The International Monetary Fund (IMF) has revised India’s growth forecast upward by 0.2 percentage points, projecting a 6.6 per cent expansion for the 2025-26 fiscal year. The revision reflects the country’s strong growth momentum, which is helping offset the impact of high US tariffs on Indian exports. India’s economy grew at a surprising 7.8 per…
India’s external debt stood at USD 747.2 billion at the end of June 2025, marking an increase of USD 11.2 billion over the level recorded at end-March 2025, according to data released by the Reserve Bank of India (RBI) on Tuesday. The data shows that the external debt to GDP ratio moderated slightly to 18.9…
India’s fiscal deficit for the five-month period from April to August stood at Rs 5.98 lakh crore, which represents 38.1 per cent of the government’s full-year target for the financial year 2025-26, official data released on Tuesday showed. This indicates that the fiscal deficit is well under control and on its declining glide path, with…
India’s economic outlook remains broadly optimistic despite a turbulent international environment marked by geopolitical uncertainties and shifting trade dynamics, according to the Finance Ministry’s monthly economic review released on Friday. With the GDP growth having surprised on the upside in Q1 FY26, domestic components of demand have played a key role in supporting growth and…
India’s GDP is expected to grow between 6.8 per cent-7 per cent in the first quarter this fiscal (Q1 FY26), due to higher discretionary spending which will drive demand-led growth in the country, a report said on Thursday. The gross value added (GVA) growth is estimated at 6.5 per cent for the quarter, SBI Research…
Officials of US President Donald Trump’s administration considered demanding that South Korea raise its defense spending to 3.8 per cent of its gross domestic product (GDP) during tariff negotiations, a news report said, citing internal US government documents. US officials also weighed the idea of requiring South Korea to publicly support operational flexibility of the…