ECONOMIC GROWTH THROUGH MAINTENANCE
Credit growth may ease after rate hike but remain strong: RBI
The Reserve Bank of India projects a moderation in bank credit growth from the current 19% level. This expected slowdown results from a recent repo rate increase implemented to manage rising inflation. Despite the decrease, it is anticipated that growth will remain strong enough to support overall economic activity. Lending to sectors like services and industry shows significant year-on-year growth, reflecting resilient demand.
Railways plans recast of freight wagon operations
Besides addressing commercial concerns, the national transporter also expects to improve the reliability of its network through predictive maintenance. "The aim is to find emerging defects before components fail," an official said, noting that sensor readings and inspection data help maintenance teams identify unusual heat, impact, loading or wear patterns.
India has a 1% GDP opportunity. It’s hiding in plain sight
India could unlock a 1% GDP opportunity by reducing productivity losses from equipment breakdowns, unplanned downtime and inefficient assets, industry leaders said at MRAM Expo 2026. With 88% of Indian industrial businesses reporting monthly unplanned outages, experts are pushing predictive, data-driven maintenance to improve output and extend asset life.
World Bank bumps up FY27 India growth outlook to 7.1%
The World Bank has increased the growth forecast for India's FY27 to 7.1% from earlier estimates. This revision is attributed to strong domestic demand and solid exports, despite global challenges. Growth is expected to moderate later in FY27 but rebound in the medium term. However, risks such as higher global oil prices and El Nino-related disruptions could impact performance.
S&P sees 12-14% credit growth in India despite rural stress risks
S&P has projected credit growth of 12-14% in India's financial sector, emphasizing concerns about rural credit growth. The potential impact of weak monsoons on agricultural earnings could further exacerbate credit challenges. Economic activity exhibits resilience, supported by strong capital positions of banks and lenders. Public investment remains steady while private investment focuses on specific sectors, showing improvement. Inflation is projected at 5.1% for FY27, amidst challenges from global factors.
US trade deficit widens in August amid strong imports
The US trade deficit increased by 13.7% in August, reaching $105.6 billion. This rise reflects strong domestic demand and increased imports. Imports rose by 4.3% to $420.8 billion, with goods imports jumping 5.3%. Exports also saw a small increase of 1.4% to $315.2 billion in the same period. Economists predict that trade could significantly impact economic growth in the third quarter.
World Bank flags oil, El Niño and global market risks to growth
The World Bank has revised its growth forecast for South Asia, projecting a robust 6.9% by 2026, driven by a surge in consumer demand. India, leading the region's economy, is expected to achieve a 7.1% growth. However, persistent high inflation and potential spikes in energy prices pose risks to this growth.
India may average 7.2% growth this fiscal despite H2 slowdown, potential seen at 8%, says economist
India's economic growth is expected to slow down below 7 percent in the upcoming quarters. Despite this moderation, the overall growth for the year may average around 7.2 percent. Economist Madan Sabnavis indicates potential for long-term growth reaching 8 percent in the coming years. Global uncertainties and local consumption impacts are significant factors influencing this outlook.
World Bank raises India FY27 growth forecast to 7.1%, flags oil, El Niño risks
The World Bank has upgraded India's economic growth forecast to 7.1% for fiscal 2026-27. This change reflects strong domestic consumption, despite ongoing inflationary pressures. Other major forecasters, including Moody's and S&P Global Ratings, have also revised their projections upward. However, elevated oil prices and potential climate-related challenges pose risks to this outlook. The World Bank emphasizes the need for accelerated AI adoption in the region for sustained economic growth.
India's services sector growth at 3-month high, but quarter weakest since 2022, PMI shows
India’s services sector expanded at its fastest pace in three months in September, with the HSBC Services PMI rising to 55.2 on stronger domestic demand. However, quarterly growth was the weakest since early 2022, reflecting softer hiring and exports. Manufacturing gains lifted the Composite PMI to 55.9, signalling a moderate recovery.
Ayush services sector supports 1.76 million livelihoods; women constitute 43% of the workforce
The Ayush services sector supports 1.76 million livelihoods in India and has a significant female workforce. Women's participation in organized segments, including hospitals, exceeds 50 percent in several areas. The sector has the potential to expand substantially, generating an estimated USD 216-318 billion by 2047. Ayurveda remains the largest individual system of revenue generation within the sector, contributing significantly.
Eurozone business growth hits over 3-1/2-year high despite inflation worries, PMI shows
Eurozone business activity experienced significant growth in September due to strong demand despite inflation concerns. The S&P Global Eurozone Services PMI and composite index reflected this growth, reaching high levels not seen in several months. Strong performance was observed in Spain and Ireland, along with an accelerated recovery in Germany. Inflation pressures increased, raising speculation on potential European Central Bank interest rate hikes.
Shaktikanta Das, PM's Principal Secretary-2, says India within striking distance of 8% growth
Shaktikanta Das highlighted India's impressive 7.8% GDP growth in the first quarter of the financial year. He emphasized the role of strong domestic demand and structural reforms in facilitating this growth. Das noted that enhanced governance and digital systems significantly contributed to economic stability and performance.
India’s growth is making the world rewrite its forecast: MoSPI Secretary Saurabh Garg
India's continued economic resilience, supported by strong corporate performance and sustained investment activity, is now being reflected in upward revisions to the country's growth estimates by various international agencies, Saurabh Garg, Secretary, Ministry of Statistics and Programme Implementation (MoSPI), said.
Nitin Gadkari announces over Rs 500 crore for highway strengthening & widening in Bengal: What will change for commuters travelling on NH-14 and NH-114
Nitin Gadkari has announced Rs 508.66 crore for strengthening and selective widening of NH-14 and NH-114 in West Bengal’s Birbhum district. The project will cover 91.90 km of NH-14 and 56.40 km of NH-114, with the upgrades aimed at improving road safety, reducing congestion and travel time, and strengthening connectivity for commuters and freight movement.
Inclusive growth at heart of India's development goal: Radhakrishnan
India's Vice President CP Radhakrishnan emphasized the necessity for inclusive growth in the country's development journey. He highlighted that both economic and social resilience are critical for future progress. The vice president noted India's impressive GDP growth and its improved sovereign rating as indicators of economic strength.
Housing society demanded Rs 1.42 lakh maintenance dues with 18% interest, Maharashtra Court protects resident from being labelled defaulter; Know why
There was a resident of a housing society who have not been paying maintenance since a long time alleging that he wants to pay but the housing society is not issuing him receipt. So he filed a court case and got interim protection from being labelled as defaulter.
India growth may slow to 5.5-6% in H2FY27 as capex moderates: Report
India's economic growth is projected to slow to 5.5-6% in the second half of 2026-27. This slowdown follows a robust growth of 7-7.5% in the first half of the financial year. Combined capital expenditure growth is expected to moderate significantly from 13.2% to around 4% in the latter months. Additionally, the central government's capital expenditure growth will weaken due to a declining fiscal position.
CEA warns of looming oil and rate pressures in India’s H2, sees Q2 growth at 7.3%
Chief Economic Adviser V Anantha Nageswaran noted that the second half of the fiscal year would be challenging. Rising oil prices and increased global growth risks create a tougher economic environment for India. The economy saw a 7.8% GDP growth in the first quarter, backed by strong indicators like GST collections and credit growth. Upcoming data suggested a GDP growth rate of around 7.3% for July and August.
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