‘Growth momentum remains strong’: PM Modi hails 7.7% GDP expansion in FY26
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.
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.
India’s logistics cost has dropped to 10-10.7 per cent of GDP in the Financial Year 2026, according to a report, due to a cumulative investment of $360 billion in infrastructure development.
Bengal today is crying for industry and employment. At independence, it was among India’s leading industrial states.
Moody's Ratings on Tuesday slashed India's GDP growth forecast for year 2026 by 0.8 percentage points to 6 per cent amid higher energy costs. The cut in growth forecast is primarily on subdued private consumption, capital formation, and industrial activity amid higher energy costs.
India's growth is set to decelerate to 6.7 per cent in the current fiscal, from 7.7 per cent in 2025-26, according to BMI, a Fitch Group firm. It said the GDP expansion is likely to slow significantly due to waning momentum and oil price shock from Iran war.
The Indian textile industry has the potential to become a $300 billion industry by 2030, with $100 billion coming from exports, the government said on Wednesday.
The report further anticipates a deficit of approximately $8 billion, equal to 0.8% of GDP in the first quarter itself. This is a reversal from the surplus of $5.7 billion, or 0.6% of GDP, recorded in the last quarter.
According to the World Bank, the Indian economy continues to grow at a healthy pace and the country's medium-term outlook remains positive.
The PMD noted that this decision was made to provide financial relief and support to farmers.
Drought, a slow-moving phenomenon, can cause significant damage and displacement in affected communities, but its impact varies from region to region, which includes pivotal factors like the GDP of that region, a newly conducted study shows.
