Topic
gdp
Business India Government Sees GDP Momentum Intact, No Extra Borrowing Needed Despite Middle East Crisis
The Indian government remains confident in its growth outlook despite rising fuel and fertiliser import costs from the Middle East crisis, with sources saying GDP momentum is intact and no additional borrowing is needed. The government targets a fiscal deficit of 4.3% of GDP for FY27 and plans to reassess macroeconomic conditions in July after Q1 growth data.
Business India Does Not Use Methodology Changes to Inflate Growth Numbers, CEA Nageswaran Defends GDP Data
Chief Economic Adviser V Anantha Nageswaran has defended India's GDP data, stating that the country does not use methodology or base-year changes to artificially inflate economic growth figures. In an ANI interview, he said GDP is an estimate, and India actually lowered its GDP figure after a recent rebasing exercise, contrary to many other nations. He also noted that international institutions like the IMF have only questioned methodology, not reliability, and that criticism often stems from unmet expectations.
Business World Bank Cuts Global Growth Forecast to 2.5% for 2026; India Retains Fastest-Growing Major Economy at 6.6%
The World Bank projects global growth of 2.5% in 2026, down from 2.9% in 2025, citing the Middle East conflict and rising energy prices. India's GDP is forecast to grow 6.6% in fiscal year 2026-27, making it the world's fastest-growing major economy, though higher energy costs and fiscal pressures pose risks.
Business Why the US economy keeps defying the odds: corporate investment and energy resilience drive outperformance
The US economy continues to grow at a steady pace despite global shocks such as trade tariffs, immigration changes, and Middle East conflict. Corporate capital expenditure remains high at 13.9% of GDP, productivity has risen, and energy independence from fracking has reduced vulnerability to oil price spikes. Cultural attitudes toward risk-taking and structural differences with Europe further explain the divergence.
Business UK Economy Contracts 0.1% in April as Services Output Falls
The UK economy shrank by 0.1% in April 2026, according to the Office for National Statistics, driven by a drop in services output. Construction output rose, partially offsetting the decline. In the three months to April, the economy grew 0.7% compared with the previous quarter.
Business Raghuram Rajan Questions India's Growth Data, Cites Weak Investment and FDI
Former RBI Governor Raghuram Rajan has questioned India's official economic growth figures, noting a persistent disconnect between headline GDP numbers and business behavior such as weak corporate investment and falling foreign direct investment. His remarks come as India reported 7.7% growth in FY 2025-26, but Rajan argues that investment decisions by companies suggest growth may be less robust. He also warns of risks from the Middle East conflict and rising oil prices.
Business India GDP Growth to Slow to 6.6% in FY27 on Weaker Consumption and Investments:
BMI forecasts India's economic growth will moderate to 6.6% in fiscal year 2026/27, a slowdown from the 7.7% recorded in FY26. The research firm attributes the deceleration to three factors: fading consumption boost from GST reforms, elevated inflation driven by the Strait of Hormuz disruption, and slowing investment growth. The rupee is expected to average 95.1/USD, supporting export competitiveness.
Business India's GDP Surges 7.8% in Q4 FY26, Outperforming Expectations
India's economy demonstrated robust growth in the fourth quarter of FY26, with GDP expanding by 7.8%, surpassing expectations. The full-year growth reached 7.7%, driven by strong performances in trade, hotels, and transport sectors.
Business India's GDP Growth Slows Amid Global Challenges
India's GDP growth is projected to have slowed to 7.2% in Q1 2026, impacted by weaker external demand and industrial activity. Despite challenges, India remains the fastest-growing major economy, with services growth expected to stay robust.
Business India's GDP Grows 7.7% in FY26; RBI Lowers FY27 Forecast
India's GDP expanded by 7.7% in FY26, driven by strong investment and sectoral growth. However, the RBI has revised its FY27 growth forecast down to 6.6%, citing global economic challenges.
Business India's GDP Growth Hits 7.7% in FY26, Modi Credits Reforms
India's GDP growth reached 7.7% in FY26, reflecting economic resilience and successful reforms. Prime Minister Narendra Modi attributes this growth to the hard work of 140 crore Indians and ongoing economic reforms.
Business India Achieves FY26 Fiscal Deficit Target of 4.4% of GDP
India has successfully met its fiscal deficit target of 4.4% of GDP for FY26, as per the Controller General of Accounts. This marks a significant improvement from the previous year's deficit of 4.8%. The achievement is attributed to effective fiscal management despite moderate tax buoyancy.