World Bank Raises India’s FY26 Growth Forecast; Country to Remain World’s Fastest-Growing Major Economy

New Delhi — India is expected to continue as the world’s fastest-growing major economy, supported by strong consumption, improved agricultural output, and rising rural wages, according to a World Bank report released on Tuesday.

The…

India’s Public Sector Banks Show Resilience Amid US Tariffs, While Private Lenders See Market Cap Decline

New Delhi — India’s public sector banks (PSBs) remained resilient through the July–September quarter (Q2 FY26), even as private sector banks saw their market capitalisation decline amid trade uncertainty and weak investor sentiment,…

Impact of GST reforms visible as festive sales break 10-year record: Experts

New Delhi – The government’s **Next Gen GST reforms** are beginning to make a visible impact on India’s economy, with experts noting that the ongoing **festive season has recorded the highest sales in a decade**, particularly…

Government Launches Rs.1,500 Crore Incentive Scheme to Boost Critical Mineral Recycling

New Delhi – The Ministry of Mines has released detailed guidelines for a ?1,500 crore incentive scheme aimed at promoting critical mineral recycling, part of India’s strategy to reduce reliance on foreign sources of these vital resources.

Two-Wheeler Sales Jump 9% in September on GST Cut, Festive Demand

New Delhi — India’s two-wheeler sales rose 9 per cent year-on-year (YoY) in September, crossing the two-million mark, as festive season demand picked up momentum following the government’s reduction in Goods and Services Tax (GST)…

India’s IT Services Sector Set for Recovery in FY27; Long-Term Growth Seen at 4–5%

New Delhi — India’s IT services sector is expected to stage a recovery by FY27, with its sustainable long-term growth stabilising between 4 to 5 per cent, according to a new report by HSBC Global Investment Research released on Friday.

India Poised for 6.5% Average Growth Over the Next Decade: Morgan Stanley

New Delhi: India is projected to record an average annual growth rate of 6.5% over the next decade, according to a report by US investment banking firm Morgan Stanley. The outlook could improve further if the country’s industrial and export…

PM E-DRIVE: Centre Launches Rs 2,000 Crore Subsidy for EV Charging Stations

New Delhi – The Ministry of Heavy Industries (MHI) has released operational guidelines for the Rs 10,900-crore PM E-DRIVE scheme, allocating Rs 2,000 crore to provide subsidies for public electric vehicle (EV) charging stations across cities…

India’s Household Wealth Jumps 14.5% in 2024, Fastest Rise in Eight Years: Report

New Delhi —India ranked among the world’s quickest-growing wealth markets in 2024, with household financial assets expanding 14.5 per cent year-on-year—the strongest increase in eight years—according to the Allianz Global…

Domestic Generic Producers May Gain as US Slaps 100% Tariffs on Branded Pharma

New Delhi – Indian generic drug manufacturers could see near-term benefits after the US announced 100 per cent tariffs on branded and patented pharmaceutical imports from October 1, 2025, analysts said on Friday.

Generic medicines remain…