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Kolkata: India may exceed RBI's GDP growth projection for 2026-27, the chairman of the Economic Advisory Council to the Prime Minister, S Mahendra Dev, said on Wednesday. Speaking at an interactive session with members of the Bharat Chamber of Commerce in Kolkata, he expressed confidence that the economy could achieve 7% growth against the RBI's projection of 6.9%."I am more positive about growth and hoping for 7%. Last year we achieved 7.6%, but many said it would not exceed 7%. Our economy has ...Read More >
Tamil Nadu Chief Minister MK Stalin has strongly criticised Maharashtra Chief Minister Devendra Fadnavis. Fadnavis had stated that a metro project for Madurai would only be launched if a BJP candidate wins the upcoming election. Stalin questioned the propriety of such remarks from a chief minister of another state. Chennai: Tamil Nadu chief minister MK Stalin on Tuesday lashed out at Maharashtra CM Devendra Fadnavis for his remarks that a metro project in Madurai would be launched only if BJP c ...Read More >
She was speaking at an event organised by the NIPFP) here. ShowQuick Read Summary is AI-generated, newsroom-reviewed * India has fiscal space to support sectors hit by the West Asia crisis, says Sitharaman * She said RBI has room to cut interest rates amid global economic challenges * Monetary Policy Committee will announce interest rate stance on Wednesday, the minister said Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Finance Minister Nirmala Sitharaman on Mo ...Read More >
Madurai (Tamil Nadu): Maharashtra Chief Minister Devendra Fadnavis on Monday asserted that a strong "wave of change" is sweeping across Tamil Nadu in favour of the NDA, expressing confidence that the alliance will form the next government in the state. Addressing media persons in Madurai after filing the nomination of BJP candidate Raama Sreenivasan, Fadnavis described him as a "young and promising leader" with considerable experience in public service. "We have just filed the nomination of ou ...Read More >
New Delhi [India], April 6 (ANI): Finance Minister Nirmala Sitharaman on Monday said the global economic landscape has moved from a phase of isolated shocks to one of "permanent volatility", underlining rising uncertainty due to geopolitical tensions and economic disruptions. Addressing the Golden Jubilee event of the National Institute of Public Finance and Policy in Delhi, Sitharaman pointed to several global challenges that have reshaped the world economy in recent years. "The current year ...Read More >
New Delhi: India's strong fiscal position and robust foreign exchange reserves provide the Reserve Bank of India with more policy flexibility, Finance Minister Nirmala Sitharaman said on Monday. Addressing the golden jubilee celebrations of the National Institute of Public Finance and Policy, the Finance Minister said: "India has fiscal space with room to maintain the government's capex programme, room for the RBI to cut rates and room to offer targeted support to affected sectors. This is the ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the win ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said India has fiscal space to support sectors impacted by escalating West Asia crisis, while the Reserve Bank has room to cut interest rate to deal with global challenges. The Monetary Policy Committee headed by Reserve Bank Governor will announce its stance on interest rate on Wednesday. There is a widespread speculation that RBI will maintain status quo. The rate-setting panel began its deliberations on Monday. Observing t ...Read More >
Finance Minister Nirmala Sitharaman said on Wednesday that India is working towards securing 25 per cent of global trade in the coming years. India is working towards securing 25 per cent of global trade in the coming years by building on its strong macroeconomic foundations, resilient growth trajectory and rapidly expanding entrepreneurial ecosystem, said Finance Minister Nirmala Sitharaman. The Finance Minister was addressing the India Economic Conclave in Delhi on Wednesday. Advertisement ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Wednesday said that reducing the country's debt-to-GDP ratio will be the "core focus" for the government in the next financial year (2026-27). Speaking at a media event here, Sitharaman stressed that it is crucial to bring down the debt-to-GDP ratio, which crossed 60 per cent during the Covid period. "It is already coming down, but we need to reduce it further, and this will be a core focus in the next financial year," t ...Read More >
New Delhi, Dec 17 ( UNI) India is working towards securing 25 per cent of global trade in the coming years by building on its strong macroeconomic foundations, resilient growth trajectory and rapidly expanding entrepreneurial ecosystem, said Finance Minister Nirmala Sitharaman. The Finance Minister was addressing the India Economic Conclave in Delhi on Wednesday. She said the global economic landscape is undergoing a major shift, with trade increasingly getting weaponised through tariff restri ...Read More >
The government has sought Parliament's approval for Rs 18,525 crore towards fertiliser and related subsidies in the first batch of Supplementary Demands for Grants for FY26 The Union government on December 15 assured that there would be no fertiliser shortage during the ongoing rabi season, with Union Finance Minister Nirmala Sitharaman saying urea stocks were sharply increased within a month through calibrated imports and close monitoring of supplies across states. Replying in the Lok Sabha d ...Read More >
NEW DELHI, Oct 25: Pakistan's public debt reached $286 billion by FY25, rising 13% from the previous year and deemed "unsustainable," according to a Maldives Insight report. The debt-to-GDP ratio climbed to 70%, while the fiscal deficit stood at $25.2 billion, largely financed through domestic borrowing. Domestic debt accounts for $194 billion, up 15%, and external debt rose to $92.5 billion. Interest payments increased 9% year-on-year, limiting development spending. Multilateral loans make up ...Read More >
Chennai, Aug 28 (SocialNews.XYZ) Tamil Nadu has once again emerged as the country's leader in industrial employment, with Chief Minister M.K. Stalin attributing the achievement to the policies of the Dravidian model government. Citing the Union government's Annual Survey of Industries 2023-24, CM Stalin said the recognition from New Delhi is itself the strongest rebuttal to critics, who have been "targeting" the state government on the industrial and economic fronts. In a post on 'X', the Chie ...Read More >
Srinagar, Aug 28: According to the August 2025 edition of EY Economy Watch, the Indian economy is projected to grow significantly, reaching $20.7 trillion by 2030 and potentially $34.2 trillion by 2038. This optimistic outlook is driven by strong economic fundamentals, favourable demographics, and ongoing structural reforms. India currently holds the position of the fourth-largest economy in the world by nominal GDP, with an estimated size of $4.19 trillion. With a median age of just 28.8 years ...Read More >
New Delhi [India], August 14 (ANI): Foreign capital inflows into India are likely to accelerate following S&P recent credit rating upgrade, which is also expected to lower borrowing costs for the country, said Sonal Badhan, Economist at Bank of Baroda (BoB). In both the short and long term, foreign capital inflows can be expected to be impacted positively, as the upgrade reaffirms trust in India ound fundamentals and growth momentum. We are likely to see higher FPI inflows this year and a decli ...Read More >
MUMBAI, Aug 14 (Reuters) - S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth an ...Read More >
MUMBAI (Reuters) -S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth and better ...Read More >
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