‘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.
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The Indian economy is expected to grow at 7.1 per cent in the first quarter (April-June) of the current financial year with the farm sector posting a robust performance, according to a report by SBI Research.
Driven by robust demand for government infrastructure projects, the country’s domestic steel production is projected to cross 300 million tonnes (MT) by 2030
Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2024 on July 23.
It will be 3.4% of the country's GDP, and the government will endeavour to maintain strong fiscal support for infrastructure over the next five years, she said.
