INDIA ECONOMY NUMBERS
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.
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.
Bharat innovates, ready for take-off
India's deep-tech startups are showcasing their advanced capabilities in France. This event highlights India's growing strength in space, AI, and defence. Indian companies are developing rockets and satellites for global markets. France serves as a key gateway to Europe. This initiative aims to foster international partnerships for co-development and investment.
India eyes global bio-energy leadership with unified push on capital, missions and SAF exports
India is poised to become a major bio-energy exporter and bolster its energy security. Industry leaders at the India Bio-Energy Conference 2026 are calling for a single agency to streamline bio-fuel and Sustainable Aviation Fuel projects. The nation aims to meet domestic needs and export SAF, potentially generating billions. This push aligns with India's focus on self-reliance and net-zero goals.
Trust is no longer free: Indian consumers are willing to pay extra, says survey
India's home services market is changing. Consumers are now paying more for verified service providers. This shift is driven by a desire for trust and certainty. Women are leading this trend, seeking reliability over lower costs. This signals a move towards formal platforms offering predictable service experiences. The market is evolving beyond just the repair itself.
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India's exporters built a $420 billion services economy. This is the award they deserve.
The Payoneer India Cross-Border Excellence Awards 2026 offer Indian exporters the most consequential opportunity to get recognised this year. Here’s why it matters, and why you should not let it pass.
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 | India scores 6-7/10 on growth durability, but the real problem runs deeper, says Nomura's Aurodeep Nandi
India's strong GDP growth hides underlying fragilities. Economist Aurodeep Nandi warns that without boosting domestic demand and investing heavily in research and development, India risks falling into the middle-income trap. Current growth relies on top-tier consumption and services exports. Manufacturing and private investment lag. This structural shift is crucial for lasting prosperity.
Eight public sector banks add 13,223 employees in FY26; SBI leads hiring spree
Eight public sector banks, including SBI, collectively added 13,223 employees in FY26, boosting their total workforce to over 6.28 lakh. State Bank of India led the hiring surge, accounting for nearly 67% of the new positions. This expansion occurs despite digitalization, indicating a continued reliance on human resources for growth and customer service.
Paris accord threshold could be breached in 4 years as warming accelerates: Analysis
Earth's climate is warming rapidly due to human actions. Global temperatures reached 1.37 degrees Celsius last year. Scientists warn the 1.5-degree Paris Agreement limit could be breached in about four years. Record greenhouse gas levels are driving this warming. Urgent decarbonisation efforts are needed this decade to slow the accelerating heat accumulation.
NFO Alert: ICICI Prudential Mutual Fund launches Nifty Smallcap 250 ETF
ICICI Prudential Mutual Fund has launched the Nifty Smallcap 250 ETF, offering exposure to 250 emerging companies. The NFO is open till June 16. The passive fund aims to track the index with minimal cost, targeting investors seeking diversified, long-term participation in India’s growing smallcap segment.
For Viksit Bharat, next decade must be one of excellence, not just achievement: PM Modi
Prime Minister Narendra Modi addressed the NDA Conclave, celebrating his tenure as India's longest-serving elected Prime Minister. He detailed the NDA government's work over 12 years and outlined ambitious plans for the future. Modi emphasised collective effort and India's economic progress, contrasting it with past governance. NDA leaders passed a resolution of gratitude for his leadership.
US-Iran war: Oil seen averaging at $105 per barrel in June, July as brent remains below $100 a barrel
Iran war impact: Oil prices are projected to average $105 per barrel in June and July. This forecast assumes continued Strait of Hormuz disruptions and falling global oil stocks. Despite recent strikes between the US and Iran, prices remain below $100. Markets anticipate a truce and negotiations. Global demand destruction also limits price increases.
Mobile data cost dips 97% to Rs 8 per GB, broadband users up 17x in 12 years of Modi govt
Internet data costs have fallen dramatically by 97 percent since 2014, making it more affordable. This has led to a significant increase in internet users, especially in rural areas. The digital economy is booming, with mobile phone manufacturing and exports also seeing massive growth. India is becoming a leader in digital transformation and technology.
Income tax burden reduction over 12 years reflects 'Ramrajya', government says
A government booklet marks Narendra Modi's tenure as India's longest-serving Prime Minister. It highlights tax reductions and reforms like GST and Digital India. These initiatives have built public trust and supported India's journey towards becoming a USD 5-trillion economy. Increased taxpayer confidence fuels investment in national development.
Commerce ministry raises anti-dumping duty rejection issue at 'highest level'
The Commerce Ministry is escalating concerns about the Finance Ministry's increasing rejection of anti-dumping duty recommendations. This trend impacts domestic industries, reducing capacity and investment. The Directorate General of Trade Remedies' proposals are vital for fair trade. Non-implementation leads to significant economic losses and reduced foreign exchange earnings.
Congress alleges Modi govt's 12 years marked by unemployment, economic woes, inflation
Congress released a document alleging 12 years of the Modi government saw rising unemployment, economic woes, and inflation, with fuel charges and sector crises. They criticized the reduction in Ujjwala LPG cylinders and highlighted the economy falling below $4 trillion, with foreign investors withdrawing.
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.
GDP growth momentum intact, no need for additional borrowing so far: Govt sources
India's economy is navigating external challenges like rising import costs. However, domestic consumption remains strong, ensuring growth momentum. Government sources indicate no immediate need for extra borrowing. Disinvestment and asset monetisation are being pursued to boost non-tax revenue. Macroeconomic data will be reassessed in July. Reforms to boost foreign investment are planned.
Modi 3.0 anniversary: Congress jabs govt with 'promise versus reality' document
The Congress party has released a document critiquing the Modi government's performance over the past 12 years. The party claims that grand announcements have not translated into tangible improvements for citizens. Key areas of concern include the economy, job creation, and social welfare programs. The Congress highlights perceived failures in fulfilling promises made to the public.
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.
Indian diaspora groups welcome court ruling striking down $100,000 H-1B visa fee
Indian diaspora groups in the US have lauded a federal court's decision to strike down the $100,000 H-1B visa fee, deeming it a fair move for the employment-based immigration system. This ruling, which found the fee unlawful without congressional approval, is expected to bring relief to stakeholders, though concerns about potential procedural hurdles remain.
What's brewing? FinMin seeks gold lending info from banks
In a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GMLs), number of customers, international gold suppliers as well as portfolio size, quantum of collateral and numbers of borrowers, two persons told ET.
Comparing India with Taiwan, South Korea on semiconductors not very accurate: Union minister Vaishnaw
India is rapidly advancing in semiconductor manufacturing and AI adoption. Union Minister Ashwini Vaishnaw highlighted significant progress in the country's semiconductor mission, with commercial production already underway. The upcoming Semicon 2.0 program will prioritize chip design. India's electronics sector has seen substantial growth, creating numerous jobs and boosting exports. Global interest in India's tech ecosystem is on the rise.
Reassure homes, not just economy: Why India’s growth feels weaker at household level
The ripples of global disruptions are felt in the everyday lives of Indian families, shaping individual narratives beyond simple data points. Young professionals are increasingly burdened by financial volatility, as soaring education and healthcare costs create a climate of anxiety. Meanwhile, small business owners are treading carefully amid these pressures.
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.
India defies West Asia war concerns as Q4 GDP growth hits 7.8%; risks remain ahead
India's economy surged by a better-than-expected 7.8% in the March quarter, exceeding forecasts and pushing FY26 growth to 7.7%. This robust performance was driven by strong private investment and consumption, defying concerns over the West Asia war. The government remains committed to its reform agenda to maintain economic momentum.
FY26 growth higher than anticipated, shows India's resilience: MoSPI Secretary
India's GDP growth of 7.7 per cent in FY2025-26 came in higher than anticipated in the Second Advance Estimates (SAE), reflecting the resilience and robustness of the Indian economy despite global headwinds, Secretary, Ministry of Statistics and Programme Implementation (MoSPI), Saurabh Garg said.
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