India's economy recorded a robust 7.8 per cent growth in the April-June quarter of fiscal year 2026-27, surpassing both market expectations and the Reserve Bank of India's forecast. This strong performance positions India as the world's fastest-growing major economy, demonstrating resilience despite global economic uncertainties and geopolitical tensions, including the conflict in Iran. The Ministry of Statistics and Programme Implementation highlighted the sustained growth momentum amidst global headwinds.
Former Chief Economic Adviser Krishnamurthy V Subramanian outlines India's strategy to become a USD 55 trillion economy by 2047. The plan hinges on leveraging its young demographic in AI, dominating sunrise sectors like space and defence tech, attracting FDI, and achieving sustained 8% GDP growth.
Despite near gender parity in basic bank account ownership, women in India remain significantly underrepresented in the growing platform economy due to gaps in digital financial capability and access to credit, according to a joint report by the International Labour Organization and National Council of Applied Economic Research.
'Wages have not risen. Rural wages have stagnated. The growth was 0.7 per cent last year. For casual and irregular labour, the wage growth is negative.'
'It is not because of the war in West Asia, which began on February 28.' 'Petroleum product prices are already going through the roof. They are bound to have a serious inflationary impact.' 'A country's leadership is tested in trying times. It is here that the current leadership is failing.'
The World Bank's "World Development Report 2026" urges developing countries to adopt low-cost AI tools to accelerate progress in healthcare, education, and judicial services. The report highlights AI's potential to boost productivity and improve public services, while noting that jobs in high-income countries are more at risk from automation than those in developing nations.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
A joint report by Deloitte India and FICCI projects India's consumer economy to reach USD 1.9 trillion by 2030. This growth will be fuelled by rapid AI adoption, evolving consumer preferences, and new commerce models like e-commerce and quick commerce. India leads in AI adoption among top countries, with businesses leveraging it for engagement, innovation, and forecasting. The report also highlights the emergence of a new Indian consumer seeking convenience and transparency, and identifies key trends shaping FMCG, retail, and e-commerce sectors.
Moody's Analytics predicts India will remain the fastest-growing major economy in 2026 and 2027, but its pace will moderate due to a global slowdown, geopolitical risks, and financial market volatility, despite the boost from AI demand.
Tata Chemicals has stated its commitment to resolving outstanding issues with the Kenyan government after President William Ruto reportedly ordered its subsidiary, Tata Chemicals Magadi Ltd, to cease operations, citing a lack of benefit to citizens.
Finance Minister Nirmala Sitharaman announced that India's real GDP grew by 7.8 per cent in the April-June quarter, surpassing the RBI's forecast. She attributed this strong performance to government reforms and agile economic management, reaffirming the government's commitment to expanding economic opportunities.
S&P Global Ratings has affirmed India's sovereign credit rating at 'BBB' with a stable outlook, citing the country's dynamic and fast-growing economy, strong external balance sheet, and stable institutions that ensure policy predictability.
'Improved law and order and transparent governance have helped change UP's investment image.'
'The fundamental issue that I have raised, how come India's GDP in current prices went down from Rs 86 lakh crore down to Rs 80 lakh crore -- a staggering erasure of Rs 6 lakh crore. This disappearance of Rs 6 lakh crore has not been answered by anyone.'
Prime Minister Narendra Modi lauded India's 7.8 per cent GDP growth, achieved despite global conflicts and instability. He emphasised the importance of Swadeshi and self-reliance for a developed India by its 100th year of Independence, urging citizens to avoid unnecessary foreign expenditures.
At 41, Roelof van der Merwe aims to conclude his international cricket career at the upcoming ODI World Cup, ideally in Centurion, South Africa, representing the Netherlands. He discusses his dedication to national duty over franchise cricket, his fitness goals for future World Cups, and his continued impact as a left-arm spinner and fielder. He also highlights the potential of the European T20 Premier League to unearth new talent.
Prime Minister Narendra Modi celebrated India's 7.8 per cent GDP growth in the April-June quarter, attributing it to the collective strength of the people despite global uncertainties. He criticised "doomsayers" as the economy showed resilience, exceeding expectations even amidst international conflicts and supply chain issues.
India's statistics ministry has defended its newly released economic growth estimates, stating that revisions to last year's GDP and the divergence between different price measures reflect updated data and estimation techniques rather than an attempt to artificially boost headline growth.
Finance Minister Nirmala Sitharaman stated that India is likely to sustain economic growth of 7 per cent or more in 2026-27, continuing the pace recorded since the Covid-19 pandemic, despite geopolitical uncertainties and supply-chain disruptions.
Prasar Bharati Chairman Prasoon Joshi voiced concerns over AI's impact on India's cultural heritage, including music and endangered languages, advocating for human-AI collaboration. Meanwhile, a Spotify report revealed significant growth in royalties for Indian artists, with linguistic diversity driving economic strength in the creative industries, highlighting the platform's role in enabling talent across various Indian languages.
Indian benchmark indices, Sensex and Nifty, closed marginally lower due to elevated crude oil prices, fresh US-Iran tensions, and expectations of a tighter monetary policy from the US Federal Reserve, despite strong domestic GDP growth.
Auqib Nabi made a notable debut for Surrey, taking Kuldeep Yadav's wicket.
In many ways, 17th century India occupied a position in the global economy comparable to that of the United States today. Just as millions of people now look towards America because of its economic opportunities, merchants, adventurers and trading companies once looked towards India.
India pacer Gurnoor Brar discusses how bowling alongside senior quicks Jasprit Bumrah and Mohammad Siraj has improved his consistency in lengths.
If India does get $100 billion a year in FDI, it would be a game-changer in every possible way. FPIs would come rushing back, AI or no AI, points out Debashis Basu.
Young Uttar Pradesh spinner Kartik Yadav, who impressed on his Ranji Trophy debut, aims to become an all-format cricketer by drawing inspiration from the adaptability of Ravindra Jadeja and the composure of Hardik Pandya.
The Centre has spent 28 per cent of its FY27 capital expenditure budget of Rs 12.21 trillion in the first three months against around 24.5 per cent during the corresponding period a year ago.
Tamil Nadu Chief Minister C Joseph Vijay has announced plans for a new Rs 1,200 crore Assembly-cum-Secretariat integrated complex in Chennai, moving the administration from the historic Fort St George. The modern facility will house all state government departments, addressing space constraints and aiming for efficient governance. Additionally, the CM unveiled plans for a Tamil Nadu Olympic City and a Motor Sports City to boost sports infrastructure and tourism.
Minister of State for Telecom Chandra Sekhar Pemmasani urged BRICS nations to collaborate on building institutional capacity and advocating for fair standards in international telecom and ICT bodies. He highlighted India's willingness to share its modular, open-source digital public infrastructure frameworks like Aadhaar and DigiLocker, emphasising their role in sustainable development and economic growth across the Global South.
Making UPI payments fee-based for some transactions could enhance mental reservations against digital payments -- which have largely been overcome -- once more. Do we want to regress?, asks R Jagannthan.
The Hyderabad AI factory is being designed to run some of the world's largest and most sophisticated AI models, including trillion-parameter models and next-generation agentic AI applications.
'If investors are trusting a new establishment in Tamil Nadu, it speaks a lot of the state's investment climate.'
India's Unified Payments Interface (UPI) recorded an unprecedented 24.51 billion transactions valued at Rs 29.8 lakh crore in August, largely propelled by the Raksha Bandhan festival. This surge marks a 22% annual increase in volume and 20% in value, highlighting the expanding reach and depth of the UPI ecosystem. Experts anticipate further growth during the upcoming festive season, while UPI's international acceptance now spans 11 countries.
Surging growth in sales by companies hasn't translated into higher salaries just yet.
Prime Minister Narendra Modi announced a new target of creating six crore 'Lakhpati Didis' to empower women and transform the rural economy. He highlighted the success of the existing initiative and the growing contribution of women in various sectors, from defence to technology.
Trade negotiations between the United States and Canada have collapsed, leading to the US imposing 50% tariffs on nearly $28 billion worth of Canadian imports, with Canada immediately vowing to retaliate dollar-for-dollar.
Auqib Nabi's Surrey stint will provide crucial first-class exposure in England as the J&K pacer seeks to strengthen his case for India's Test squad for New Zealand.
'The real shock is going to be from a deficient monsoon.'
Donald Trump announced a landmark agreement with Venezuela, claiming it to be the 'biggest oil deal in world history'. The deal reportedly grants the US majority control over more than 65 billion barrels of Venezuela's proven crude oil reserves, aiming to double American oil reserves and lower domestic gasoline prices.
Prime Minister Narendra Modi has introduced a 'Sapta Dhara' (seven-stream) reform framework, aiming to propel India into a developed nation by 2047. This comprehensive plan focuses on key sectors including manufacturing, agro-food processing, technology, logistics, defence, green and blue economy, and soft power, leveraging the nation's youth potential.
