t, Indian business could create economic value worth $9.82 trillion. (AI image) India’s economy could grow leaps and bounds in the coming years, estimates PwC India in a new report. The analysis projects India’s total GVA to increase from $3.39 trillion in 2023 to $9.82 trillion in 2035, representing a CAGR of 9.27%.GVA or Gross […]
Union commerce and industry minister Piyush Goyal on Tuesday reaffirmed India’s goal of becoming a $5 trillion economy by 2027, citing strong macroeconomic fundamentals, robust policy reforms, and inclusive national effort. Speaking at a virtual session hosted by the Merchants’ Chamber of Commerce and Industry (MCCI), Goyal described India’s economic progress as a “quantum leap”, […]
The report said India’s growing middle class is expressing greater demand for high-value and processed agricultural products, such as fruits and vegetables and protein sources like paneer, curd, and butter | Photo Credit: RITU RAJ KONWAR Highlighting that India’s $580-650 billion agriculture sector is the world’s fastest-growing —at 5 per cent annually in the past […]
US President Donald Trump’s sweeping tax and spending legislation, now advancing through Congress, will cut taxes by $3.75 trillion but add $2.4 trillion to federal deficits over the next decade, according to a new analysis from the nonpartisan Congressional Budget Office (CBO) released Wednesday.The CBO also projects the bill would lead to 10.9 million more […]
India’s G20 Sherpa Amitabh Kant | Photo Credit: PTI India’s economy, which is currently $4 trillion in size, is expected to be close to $30 trillion by 2047 and the country also has the advantage of younger demographics, G20 Sherpa Amitabh Kant said on Monday. He was speaking at a session on the sidelines of […]
India’s economy in PPP terms stands at $15 trillion, whilst the United States maintains $ 29 trillion. (AI image) The Indian economy’s size in Purchasing Power Parity (PPP) terms is $15 trillion which is more than half the size of the US economy, NITI Aayog Vice-Chairman Suman Bery has said. He explained that whilst India’s […]
India’s total goods and services exports are projected to surge over 21% year-on-year to touch $1 trillion in the fiscal year 2025-26, according to the Federation of Indian Export Organisations (FIEO). In 2024-25, the country’s exports stood at $824.9 billion.FIEO President S C Ralhan attributed the projected growth to global buyers looking to diversify their […]
Maharashtra has set an ambitious target of becoming a $5-trillion economy by 2047, with Chief Minister Devendra Fadnavis highlighting the state’s comprehensive strategy to achieve this goal. Addressing the NITI Aayog Governing Council meeting, Fadnavis said the state government is committed to implementing its vision for both development and the preservation of heritage, aligned with […]
The Reserve Bank of India’s historic dividend payout of approximately Rs 2.7 trillion to the government was fueled by strong sales of US dollar, a high foreign exchange gain and steady rise in interest income, State Bank of India said in its latest report.The report said that RBI’s active participation in the forex market was […]
In FY24, India exported over $435 billion in goods, led by sectors like electronics, chemicals, and machinery. | Photo Credit: Siva SaravananS India’s manufacturing gross value added (GVA) is projected to grow from $459 billion in FY24 to $1.6 trillion by FY2034, according to a report by 3one4 Capital’s ‘Future of Production Report 2025’. This […]
