INDIA GROWTH
Unlocking India's aviation potential: A path to economic growth and job creation
India's aviation sector is poised for significant growth, fueled by a young population, a thriving startup ecosystem, and substantial aircraft orders. The privatization of Air India and the emergence of strong local airlines have set a new direction.
India's FY26 GDP growth to slide to 6.2 pc: Nomura
Nomura projects India's real GDP growth to slightly decrease to 6.2% in FY26, down from 6.5% in FY25, noting a divergence in growth indicators. Despite this, they revised their Nifty target upwards, citing positive domestic macroeconomic factors and consistent domestic flows supporting market valuation. Bofa Securities, however, expressed caution regarding near-term equity market valuations.
Petrol sales climb 9 pc in May, diesel demand tepid
India's petrol consumption surged by 8.77% in May, driven by increased summer travel, while diesel sales saw a modest 2% rise. Jet fuel consumption also increased by 4.3%, and LPG continued its strong growth with a 13.4% increase, boosted by Ujjwala connections. Overall fuel consumption has seen a compound annual growth rate of 37% since 2019.
Not just 'Make in India' - PM Modi wants global aviators to 'Design in India' too
Prime Minister Modi urged global aviation firms to invest in aircraft design and manufacturing in India, citing the nation's liberal investment policies and burgeoning aviation sector. He emphasized the potential of the Maintenance, Repair, and Overhaul (MRO) industry, supported by 100% FDI and reduced GST. Modi aims to position India as a global aviation hub for design, construction, and maintenance.
Rural consumption to drive India's GDP growth this fiscal year, economists say
India's economic growth exceeded expectations, driven by a resilient rural economy. Increased farm incomes from favorable monsoons and easing inflation are expected to further boost rural demand, evidenced by rising tractor and two-wheeler sales. While global uncertainties pose risks, strong domestic consumption, particularly in rural areas, is anticipated to support continued economic expansion.
Deutsche Bank elevates Stefan Schaffer as CEO of its India GCC
Deutsche Bank has appointed Stefan Schaffer as the new CEO of Deutsche India, its capability centre, succeeding Dilipkumar Khandelwal. Schaffer will also serve as the CIO for corporate functions and head of global technology centres. His appointment highlights Deutsche Bank's focus on innovation and commitment to India, a growing hub for GCCs.
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Indian manufacturing growth eases to 3-month low in May, PMI shows
India’s manufacturing growth slowed to a three-month low in May due to softer demand, price pressures, and geopolitical tensions, according to HSBC’s PMI survey. Despite this, job creation hit a record high, with permanent hiring rising fastest ever. Input costs surged to a six-month peak, pushing output prices up significantly, potentially complicating the Reserve Bank of India’s upcoming rate cuts.
India's health insurance sector faces growth and profitability challenges: Report
India's health insurance industry, once a growth leader, now faces structural challenges affecting both expansion and profitability. Overestimation of the addressable market, government schemes, and rising competition are key factors. Investors are advised to lower growth expectations and focus on resilient areas like TPAs and diversified insurers due to rising claim costs and hospital charges.
Double cheer continues for India Inc in Q4 profit growth
Corporate India's net profit surged in the March quarter, driven by reduced non-operating costs, while revenue growth remained moderate. Excluding banking and finance, profit growth improved significantly, with metals and pharmaceuticals outperforming. Analysts expect stronger earnings in FY26, fueled by tax incentives and lower interest rates, despite global uncertainties.
May GST mopup up by 16.4%; shows FY26 off to a flying start
India's GST collections soared 16.4% to ₹2.01 lakh crore in May, signaling strong economic momentum at the start of FY26. This robust growth, supported by increased UPI transactions and auto sales, provides significant fiscal headroom for the government. Experts suggest that continued strong GST performance could pave the way for rate rationalization.
India's ultra-rich population to rise 50% by 2028, fastest globally: Report
India will witness the world's fastest growth in the number of ultra-high-net-worth individuals (UHNWIs), with their population expected to surge by 50 per cent between 2023 and 2028, according to a report by McKinsey & Company and BoF.
‘Luxury’ in India or basic necessity abroad? Man's bold claim takes Internet by storm
India's economic growth sparks debate on luxury and affordability. A viral video highlights accessible conveniences in India. Counterarguments point to lack of basic necessities for many. Systemic issues like poor infrastructure persist. India surpasses Japan as the fourth-largest economy. Income disparities remain significant. The situation calls for introspection on equitable progress. The nation needs to address the challenges.
Q4 GDP springs surprise as tax spike fuels India’s best quarter in FY25: SBI
India's economy experienced a surprising 7.4% growth in Q4 FY25, primarily fueled by a significant surge in net indirect tax collections. The State Bank of India projects continued strong performance, estimating GDP growth between 6.3% and 6.5% for FY26. This growth is underpinned by robust macroeconomic fundamentals, a healthy financial sector, and sustained focus on long-term development goals.
At 7.4%, India’s growth steps on race pedal in Q4
India's economy surpassed expectations with a 7.4% growth in the March quarter, boosting FY25 growth to 6.5%. Investment recovery and strong construction drove this expansion, despite concerns about tepid urban demand and global uncertainties. While marking a four-year low, India remains the fastest-growing economy, poised to become the fourth largest, with economists projecting continued growth around 6.5%.
What drives the unstoppable growth of India's wedding economy?
India's wedding industry, fueled by a vast pool of unmarried individuals and evolving matchmaking methods from traditional ads to dating apps, has become a recession-resistant economic force. Spending surges across income levels, driven by conspicuous consumption and the desire to emulate lavish celebrations.
Make the bright spot brighter: India is Asia’s top investment bet, but jobs & reforms remain key hurdles
Amidst global economic uncertainty, India stands out as Asia's prime growth opportunity, fueled by recovering domestic demand, supportive policies, and rising services exports. While trade tensions linger, India's focus on global value chains and manufacturing, coupled with infrastructure investment, positions it for strong growth. However, comprehensive reforms are crucial to address job creation and maintain stability.
With 6.5 pc GDP growth in FY25, India retained position as world's fastest growing economy: Assocham
Assocham reported India's real GDP expanded by 6.5% in FY25, retaining its position as the world's fastest-growing major economy. The growth accelerated in the second half, reaching 7.4% in the March quarter, driven by robust domestic demand, infrastructure investment, and favorable global supply chain shifts. This performance elevates India's economy and promises to surpass Japan by FY26.
Cannot have regulations that stifle businesses, need to remove such hurdles with 'magic wand' every year: Fin Minister Sitharaman
Nirmala Sitharaman says India needs to remove regulatory hurdles for businesses annually. She addressed the IIM Lucknow National Leadership Awards 2025 in New Delhi. Sitharaman notes India is the fastest-growing economy for the fourth year. Manufacturing activity is good this quarter. A high-level committee will review non-financial sector regulations. Small, medium, and large industries contribute to this growth.
India evolving into 'geopolitical giant' in emerging multipolar world, says New Zealand's FM
New Zealand's Foreign Minister, Winston Peters, lauded India as a rising "geopolitical giant" and a crucial security player on the global stage. He emphasized the importance of closer collaboration between New Zealand and India, particularly in defense and security, amid growing Indo-Pacific tensions.
Mandaviya outlines five-pronged strategy to help India become a Viksit Bharat in 2047
Speaking at the Confederation of Indian Industry’s (CII) Annual Business Summit 2025 on Friday, Mandaviya said a citizen-centric growth model, an enabling environment for inclusive and sustainable development, leveraging India’s demographic dividend, skilling India’s youth and nurturing a culture of innovation, responsibility, and national pride will help India become a developed nation by 2047.
India sustains growth momentum as fastest growing economy again: Finance Minister Sitharaman on FY25 GDP numbers
Despite a stronger-than-expected 7.4% growth in Q4, India's economic expansion slowed to a four-year low of 6.5% in FY25, a significant drop from the previous year's 9.2%. Finance Minister Nirmala Sitharaman highlighted that India has maintained its position as the fastest-growing economy for the fourth consecutive year, with robust manufacturing activity in the fourth quarter.
India’s FY25 economic growth hits four-year low of 6.5%, Q4 GDP hits one-year high
India's economic growth slowed to a four-year low of 6.5% in FY25, despite a stronger-than-expected Q4 performance of 7.4%. Key officials remain optimistic about India's growth potential, expecting it to remain the fastest-growing major economy. Factors like robust industrial activity, rural demand, and government spending helped navigate global trade disruptions, with the IMF projecting India's economy to surpass Japan's.
India’s growth remains intact despite global gloom: CEA backs resilient demand, rising consumption
Despite a slowdown in full-year economic growth to 6.5%, India's CEA remains optimistic, citing robust Q4 growth of 7.4% driven by strong industrial output and resilient consumption. The nation's steady capital goods imports, infrastructure output, and FDI inflows support a healthy investment climate. India is well-positioned to navigate global turbulence with strong domestic demand.
Rupee flips back to monthly decline, lags Asian peers
The Indian Rupee experienced a decline of approximately 1% during May. This reverses gains from the previous months. Factors influencing this include uncertainty in U.S. trade policies and regional conflicts. The Reserve Bank of India's intervention also played a role. Asian currencies were mostly stronger. Investors are now awaiting India's economic growth data and U.S. inflation figures.
India to remain fastest-growing large economy in world for next 30 years: Piyush Goyal
Union Minister Piyush Goyal asserted India's position as the fastest-growing large economy for the next three decades, projecting an 8% growth rate. He highlighted robust foreign exchange reserves, controlled inflation, and attractive investment returns. India is actively pursuing trade agreements and aims to become the world's third-largest GDP by 2027, driven by renewable energy advancements and inclusive growth initiatives.
India GDP growth likely accelerated in March quarter on rural demand, state spending
India's economic growth likely accelerated in the January-March quarter, driven by increased rural demand and government spending, despite private firms delaying investments due to global uncertainties. GDP is expected to have grown by 6.7% year-on-year. The Reserve Bank of India projects a 6.5% GDP growth for the fiscal year, positioning India as the fastest-growing major economy.
Increased capex, focus on rare earth minerals may shape India's 'Viksit Bharat' journey: EY report
India's growth, while robust, faces global headwinds, necessitating supportive fiscal and monetary policies to sustain momentum and achieve long-term aspirations.
India's GDP likely grew by 7% in Q4FY25; current fiscal year GDP to settle at 6.3%: Report
ICICI Bank projects India's economy to grow by 7 percent in Q4FY25. This growth is due to increased government spending and rising rural demand. Overall GDP growth for FY25 is expected to be 6.3 percent. Rural areas are likely to perform well, supported by a good monsoon. Government spending will further boost growth.
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