Bengal’s chance to plant a new tree
In O. Henry’s The Last Leaf, ailing Johnsy clings to life because one painted leaf refuses to fall. Such is the power of optimism; it does not need to be certain to be effective.
In O. Henry’s The Last Leaf, ailing Johnsy clings to life because one painted leaf refuses to fall. Such is the power of optimism; it does not need to be certain to be effective.
S&P Global Ratings cut India's GDP growth to 6.6 per cent in the current fiscal year, driven by energy stress, a sub-par monsoon and slowing global growth.
India's Gross Domestic Product (GDP) is set to grow at 6.6 per cent in the current fiscal as compared to 7.7 per cent in FY26, said BMI, a Fitch group company, citing weaker investments and consumption growth and trade shocks from the West Asia crisis.
India’s current account surplus moderated to $7.1 billion, or 0.7 per cent of GDP, in the fourth quarter (January-March) of financial year 2025-26, compared with $13.7 billion in the same period a year ago, according to the Reserve Bank of India’s latest Balance of Payments data.
Prime Minister Narendra Modi on Friday welcomed India’s latest GDP data, calling it proof of economic resilience, reform impact and the hard work of 140 crore Indians.
Chief Economic Adviser V Anantha Nageswaran has been requested by the Parliament Standing Committee on Finance to appear before it on Friday to brief members on the subject ‘Roadmap for Indian economic growth in light of global economic and geopolitical circumstances.’
Real GDP has been estimated to grow by 6.5 per cent in the Financial Year 2024-25 while the nominal GDP has witnessed a growth rate of 9.8 per cent, government said on Friday.
In spite of ongoing global uncertainties, India may be able to achieve a real GDP growth of 6.5 per cent in FY26.
India’s private investment conundrum is a pressing issue that requires immediate attention from policy makers. With a 25 per cent year-over-year decline in intended private capex for FY26, it's clear that the economic headwinds are strong.
India will be able to save 1.6 percent of its GDP, amounting to Rs 5 lakh crore, if Lok Sabha and state assembly elections are held simultaneously. This was stated by PP Chaudhary, chairman of the Joint Parliamentary Committee on the Constitution (129th Amendment) Bill, 2024, and the Union Territories Laws (Amendment) Bill, 2024, in Dehradun on Thursday.
