gdp

Mumbai, March 23 The conflict in West Asia and fresh trade investigations by the US have resulted in increased volatility in global markets, the RBI bulletin said on Monday.India's foreign exchange reserves remain adequate to provide a cushion against external shocks, according to an article...

New Delhi, March 21 The Ministry of Finance said on Saturday that the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) has been modified to support manufacturers and exporters, allowing a 5 per cent upfront contribution in installments after the fourth year.According to the revised scheme...

Ahmedabad, March 20 Gujarat is aiming to become a $1 trillion economy by 2030, following the development path envisioned by Prime Minister Narendra Modi, Chief Minister Bhupendra Patel said on Friday.Speaking at the Confederation of Indian Industry (CII) Gujarat Annual Convention and...

Ahmedabad, March 20 Gujarat is on track to become a $1 trillion economy by 2030, Chief Minister Bhupendra Patel said on Friday, asserting that the state government would provide full support to the industry in achieving this target.Speaking at the state Annual Session of the Confederation of...

New Delhi, March 20 With the conflict in West Asia disrupting the global supply chain, the government has placed maximum emphasis on improving the logistics ecosystem of the country and its cost, which is estimated to be 7.97 per cent of GDP or approximately Rs 24.01 lakh crore.Officials said...

The government stated today that the country's services exports continue to show strong growth, with exports reaching over $348 billion during the current financial year (FY), from April to January. Services exports accounted for 10% of the country's GDP in the first half of FY26, highlighting...

New Delhi, March 13 – The Lok Sabha on Friday approved the second batch of Supplementary Demands for Grants, which will enable the government to spend an additional ₹2.01 lakh crore in the current financial year.The government had sought approval to spend a gross additional amount of ₹2.81...

New Delhi, March 13 Finance Minister Nirmala Sitharaman on Friday said the Rs 1 lakh crore Economic Stabilization Fund will provide fiscal space for India to respond to global challenges.Responding to the debate on the second batch of supplementary demands for grants in the Lok Sabha, she said...

Mumbai, March 12 Maharashtra is set to play a major role in India's vision of achieving a USD 5 trillion economy by FY27, and expects to contribute USD 1.5 trillion to the country's GDP, Deputy Chief Minister Eknath Shinde said on Thursday.Maharashtra continues to be the country's leading...

New Delhi, March 10 The fiscal deficit as a percentage of GDP for the three financial years up to 2024-25 has been revised upwards following the revision in the base year for calculating GDP, the government informed Parliament on Tuesday.According to the new GDP series published on February...

Mumbai, March 10 – During the Legislative Assembly's budget discussion, senior NCP (SP) legislator and former Finance Minister Jayant Patil on Tuesday criticized the state government's fiscal roadmap, labeling the 2026-27 budget as a "document of deception."Patil argued that the government's...

Mysuru (Karnataka), March 7 Karnataka Chief Minister Siddaramaiah said on Saturday that the allegation that the state government has excessively increased borrowing is far from the truth and maintained that the objective of this year’s Budget is to provide equal opportunities to people from all...

Mumbai, March 5 Increased participation of women in long-term financial investments could generate a cumulative GDP-equivalent impact of approximately ₹40 lakh crore (USD 430 billion) over a 10-year period, according to a joint report by LIME and EY.The report stated that this impact would...

Mumbai, March 4 The conflict in the Middle East poses some immediate challenges for the Indian economy, but it is unlikely to significantly impact long-term economic growth, according to an external member of the RBI's rate-setting panel.Moving forward, there is a need for coordinated fiscal...

Beijing, March 5 China announced on Thursday that it would increase its defence budget by over 10 per cent, to USD 275 billion, about USD 25 billion more than last year, as it accelerates the modernisation of its armed forces to keep pace with the US military.Approximately 1.9 trillion yuan...

Beijing, March 5 China announced on Thursday that its defense budget would be increased to $275 billion, about $25 billion more than last year, as it accelerated the modernization of its armed forces to catch up with the US military.Approximately 1.9 trillion yuan ($275 billion) will be...

Beijing, March 5 China lowered its GDP target to 4.5 to 5 percent for this year in response to Trump's trade tariff war, the worsening global crisis following the US-Iran war, and economic headwinds stemming from the property market slump and the unemployment crisis.The target, close to that...

New Delhi, March 3 Fitch Group company BMI said on Tuesday that the ongoing conflict in the Middle East could discourage investment in India, and offset the positive effects of trade deals with the EU and the US on GDP.Despite the favorable readings of policy uncertainty so far in 2026, BMI...

Chandigarh, March 2 – Reinforcing Haryana’s commitment to fiscal prudence and development-led growth, Chief Minister Nayab Singh Saini presented the state’s budget for 2026-27 on Monday, emphasizing seven key pillars that underscore disciplined financial management and a significant increase in...

Mumbai, March 2 India's current account deficit (CAD) rose to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter from USD 11.3 billion in the year-ago period, mainly due to a higher trade deficit caused by a decline in exports to the US, according to RBI data released on Monday...