NEW DELHI: The Indian economy is likely to achieve a growth rate of 7% in fiscal year 2025 after growing at or above 7% in 2023-24, driven by resilient domestic demand despite risks and uncertainties in the global economic landscape, according to a review of the economy unveiled on Monday.It also said India can aspire … Read more
Private sector capital expenditure needs to make a comeback for rebalancing the Indian economy towards investment and manufacturing – from a consumption driven one – V Anantha Nageswaran, India’s Chief Economic Advisor (CEA) said Thursday.“Balance sheets have been largely repaired both in the financial sector and the corporates. The gross savings of the private non-financial … Read more
NEW DELHI: India’s economy grew at its fastest pace in a year in the June quarter, supported by strong services activity and robust demand, data released by the government showed on Thursday.Gross domestic product (GDP) grew by 7.8% in the April to June quarter, accelerating from the 6.1% growth recorded in the March quarter.Chief Economic … Read more