India has the potential to achieve high-income status by 2047, according to a new report outlining the necessary reforms and strategies. To reach this milestone, the country must sustain an annual GDP growth rate of 7.8% over the next two decades, building on its historical growth trajectory.

The World Bank has reaffirmed India’s status as the world’s fastest-growing major economy, projecting a growth rate of 7% for the current fiscal year. This forecast underscores India’s resilience and its significant role in driving global economic momentum. Prime Minister Modi Highlights Economic Resilience Prime Minister Narendra Modi addressed the

The Reserve Bank of India (RBI) has projected that India will sustain its status as the fastest-growing major economy in the fiscal year 2025-26, anticipating a GDP growth rate of 6.7%. This optimistic outlook is attributed to several factors, including increased rural demand, tax relief measures introduced in the Union Budget, and a recovery in […]

Commerce and Industry Minister Piyush Goyal has emphasized that India’s economic growth can be significantly boosted by a combination of consumption-led and investment-led strategies. Speaking at the Invest Karnataka event in Bengaluru, he stated, “Economists will tell you that consumption-led growth, coupled with investment-led growth, can together become the

Reserve Bank of India (RBI) Governor Sanjay Malhotra has expressed optimism about the nation’s economic trajectory, stating that India can “certainly achieve over 7% growth rate” and that the country “should aspire for that.” This assertion comes as the RBI projects a 6.7% growth for the fiscal year 2025-26, an increase from the 6.4% estimated

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The World Bank projects India's economy to expand by 6.7% annually in the next two fiscal years, highlighting strong domestic demand and infrastructure development as key growth drivers.