GROWTH
FM Nirmala Sitharaman targets Rahul Gandhi, says India's growth story belies Opposition's doom predictions
Responding to Rahul Gandhi's criticisms, Finance Minister Nirmala Sitharaman confidently proclaimed India as the fastest-growing major economy globally. Citing impressive GDP growth rates and IMF support, she argued that the country's economic resilience is undeniable.
Bio-energy emerging as key pillar of green growth strategy: TPCI
India's really getting into bio-energy as a key player in its green growth and energy shift. The Trade Promotion Council of India (TPCI) is gathering top minds to give the sector a real push. Bio-energy is a big deal for cutting down on fossil fuels, tackling waste issues, and creating jobs, especially in rural areas.
Reebok sales doubled in last 3 yrs, aggressive on growth trajectory: Aditya Birla Lifestyle Brands
Reebok's sales have more than doubled in India over the last three years following its acquisition by an Aditya Birla group firm. The brand plans to aggressively expand its network by adding 40-50 stores annually, targeting untapped market opportunities across metro and smaller towns. This growth is fueled by strong same-store sales and new product launches.
India's productivity gap with China widens despite strong GDP growth; manufacturing leap still missing: Report
India's labour productivity gap with China has widened significantly since 2000, despite strong economic growth. The country has yet to achieve an industry-led productivity transformation seen in peers like China and South Korea. Structural constraints, economic disruptions, and the pandemic have hampered progress, with a need for deeper reforms beyond current initiatives.
China's May loan growth dips on weak demand
Aggregate financing, a broad measure of credit, increased ¥2.03 trillion ($300 billion), according to Bloomberg calculations based on data released by the People's Bank of China on Friday. While that exceeded the median estimate in a Bloomberg survey of economists, it was more than 11% weaker than in the year prior.
IMF cuts eurozone growth forecasts again on energy inflation risks
The International Monetary Fund has issued a stark warning. The ongoing Middle East conflict is impacting eurozone growth more than previously anticipated. Energy price surges are expected to slow economic expansion. Inflation is also projected to climb higher. Consumer confidence may weaken, leading to reduced spending.
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Flexible office space market crosses 100 million sq ft mark, GCCs driving growth
India's flexible workspace industry wrapped up FY26 on a high note, showcasing impressive double-digit revenue growth alongside rising profits. The key players driving this trend are Global Capability Centres, which have significantly increased deal sizes and customer loyalty.
Quote of the day by Peter Drucker: “The best way to predict your future is to...” — the leadership lesson behind success and growth. How will you create your own future today?
Quote of the day by Peter Drucker teaches a powerful lesson about success, future planning, and personal growth. His wisdom shows that people create their destiny through action, discipline, and smart decisions. In a changing world, waiting brings uncertainty, but learning and adapting build opportunities. Drucker’s message inspires leadership, confidence, and the courage to shape tomorrow through today’s choices.
Is India's economic growth real? Raghuram Rajan says something is off
Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap and warns of vulnerabilities from the Middle East conflict.
Higher crude prices fuel bank lending boom; credit growth hits 17.7%, fastest since June 2024
Bank lending saw its fastest growth in almost two years by May 31, 2026. Credit expanded significantly, reaching Rs 215.2 lakh crore. This surge occurred as bank deposits decreased by Rs 2.3 lakh crore. The gap between loans and deposits widened. Oil marketing companies and government schemes contributed to higher credit demand. Deposit growth lagged behind credit expansion.
ET Alpha Wealth Summit | India's growth story is real, but 6.5% won't make us Viksit Bharat, warns Garima Kapoor, Elara Securities
India's current 6.5% growth is comfortable but insufficient for its 2047 aspirations, requiring 7.5-8% growth. A lack of corporate investment is the primary hurdle, despite government and consumer demand. However, global reindustrialization and new trade deals offer optimism. Foreign investors are wary due to weak earnings growth relative to India's premium valuation.
IPO market growing, healthy participation needed: Sunder Iyer, Deloitte India
India's IPO arena is poised for dynamic growth, with a wave of businesses on the brink of launching their public shares, fueled by an increase in local investor enthusiasm. This positive momentum is forecasted to last three to five years, compelling investors to sharpen their focus on companies that demonstrate strong governance and lucid financials.
More working women, not more babies, key to growth
India faces a demographic shift with falling fertility rates. Economists are concerned about future economic growth. Instead of financial incentives for more children, the focus must be on increasing women's workforce participation. This will meet workforce needs and help India become a developed nation. Local governments will need to address the needs of an aging population.
World Bank Raises India's FY27 Growth Forecast to 6.6%
India's economic growth forecast for FY27 has been raised to 6.6 percent by the World Bank. This positive outlook is driven by reduced US tariffs and anticipated benefits from new free trade agreements. While external demand may weaken due to global conflicts, domestic demand and export growth are expected to pick up.
Cement demand growth likely to moderate to around 5% in FY27: Ambuja Cements
Ambuja Cements anticipates a 5 percent growth in India's cement demand for fiscal year 2026-27. This follows a stronger growth in the previous fiscal. The company is expanding its production capacity through strategic acquisitions and organic growth. Ambuja Cements is also consolidating its cement businesses under a unified structure.
India's strong growth keeps state finances stable despite deficits, rising debt: S&P
India's robust economic expansion is shielding state finances from worsening. Despite ongoing spending needs and revenue gaps, strong growth is boosting revenues. This expansion is expected to keep credit risks manageable. State governments are crucial for development, handling significant public expenditure.
India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World Bank
India will remain the world's fastest-growing major economy. Growth is projected to slow to 6.6 percent in fiscal year 2026-27. This moderation is due to higher energy prices and input costs. However, the economy is expected to rebound to 7.2 percent growth in fiscal 2027-28. Domestic demand remains robust, supporting economic activity.
Bank credit grows over 17% in May, extending double-digit rise for 9th month in a row
Bank credit saw a strong 17.44 percent growth in May. This marks the ninth straight month of double-digit expansion. Demand for loans from individuals and businesses remains high. Credit growth has consistently stayed above 13 percent since January. The Reserve Bank data shows a sustained upward trend in lending.
World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran war
Global economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices and created uncertainty. Developing nations face a significant slowdown. While the US economy remains resilient, other countries are experiencing harder impacts. Disruptions in energy and fertiliser trade are a major concern.
India Inc remains bullish on FY27; Telecom, defence, banking seen driving growth: Report
Indian businesses are optimistic about FY27. Telecom, defence, metals, and banking are set for growth. Companies expect demand to remain strong and are confident in managing rising costs. AI is boosting telecom infrastructure. Defence manufacturing continues its strong run. Power and capital goods sectors show a favorable outlook. Consumer spending and premiumization will drive growth.
India's economic growth rate to weaken at 6.6% in FY27 on slower investments, consumption: BMI
India's economic growth is expected to moderate to 6.6 percent in the current fiscal year. This slowdown follows a robust 7.7 percent growth in the previous year. Weaker investments and consumption are key factors. Trade disruptions from the West Asia crisis also pose challenges. The Reserve Bank of India's growth estimate aligns with this projection.
Consumer staples sector to face growth normalization in 2nd half of 2026, updates on pricing power and channel efficiency eyed
Consumer staples growth momentum is likely to moderate in the second half of FY27 as GST-related benefits phase out and high base effects set in, brokerage firm Systematix Instituitional Equities said in a report. Pan-India channel checks point to a balanced sector outlook with distributor efficiency improving, but volume recovery remaining uneven across categories.
Order book growth keeps Persistent Systems on track
Persistent Systems shares are rising, buoyed by optimism in the technology sector and advancements in artificial intelligence. The company remains confident in its long-term growth strategy. Nevertheless, analysts have recalibrated earnings forecasts downwards, anticipating a slowdown in revenue growth as clients increasingly incorporate AI technologies.
Strong consumption keeps growth steady amid Iran war cost concerns
India's economy shows steady growth driven by domestic demand. The West Asia conflict presents challenges like higher oil prices. The government plans to attract more foreign investment and boost revenue through asset sales. Efforts are underway to support farmers and consumers amidst rising costs. The GST Council will discuss further reforms soon.
CRISIL's Dharmakirti Joshi gives India a 7 out of 10 on growth durability; says private capex has the money but not the will
India's economic growth remains strong and durable. Corporate India possesses robust financial health but lacks the confidence to invest. New-economy sectors are attracting private capital due to clear demand. Energy prices are the single most important indicator to monitor for the economy's future performance. This outlook suggests continued economic progress.
China escaped middle income trap but India still stuck in it; 4 economists debate if 6.5% growth is enough for Viksit Bharat
India's economic growth rate is robust, but experts caution it may not be sufficient for significant wealth creation. A key concern is the lack of private corporate investment, hindering job creation and income growth. Foreign investment is also facing challenges. Experts believe improved execution and innovation are crucial for India's long-term economic success and to avoid the middle-income trap.
Despite geopolitical crisis, India's economic fundamentals and strategic partnerships will sustain growth: World Bank
India's economy shows strong growth potential. The World Bank believes this momentum will continue. Investments in people and businesses are key. Expanding international partnerships also supports this growth. India's favorable business environment attracts investment. The large consumer base and trade agreements offer opportunities. The food processing sector is particularly promising for future expansion and rural job creation.
Fitch cuts FY27 growth projection to 6.4%; US-Iran war to slow down economy
Fitch Ratings has reduced India's GDP growth projection to 6.4 percent for the current fiscal year. The US-Iran war is expected to slow economic activity in the September and December quarters. Rising prices will dampen consumer spending. For FY28, growth is expected to pick up to 6.7 percent. Fitch also anticipates the Reserve Bank of India will increase interest rates.
Q4 FY26 earnings: Metal companies lead growth, backed by robust volumes and favourable pricing trends
ET Wealth presents an 8-quarter earnings assessment report of various sectors. The year-on-year net profit growth for 18 sectors is presented in the table. The significant variations in the earnings growth highlight the importance of sector diversification for managing risks and returns. By Sameer Bhardwaj.
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