GDP News

Nageswaran said that private capex, which fell short in FY24, has rebounded strongly in FY25, indicating that the investment momentum is picking up pace. The CEA highlighted the importance of a robust regulatory and legal framework in enabling success across sectors, including correcting inverted duty structures.

Market capitalisation, which measures a company’s total stock value, is determined by multiplying its share price by the number of outstanding shares.

While speaking to reporters outside the Indian Chemicals and Petrochemical Conclave 2025 held at Bharat Mandapam, Goyal said, "The International Monetary Fund (IMF) has recently revised its growth estimates for India, increasing the projected growth rate from 6.4% to 6.6% for this year. 

The unemployment rate slumped from 6.0 per cent in 2017–18 to 3.2 per cent in 2023–24. About 1.56 crore women have joined formal workforce in the past seven years.

He pointed out that India’s GDP recorded a robust growth of 7.8 per cent in Q1:2025-26, driven by strong private consumption and fixed investment. On the supply side, growth in gross value added (GVA) at 7.6 per cent was led by a revival in manufacturing and steady expansion in services. 

Speaking to the media, Vaishnaw stated that the reform is being welcomed nationwide because it enables people to save a greater portion of their income and makes the majority of everyday necessities more affordable.

India’s real GDP growth accelerated 7.8 per cent year-on-year in the first quarter of this fiscal, from 7.4 per cent the fourth quarter of last fiscal.

Following the release of GDP data, which revealed a 7.8 per cent growth rate in the June quarter, exceeding expectations, Nageswaran said the growth is expected to stay within the targeted range of 6.3-6.8 per cent this fiscal year, as projected in the Economic Survey earlier this year.

Consumer demand — buoyed by healthy rural incomes, lower inflation and interest rates and income tax relief — is expected to remain robust in the coming quarters and support overall GDP growth, while healthy government investment spending should continue to provide buffer.

The services sector remained the biggest contributor, recording growth of 9.3 per cent. Manufacturing also showed strong performance with 7.7 per cent growth, while agriculture, livestock, forestry and fishing rose by 3.7 per cent, aided by a good monsoon. 

The report by Crisil, titled ‘The Road Ahead for Investments’, said India’s investment rate in fiscal 2025 was higher than the decadal average, supported mainly by government and household spending.  

The Japanese financial services major's outlook comes as the government prepares for a major restructuring of the Goods and Services Tax (GST) system -- a reform that has been pending for years.

The central government is likely to conduct a major overhaul of GST, a major source of indirect tax rates. Morgan Stanley, in a report dated August 17, said this next-generation reforms should support consumption.  

The President affirmed that a large section of the population has been pulled out of poverty, income inequality is reducing and regional disparities are disappearing due to the "good governance."

The Standard Chartered global outlook report expects India to clock steady GDP growth of 6.6 per cent in FY26 compared to 6.5 per cent in FY25. While strong macro fundamentals provide the cushion, the bank also flags that India is not immune to tariff risk and the outcome of trade talks with the US and the EU will be key to growth prospects.

GDP growth accelerated to 7.4 per cent on-year in the fourth quarter of last fiscal from 6.4 per cent in the previous quarter. Overall, GDP grew 6.5 per cent last fiscal (FY25).

From ranking 11th in 2013–14, India has positioned itself to become the fourth-largest economy. Even as India has surpassed many countries in terms of the size of its economy over the past decade, per capita income remains very low.

In the broader economy, labour cost growth for major IT firms has slowed significantly — from a peak of 26 per cent in Q3 FY23 to just 4 per cent in Q3 FY25 — highlighting a broader trend of cost rationalisation in the corporate sector, according to the report. 

Meanwhile, the Reserve Bank of India (RBI) on Friday approved its highest ever dividend of a staggering Rs 2.69 lakh crore to the Narendra Modi government. 

The official GDP growth data for the January-March quarter was also released today. The economy grew 7.4 per cent during the quarter.