IMF CRITICISM OF INDIA GDP
Nirmala Sitharaman flags global risks, says PM Modi Govt ensuring supply stability amid crude, Hormuz pressures
Union Finance Minister Nirmala Sitharaman said India faces risks from crude prices, Middle East tensions and Strait of Hormuz disruptions, but Prime Minister Modi's government is ensuring there is "not a supply disruption" for households and the economy. She made the remarks at the Viksit Bharat event in Karnataka on Sunday while laying out India's economic growth story.
Psychology says the more you criticize someone, the less likely they are to change
Psychologists often find that lasting change is more likely when people feel that the decision to change is their own. While criticism may draw attention to a problem, it seldom creates the emotional environment needed for meaningful growth. Research suggests that understanding, empathy, validation and a sense of psychological safety are often far more powerful catalysts for positive change.
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.
CEA Nageswaran cites East Asia, says protection must be tied to productivity and global competitiveness
Chief Economic Advisor V Anantha Nageswaran highlighted that East Asian economies like China, South Korea, and Vietnam succeeded by offering conditional government support to domestic industries. This support was contingent on demonstrable performance, productivity, and international competitiveness, with aid withdrawn if these metrics weren't met. Nageswaran emphasized this 'protection for performance' as a key lesson for India's industrial policy today.
CEA defends India's GDP data, says country does not use methodology changes to inflate growth numbers
Nageswaran responded to concerns raised by some economists over India's GDP estimates, stressing that GDP measurement is an estimate in every country and that India follows internationally accepted statistical practices.
Quarter after quarter, year after year, India is fastest growing economy: FM Sitharaman
Finance Minister Nirmala Sitharaman said India remains the world's fastest-growing major economy and accused Congress leader Rahul Gandhi of undermining the country's achievements by repeatedly predicting crises that have not materialised.
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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.
Scaling growth and risk: Why managed services are now mission-critical for India Inc
The question should no longer be about whether to adopt managed services but about how to use and leverage them to transform functions.
India has capacity to repay 94% of its foreign debt in a single day, says Devendra Fadnavis
Maharashtra CM Devendra Fadnavis dismissed economic slowdown fears, stating India can repay 94% of foreign debt in a day and has reserves for 11 months of imports. He highlighted India's robust GDP growth, remaining the world's fastest-growing economy despite recession predictions, and its emergence as the fourth-largest economy.
Gene Shalit dies at 100: Who is the iconic ‘Today’ show critic who brought wit, puns and personality to American television
Gene Shalit, the iconic film and book critic for NBC's Today show, has died at the age of 100. Known for his distinctive mustache and witty reviews, Shalit was a fixture on the morning program for nearly four decades until his retirement in 2010. His career spanned print journalism before he became a beloved television personality.
Pakistan budget raises defence spending, squeezes development to meet IMF goals
Finance Minister Muhammad Aurangzeb told parliament the government would allocate 3 trillion rupees for defence in the fiscal year starting July, up 18% from the outgoing year, while setting federal development spending at 1 trillion rupees.
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.
India's forex reserves drop $711 million to $681.610 billion, RBI data shows
India's foreign exchange reserves saw a dip of $711 million, settling at $681.610 billion by June 5. This decline was primarily driven by a significant drop in foreign currency assets, which fell by $2.704 billion. However, the value of gold reserves experienced an increase of $1.975 billion during the same period.
NLC India bags critical mineral block in Telangana
In a stock exchange filing, the company said NLC India has been "declared as preferred bidder for critical and strategic mineral block auctions conducted by the Ministry of Mines".
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.
ET Alpha Wealth Summit Masterclass | 'When you zoom out, things look very good;" Vikas Khemani on the India story every investor needs to hear now
India has built a strong foundation for growth over the past decade, according to Vikas Khemani of Carnelian Asset Management. He highlighted robust digital and physical infrastructure, alongside regulatory reforms. With a young demographic and a diversified economy, India is poised for significant wealth creation, particularly in manufacturing, financials, consumption, services, and infrastructure over the next decade.
India willing to let fiscal deficit widen to 4.8% of GDP: Report
India faces a larger budget deficit this year. The war in Iran is increasing energy subsidy costs. This puts pressure on government finances. Authorities may allow the deficit to widen by half a percentage point. The deficit could reach 4.8% of GDP. This is up from the 4.3% target set in February. The situation is being closely watched.
FM Sitharaman flags global crisis spillovers, unfair burden on developing nations
Finance Minister Nirmala Sitharaman stated that the Global South should not bear the brunt of global imbalances and conflicts. Representing India at a summit, she emphasized the need for coordinated global action and stronger multilateral cooperation to build resilient economies and ensure inclusive growth for all.
South Asia can generate millions of jobs through agriculture sector: World Bank Group
With agriculture sector employing around 43 per cent of the South Asian workforce, the region has strong potential to emerge as a global leader in food systems, said World Bank Group, as per a statement by the Ministry of Food Processing Industries.
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.
Importers fret over China's new critical mineral framework
New Chinese regulations on mineral resources are causing worry for Indian businesses. Beijing is linking vital mineral supplies to its national security goals. This policy, effective June 15, formalizes China's strong control over critical mineral processing. Experts believe this could lead to supply disruptions and price hikes for Indian importers.
12 years of PM Modi: India should not only be resilient but also be antifragile
India faces significant global uncertainty and external challenges. Despite strong economic growth and improved financial stability, domestic investment remains a concern. The nation's resilience is being tested by fluctuating oil prices and global protectionism. Prime Minister Modi's leadership and the collective will of India are crucial as the country navigates these complex times.
IMF financial stability chief Tobias Adrian to step down August 31
Tobias Adrian, who led the International Monetary Fund's Monetary and Capital Markets Department through major global challenges, will depart on August 31. Adrian guided the department through events like the COVID-19 pandemic, inflation surges, trade disputes, and conflicts in Ukraine and Iran.
'Making in Russia for India' eyes fertilisers, critical mineral mining JVs
India's envoy to Moscow, Vinay Kumar, has proposed a 'Making in Russia for India' model. This initiative aims to boost industrial ties across sectors like fertilisers and critical minerals. Joint ventures in Russia will create a captive export market for India. The countries are also working towards a $100 billion trade target.
India's new GDP yardstick: What changed, what did not, and what every investor should now read differently
India changed the base year used to measure its economy from 2011-12 to 2022-23. The first full-year provisional numbers under the new yardstick landed on June 5. Real GDP growth for FY26 came in at 7.7%, while nominal GDP stood at Rs. 346.36 lakh crore. The economy did not suddenly change. The denominator did. That matters because every macro ratio investors look at (debt-to-GDP, market-cap-to-GDP, tax-to-GDP) now sits on a recalibrated base. This is the framework investors need before the next round of macro headlines arrives.
Sleep on this
In an ironic twist, a recent trade pact transforms ambitions into dilemmas, leaving society fatigued. Economic indicators show growth, ironically fueled by increased napping. The IMF raises alarms about insufficient pillow stocks. A modern-day philosopher views inflation as the decay of dreams.
India’s GDP expands 7.7% in FY26; Q4 growth at 7.8%
India GDP Data Key Insights Q4 FY26: India's economic growth saw a slight dip to 7.8 percent in the fourth quarter of fiscal year 2026. The Reserve Bank of India has now lowered its growth projection for fiscal year 2027 to 6.6 percent. This adjustment comes amid increasing global uncertainties. The central bank anticipates varied growth rates across the four quarters of fiscal year 2027.
India to surpass China in share of global GDP by 2060: Report
India is set to overtake China in global economic power by 2060. A new report indicates China's GDP share will decline in the latter half of this century. India's population growth and economic expansion are key factors. This shift signals a multipolar world order for the 21st century. The global economic landscape is undergoing significant transformation.
RBI GDP growth 2026-27: Forecast cut to 6.6% as oil, war and subpar monsoon risks mount
RBI GDP Growth 2026-27: The Reserve Bank of India has reduced its economic growth forecast for FY27 to 6.6 percent. This adjustment comes amid concerns over global conflicts, energy prices, and weather. The central bank has maintained the key interest rate at 5.25 percent. India's economy shows resilience, but future growth faces challenges from oil prices and monsoon forecasts.
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