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India to remain fastest-growing major economy, but demand uneven

Reuters · 1y ago

India to remain fastest-growing major economy, but demand uneven

India's economic growth is expected to have moderated but remained strong in the September quarter, driven by robust service activity and solid urban demand. Despite a global slowdown affecting export growth, the country's GDP is forecasted to have slowed to 6.8% in Q3, from 7.8% in the previous quarter. Domestic demand, particularly from urban dwellers, has been the key driver of economic activity, compensating for weak external demand. India's GDP growth is projected to exceed 6% in the coming years, outpacing most major economies.

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India to be world's third-largest economy by 2030 -S&P Global Ratings

Reuters · 1y ago

India to be world's third-largest economy by 2030 -S&P Global Ratings

India is expected to be the world's third-largest economy by 2030, according to a report by S&P Global Ratings. It is projected to remain the fastest-growing major economy for the next three years, with a growth rate of 6.4% this fiscal year and an estimated 7% growth by 2027. The report emphasizes the need for India to transition to a manufacturing-dominated economy, develop a strong logistics framework, and increase worker upskilling and female workforce participation for sustained growth.

India is the fastest-growing economy and will soon be third largest: Piyush Goyal counters Donald Trump's 'dead economy' jibe

Economic Times

Economic Times · 8d ago

India is the fastest-growing economy and will soon be third largest: Piyush Goyal counters Donald Trump's 'dead economy' jibe

During the Indian Parliament's Monsoon Session, Union Minister Piyush Goyal countered Donald Trump's comments about India being a "dead economy," asserting that India is the fastest-growing major economy and will soon become the third largest by GDP. India has progressed from the 11th to the 5th largest economy due to reforms and contributions from various sectors. Goyal highlighted India's transformation from the "Fragile Five" to a leading global economy.

Despite headwinds, India will remain resilient, says Deloitte report

Business Today

Business Today · 3m ago

Despite headwinds, India will remain resilient, says Deloitte report

Despite global uncertainties and protectionist policies, Deloitte's report highlights India's resilience and attractiveness as an investment destination. As the fastest-growing major economy, India's robust domestic demand is poised to drive it to become the world's third-largest economy by 2027. Significant infrastructure investments and a growing middle class are set to boost consumer spending substantially by 2030. India's focus on technology and innovation further enhances its potential, positioning it for continued growth despite short-term global challenges.

India to overtake Japan as the 2nd largest economy in Asia by 2030: S&P Global

IndianStartupNews

IndianStartupNews · 1y ago

India to overtake Japan as the 2nd largest economy in Asia by 2030: S&P Global

India is on track to become the world's third-largest economy by 2030, with a projected GDP of $7.3 trillion, surpassing Japan, according to S&P Global Market Intelligence. The Indian economy is expected to grow by 6.2-6.3% in the fiscal year ending March 2024, making it the fastest-growing major economy. India's robust domestic demand and a burgeoning middle class are significant drivers of this growth, attracting multinational corporations across various sectors. Digital transformation and increased internet access are also set to reshape the consumer market landscape. India's growth is poised to make it a pivotal market for multinationals.

India to remain fastest-growing economy with 6.5% GDP in FY26, but reforms key for future momentum: IMF

Business Today

Business Today · 5m ago

India to remain fastest-growing economy with 6.5% GDP in FY26, but reforms key for future momentum: IMF

India is projected to remain the fastest-growing economy with a 6.5% GDP growth in FY26, according to the IMF. However, sustained momentum requires comprehensive reforms, including labor market improvements, better human capital, and increased female workforce participation. The IMF also suggests stable policies, improved business ease, and deeper trade integration via tariff and non-tariff reductions. Additionally, India targets achieving advanced economy status by 2047, with previous GDP growths of 6.2% and 5.6% in recent quarters.

Finmin pitches rating upgrade to S&P citing robust growth

Economic Times

Economic Times · 1m ago

Finmin pitches rating upgrade to S&P citing robust growth

The Indian finance ministry is advocating for a sovereign rating upgrade from S&P, highlighting India's strong growth potential and resilient macroeconomic indicators amid global uncertainties. India’s robust growth projections, decreasing inflation, and improving debt-to-GDP ratio led the discussions. Currently, S&P maintains India at a 'BBB-' rating but with a positive outlook, while IMF forecasts continue to place India as the fastest-growing major economy. The country’s foreign reserves and steady services exports further bolster its economic standing.

India poised to remain fastest growing major economy in FY26: RBI

YourStory

YourStory · 2m ago

India poised to remain fastest growing major economy in FY26: RBI

The Reserve Bank of India (RBI) reports that India is set to maintain its status as the fastest-growing major economy in FY26, driven by strong macroeconomic fundamentals and a robust financial sector. While the economy faces global market volatility, geopolitical tensions, and trade challenges, India's inflation outlook is positive due to factors like easing supply-chain pressures and strong agricultural production. The RBI foresees a manageable current account deficit, bolstered by services exports and remittances.

Indian billionaires Ambani, Adani set to attend G20 summit dinner

Reuters · 1y ago

Indian billionaires Ambani, Adani set to attend G20 summit dinner

India's richest businessmen, led by rivals Mukesh Ambani and Gautam Adani, will join G20 leaders at a dinner in the capital on Saturday, as the South Asian nation showcases its position as the world's fastest growing major economy.

India fastest growing major economy, likely to become third largest soon: President Murmu

Money Control

Money Control · 9m ago

India fastest growing major economy, likely to become third largest soon: President Murmu

India's President Droupadi Murmu claims that India is the fastest growing major economy and is likely to become the third largest economy soon. The Indian economy has shown resilience in the face of geopolitical challenges and is projected to grow tenfold by 2047. India's rapid economic growth of 8.2% in 2023-24 reaffirms this resilience. To sustain high growth levels, India needs to attract private investment and create an enabling environment for trade and innovation. The government's investor-friendly policies, such as 100% FDI, aim to support economic growth.

World Bank says India will continue to be fastest growing economy: Modi

YourStory

YourStory · 5m ago

World Bank says India will continue to be fastest growing economy: Modi

Prime Minister Narendra Modi announced that the World Bank projects India to remain the fastest-growing economy in coming years. Speaking at the 'Invest Madhya Pradesh - Global Investors Summit-2025', he highlighted the state's business potential. A Deregulation Commission aims to create an investment-friendly ecosystem. Modi noted India’s emerging role in global supply chains and emphasized job growth in sectors like textiles, tourism, and technology. He also outlined new investment policies in Madhya Pradesh.

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