Indian economy News

In 2025 alone, an estimated 3,500 Indian millionaires are expected to leave the country, according to the latest Henley Private Wealth Migration Report. In 2023, the figure was 5,100. In 2024, it dipped to 4,300.

In 2020–21, the total collection was Rs 11.37 lakh crore, with a monthly average of Rs 95,000 crore.  

However, the domestic financial system is exhibiting resilience fortified by healthy balance sheets of banks and non-banks, said the Central Bank. 

It also highlights that equity markets registered modest gains during May-June, notwithstanding fluctuating movements caused by global cues on economic outlook, tariff related news and the evolving domestic scenario.  

The 12-day conflict between Iran and Israel may have come to a halt, but its aftershocks are still being felt and that too thousands of kilometers away in India’s offices, factories and meeting rooms.

HSBC said in its latest investment outlook that it retains a mild overweight on Indian equities and local currency bonds. 

India’s economic journey since 2014 has been remarkable. The country’s GDP has grown from USD 2 trillion to USD 4.2 trillion, propelling it from the 10th to the 4th largest economy globally, surpassing Japan.

Due to the tariff war and global outlook, demand for safe-haven assets has led to capital outflows and weighed on emerging market (EM) currencies, including India.

With inflation staying within the RBI's comfort zone and the central bank signaling a pro-growth stance, FPIs are expected to increase their investments in the coming months.

Strong domestic demand, resilient services and manufacturing sectors, and ongoing infrastructure investments have been cited as key drivers for India’s strong performance amid global uncertainties.

The recovery in capital formation was on account of revival in core sector in Q4 as evident from high frequency indicators. 

PSU banks and realty stocks stood out with positive momentum, while major weakness was visible in consumer goods, IT, auto, consumption and financial services sectors. 

The product description clearly mentioned 'Country of Origin: Pakistan.' While some buyers might have been unaware of the product's origin, the sellers were likely aware.

In contrast, the global outlook remains subdued amid rising trade tensions, policy uncertainty, and a decline in cross-border investments.

The UN's mid-year update of the World Economic Situation and Prospects (WESP) report said India's economy is projected to grow a tad faster next year at 6.4 per cent, even though it is also 0.3 per cent lower than the January projection.

According to the report, India continues to remain the world’s fastest growing major economy and the only country expected to clock over 6 per cent growth in the next two years.

West Bengal CM Mamata Banerjee made the remarks during a conversation at Kellogg College, Oxford University, late on Thursday.

Heightened volatility in global financial markets has also caused apprehensions about the slowdown in global growth, said RBI.

At a time when global growth is expected to remain at 2.7 per cent in 2025-26, this remarkable performance underscores India’s resilience and its growing significance in shaping the world’s economic trajectory, said Ministry of Information and Broadcasting. 

Rural demand is showing a sustained recovery. The festival and wedding season has provided boost to demand for travel, jewellery, watches, quick service restaurant (QSR), footwear, apparel and durables, according to the report by PL Capital Group - Prabhudas Lilladher.