‘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.
Union Culture and Tourism Minister Gajendra Singh Shekhawat on Sunday said that the government will work towards increasing the contribution of tourism to GDP to 10 per cent from the current 6.2 per cent.
Net invisibles receipt was higher during 2023-24 than a year ago, primarily on account of services and transfers.
S&P Global Ratings retained India's GDP growth forecast for the Financial Year 2023-24 at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand.
In a bold move to combat climate change, India has set an ambitious target of reducing carbon emissions by one billion tonnes by 2030 through forest conservation, aligning with the Paris Agreement.
As we await counting day on June 4, the nation's economic and political landscape is on the cusp of significant transformation.
