Economic growth News

India has long been the world’s fastest-growing economy, and now the country is reaching the top in several key areas.

Meanwhile, the Reserve Bank of India (RBI) on Friday approved its highest ever dividend of a staggering Rs 2.69 lakh crore to the Narendra Modi government. 

The NHAI said last month that its arm, National Highways Infra Trust (NHIT), has successfully completed its fourth round of fundraising, securing an enterprise value of approximately Rs 18,380 crore. 

Earlier in the day, referring to the IMF data, BJP leader Amit Malviya posted on the micro-blogging site X that India has reached a remarkable economic milestone, doubling its GDP from USD 2.1 trillion in 2015 to an impressive USD 4.3 trillion in 2025. 

The forum brought together global industry leaders, policymakers, and investors to accelerate India’s role in driving scalable, sustainable, and technology-driven solutions for global challenges. 

Top 10 Richest States In India By GSDP In 2025: India's economic landscape is shaped by its 28 states, each contributing significantly to the nation's Gross State Domestic Product (GSDP) and overall growth. As we enter 2025, some states continue to dominate, driven by industries, agriculture, and services. Here’s a look at the top 10 richest states in India by GSDP for 2024–2025, according to Forbes. Notably, India's capital, New Delhi, ranks 13th with a projected GSDP of ₹11.07 lakh crore for FY 2024–25, contributing around 3.6% to the national economy.   

Budget 2025: Finance Minister Nirmala Sitharaman announced the National Manufacturing Mission, which aims to support small, medium, and large industries under the "Make in India" initiative.

At a time when global growth is expected to remain at 2.7 per cent in 2025-26, this remarkable performance underscores India’s resilience and its growing significance in shaping the world’s economic trajectory, said Ministry of Information and Broadcasting. 

The agriculture sector is expected to register a robust growth of 3.8 per cent in FY25, up from 1.4 per cent in FY24. 

Despite these challenges, the Nifty 50 index has gained 9.21 per cent so far this year, while the Sensex index has risen by 8.62 per cent, showcasing the resilience of Indian markets.  

Vice President Dhankhar reflects on India's economic growth, highlighting gold transfers, forex reserves and the importance of economic nationalism.

The share of the residential sector reduced to 19 per cent in Q3 2024 from 44 per cent in the same period a year earlier.  

The Finance Minister proposed some measures in the Budget to signal that new GST 2.0 will unlock trade potential and further ease compliances in the tax laws to foster further economic growth. 

Minister of Road Transport and Highways, Nitin Gadkari, emphasized the importance of the Parvatmala Project, guided by the Prime Minister.

Coal, lead conc, zinc conc and limestone are important minerals which have shown positive growth in August.

Modi said India has become the fifth largest economy and it's not ordinary achievement. PM addressed the crowd virtually at a mega medical camp organised in Surat city. "Every Indian is feeling proud of it. We need to maintain this enthusiasm," Modi said.

Weak worldwide economic growth looks likely for the rest of 2022, Economic Survey. Confidence dropped in Asia Pacific (-20) and South Asia (-30), after rise in the previous survey. Extreme poverty will rise in India aftermath of pandemic and war, the survey said.

The fund had earlier projected 9.5 per cent growth for the Indian economy in 2022. It slashed it by 0.5 percentage points in its January report. The fund has also cut its projection for 2023 by 0.2 point to 6.9 per cent.

The World Bank raised its growth forecast for Pakistan to 4.3% from 3.4%. The World Bank slashed this year`s growth forecast for Maldives to 7.6% from 11%. It raised crisis-hit Sri Lanka`s 2022 growth forecast to 2.4% from 2.1%.

According to a report by SBI Research's Ecowrap, GDP growth for 2019-20 could also see a downward revision from 5 per cent to 4.5 per cent, with growth in the fourth quarter of the current financial year at 2.5 per cent.