INDIAN GDP GROWTH
President Droupadi Murmu highlights engineering sector's role in India's economic growth at EEPC India's platinum jubilee
President Murmu graced EEPC India's Platinum Jubilee, emphasizing the engineering sector's vital role in India's economic growth towards Viksit Bharat by 2047. Engineering exports have surged from $70 billion to over $116 billion in the last decade. The event also highlighted the importance of MSMEs and innovation, with calls to make India a global innovation hub.
GST cut a near-term cushion, but tariff uncertainties and global risks keep India’s growth outlook delicately poised: Suvodeep Rakshit
GST rate cuts could cushion India’s economy against 50% US tariffs, supporting GDP by 0.3–0.5%. Consumption, income tax relief, and festive demand bolster growth, while inflation may ease to 4–4.5%. RBI could cut rates if growth slips below 6.5%, with trade talks and policy measures shaping near-term outcomes.
Nominal GDP growth may miss FY26 target on soft inflation: CEA V Anantha Nageswaran
Chief Economic Advisor V Anantha Nageswaran anticipates a potential shortfall in nominal GDP growth compared to the budgeted 10.1% due to benign inflation. However, he remains optimistic about achieving the real GDP growth target of 6.3-6.8% despite US tariffs. GST reforms, expected good harvest, and direct tax relief should boost consumption.
India plans to put large infra projects in fast lane
India is accelerating its infrastructure development with a focus on mega-projects like bullet trains, shipbuilding yards, and access-controlled highways, aligning with the Viksit Bharat 2047 vision. The government aims to boost economic growth through infrastructure creation, encouraging public-private partnerships to moderate spending. Ministries are directed to expedite project approvals, with a high-level committee reevaluating goals for faster clearances.
50% US tariffs are harsh and unsustainable, change certain: Anand Shah, ICICI Prudential AMC
ICICI Prudential’s Anand Shah expects tariff resolution through dialogue. He advises tilting portfolios to 50% equity allocation given current valuations, and favours consumer services and manufacturing over IT and FMCG as bottom-up stock selection becomes key to generating alpha. By Sameer Bhardwaj.
One clear benefit, four open questions: GST reform delivers a win for consumers but at what cost?
Recent GST reforms in India, eliminating the 28% and 12% slabs, aim for a simpler tax structure and fairness, potentially boosting the economy modestly. While the move may simplify some aspects, complexities persist, and concerns arise about long-term fiscal stability due to significant revenue losses.
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GST reforms got nothing to do with any external factors: Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw says the GST reforms began about a year and a half ago. These reforms are unrelated to external factors. The goal is to reform, perform, and transform the economy. The new GST rates will take effect on September 22, during Navratri. These changes aim to reduce the tax burden and boost economic growth.
Will FPIs campaign to unnerve DIIs or vice versa? Amid foreign exodus, Nilesh Shah says stay focused on these 2 things
Kotak AMC’s Nilesh Shah urges investors to focus on growth and governance as FPIs cut holdings to a 13-year low. Despite foreign outflows, domestic resilience, strong GDP growth, and GST reforms support Indian markets, highlighting long-term opportunities amid short-term volatility.
Priya Nair different from HUL’s previous chiefs: Unilever global CEO Fernando Fernandez on leadership rejig
Unilever appoints Priya Nair as Hindustan Unilever's Managing Director and CEO. This leadership change aims to boost revenue growth in India. Fernando Fernandez highlights Nair's global experience as crucial for HUL's future. The company sees India as a key market alongside the US. This decision follows concerns about recent sales performance. Nair replaces Rohit Jawa after his short tenure.
GST 2.0: Fall in input prices likely to soften realty costs
India's property sector is poised for a boost as the government reduces the GST on cement from 28% to 18%, potentially lowering project costs for developers and homebuyers. Additional tax cuts on marble, granite, and other construction materials are expected to further ease cost pressures. This rationalization is anticipated to stimulate consumption and propel India's GDP growth.
Trump’s tariff pains, Modi’s GST relief: Govt gives a reform armour to every Indian
India rolls out GST 2.0 reforms to boost domestic consumption and shield the economy from the impact of US tariffs. The revamped GST structure simplifies tax slabs and lowers rates on essential goods and services, putting more money in the hands of households and businesses. Experts say the reforms could give a meaningful lift to GDP, while rising consumer confidence across urban and rural India signals stronger spending ahead.
GST cut, reforms to help even out tariff impact: CII
Confederation of Indian Industry president Rajiv Memani believes that GST reductions, reforms, and lower interest rates can counterbalance the impact of the 50% US tariffs on India. He highlights the government's positive response and the opportunity for further reforms to enhance competitiveness.
PM Modi calls out 'economic selfishness' of other nations; lauds India's GDP growth
Prime Minister Narendra Modi on Tuesday hailed India’s 7.8% GDP growth in Q1 FY26, saying the country has remained resilient amid global uncertainties and “economic selfishness.” He described the growth as broad-based and visible across all sectors, saying it strengthens India’s path to becoming the world’s third-largest economy.
India steady amid levy, GST kitty up 6.5% in August
India's economy showed resilience in August, with strong domestic GST collections and UPI transactions offsetting concerns about higher US tariffs and declining car sales. Manufacturing activity surged, and power consumption rose, indicating robust domestic demand. While overall GST collection saw modest growth, economists remain cautious about external headwinds and tariff-related uncertainties impacting future growth.
Domestic demand surge lifts India's GDP growth: Experts
India's real GDP surged to a five-quarter high of 7.8% in April-June 2025-26, driven by strong domestic demand and increased government spending. Private consumption, fueled by healthy rural demand and rising wages, boosted both manufacturing and services sectors. Despite global challenges, India's robust growth trajectory positions it as an inspiring icon of resilience and transformative opportunities.
Crisil maintains India's FY26 GDP forecast at 6.5%, private consumption to steer growth
Crisil projects India's GDP to grow at 6.5% for fiscal year 2025-26. US tariffs and slowing global growth may impact exports. Private consumption is expected to drive growth, supported by a good monsoon and RBI rate cuts. GST reforms are anticipated after Diwali. The GST Council will meet in September to discuss these changes. Government maintains GDP forecast at 6.3-6.8%.
Nifty extends its losing streak into August. Will GST talks, upbeat GDP, and Modi’s China visit break the slide?
Indian equities closed August with a second consecutive month of losses as Nifty fell 1.38%, pressured by U.S. tariff shocks, foreign fund outflows, and profit-taking. Despite this, strong GDP growth and upcoming GST reform talks provide potential buffers. Geopolitical developments, including Modi’s China visit, and domestic growth triggers will test whether markets can recover in September.
Is India's Q1 GDP growth overestimated? The surprise behind the better-than-expected 7.8% number
HSBC India warns that India’s June quarter GDP growth of 7.8% may be overstated due to low deflators, especially in services and manufacturing. Inflation adjustments risk inflating real growth. External pressures like US tariffs and GST revenue impacts pose further challenges. Economists emphasize cautious optimism and stress the need to monitor growth sustainability amid evolving fiscal and global dynamics.
Govt working on solutions to mitigate impact of US tariff hike: DEA Secy Anuradha Thakur
The government is formulating an action plan to address the US tariff hike's impact on employment-heavy sectors. Steps are underway to boost domestic demand through tax reforms, GST rationalization, and leveraging a strong monsoon. Despite temporary fiscal mismatches, the government remains confident in achieving its 4.4% fiscal deficit target, supported by robust economic fundamentals and strong GDP growth.
Strengthen supply chains, R&D as robust GDP growth to fuel opportunities, says ITC's CMD Puri
Sanjiv Puri, Chairman of ITC, emphasizes India's need to strengthen supply chains. He highlights the importance of R&D investment for creating strong Indian brands. Puri lauds India's 7.8 percent GDP growth in the June quarter. He sees India as a resilient economy with transformative opportunities. Puri believes India can become a global manufacturing hub and food basket.
Indian economy to sustain high growth momentum in coming quarters: CEA Nageswaran
CEA V Anantha Nageswaran anticipates continued high growth momentum from India's economy, building on the 7.8% growth in the first fiscal quarter. He acknowledges potential downward pressure from recent US tariffs imposed in August, but expects these to be short-lived due to ongoing negotiations. Anticipation of GST tax relief and a strong monsoon season are expected to offset tariff impacts.
India Inc in 'cosy, comfort zone' courtesy large local mkt, not venturing out globally: Goyal
Union Commerce Minister Piyush Goyal urged Indian businesses to explore global opportunities, overcoming reliance on the domestic market. He highlighted India's 7.8% GDP growth, dismissing negative narratives and assuring continued export growth despite US tariffs. Goyal emphasized the need for value addition and diversification, seeking industry support to navigate challenges and boost domestic demand through reforms.
Govt reforms, fiscal prudence played key role in GDP hitting 5-qtr high of 7.8 pc: India Inc
India's economy showcased robust growth at 7.8% in April-June, fueled by government reforms and fiscal prudence. Industry leaders are optimistic about weathering global challenges due to strong domestic demand. The growth reflects strengths in government expenditure, services, and manufacturing, positioning India as the fastest-growing major economy.
Govt working overtime to cushion export sectors against impact of US tariff, Chief Economic Advisor says
In response to the US imposing a 50% tariff on Indian goods, the government and stakeholders are collaborating to support affected export sectors. They aim to provide both financial and time-based assistance to help businesses navigate the challenges. Despite this, India's economy shows positive signs, with a strong 7.8% real GDP growth in the first quarter.
Dead economy, anyone? India's GDP growth at five-quarter high of 7.8% in Q1 FY26
India's economy experienced a robust surge, reaching a five-quarter high of 7.8% in April-June, propelled by strong manufacturing and services sectors. However, experts caution that this growth may face challenges due to newly imposed US tariffs on Indian imports of Russian oil.
India’s Q1 GDP springs big surprise with five-quarter high growth of 7.8% before US tariff blow
India's GDP showcased a robust growth of 7.8% in the April-June quarter. The National Statistics Office released the data. This figure surpassed economists' projections. Government capital expenditure fueled this expansion. Construction and agriculture sectors performed well. Aviation cargo traffic and GST collections also increased. Global trade risks remain a concern. However, domestic demand is expected to sustain growth.
US tariffs may shave 30-80 bps off India’s GDP growth this fiscal
Economists predict India's economic growth could slow by 0.3-0.8% this fiscal year due to the US imposing a 50% tariff on Indian goods. While domestic demand and relatively low export exposure may cushion the impact, HDFC Bank estimates a potential growth slip to below 6%. CareEdge Ratings anticipates a possible GDP decline of 0.
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