‘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 economy is among the few in the region where investment rates rose between 2015 and 2023, a report showed on Monday.
External Affairs Minister Dr S Jaishankar represented India at the SCO (Shanghai Cooperation Organization) summit held on 3 and 4 July at Astana, Kazakhstan.
Notably, in the Interim Budget, the government targeted a fiscal deficit of 5.1% of GDP for FY25.
Leading global investment banking and securities firm Goldman Sachs in a note said the upcoming budget is likely to stick to the path of fiscal consolidation
Nauru, touted as the wealthiest nation in terms of GDP during the 1980s, is now described as one of the world's poorest and least visited countries.
