected by the crisis in West Asia.Furthermore, she said that the Reserve Bank can consider...

Thanjavur/Pudukottai, April 5 Tamil Nadu currently stands as the leading state among India's developing regions, boasting a significant growth rate of 11.19 per cent, despite a significant lack of support from the BJP-led central government, Deputy Chief Minister Udhyanidhi Stalin said on...

On the occasion of National Maritime Day today, Prime Minister Narendra Modi stated that the nation remembers India's maritime heritage and the invaluable contributions of all those involved in this sector. Sharing his message on social media, Mr. Modi said that their dedication strengthens the...