Economy
India’s economic growth is projected to remain strong despite global headwinds, with Deloitte South Asia CEO Romal Shetty forecasting India’s GDP to grow at 6.7% in FY26, underpinned by domestic consumption, infrastructure spending, and government reforms. Speaking at a leadership summit, Shetty stated that India’s long-term economic growth prospects remain in the range of 7-8%…
India is poised to become the world’s third-largest economy by 2028 and is expected to reach a GDP size of $10.6 trillion by 2035, according to a new research note by Morgan Stanley economists. The report highlights India’s structural transformation driven by policy reforms, manufacturing growth, and a robust digital economy as key enablers of…
India has emerged as the largest buyer of oil palm seeds from Malaysia in the first half of 2025, strengthening its position as a major oil palm cultivation hub in Asia. The development comes amid India’s aggressive push to enhance domestic edible oil production under the National Mission on Edible Oils – Oil Palm (NMEO-OP),…
India’s electronics sector has delivered an impressive performance in the first quarter of the fiscal year 2025-26, registering a 47% year-on-year surge in exports, as per preliminary government trade data. This strong growth reflects India’s gradual but steady rise as a global manufacturing hub under initiatives like Make in India and the Production Linked Incentive…
India’s sugar industry has shown renewed optimism as the country’s sugar exports have touched nearly 700,000 tonnes so far in the ongoing sugar season, with expectations of crossing 900,000 tonnes by September 2025. This comes amid a global market witnessing fluctuating prices, tighter supplies from Brazil due to logistical challenges, and India’s strategic management of…
India is poised to become a $10 trillion economy within the next decade, with Global Capability Centres (GCCs) expected to contribute nearly $0.5 trillion to the country’s GDP, signalling the rapid transformation of India into a hub for global innovation, operations, and technology services. India’s projected economic trajectory According to industry experts and economic think…
In a development that reinforces the attractiveness of gold-backed investments, the Reserve Bank of India (RBI) has fixed the redemption price of Sovereign Gold Bonds (SGBs) maturing on July 13, 2025, at ₹9,688 per gram. This redemption price delivers an impressive cumulative return of nearly 99.67% to investors who subscribed at the initial issue price,…
As geopolitical tensions, pandemic disruptions, and supply chain shocks redefine global trade resilience strategies, Sanjeev Agrawal, President of Indian Ports Association and Director (Finance) at Shipping Corporation of India (SCI), has underlined the urgent need to strengthen India’s shipping ecosystem to insulate its economy from vulnerabilities during global crises. Speaking at the Shipping and Maritime…
India’s auto component industry is staring at an imminent crisis as magnet imports, critical for electric vehicles (EVs) and advanced automotive electronics, face severe supply disruptions. According to Vinnie Mehta, Director General of the Automotive Component Manufacturers Association of India (ACMA), the industry currently has no visibility on magnet import consignments and could exhaust existing…
India is poised to witness a significant rise in its petroleum and other liquid fuel production, with estimates projecting a jump to 5.94 million barrels per day (bpd) in 2026. This development is aligned with the government’s strategic vision to reduce import dependency, enhance energy security, and strengthen its position as a refining and export…
