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​India is poised to become a global industrial powerhouse by 2047, with manufacturing's share of gross domestic product (GDP) targeted to rise from about 17 per cent now to roughly 25 per cent, a report showed on Thursday.

India's manufacturing share projected to rise to 25% of GDP by 2047: Report

PM Modi hails India’s 8.2 per cent Q2 GDP growth as a strong reflection of pro-reform policies, as ministers highlight sustained momentum and India’s position as the world’s fastest-growing major economy.

PM Modi says economic growth reflects impact of reforms as Q2 GDP soars to 8.2%

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.

India’s fiscal deficit at 38.1% of annual target, signals strong economic stability

The survey findings showed that merchandise imports are likely to grow by 2.5 per cent in 2025-26, which is more than double the growth of merchandise exports.

India's merchandise imports to grow twice than exports in current financial year: RBI survey

Revenue growth of India's 18 largest states, which account for over 90 per cent of the gross state domestic product, is likely to reach Rs 40 lakh crore in the current fiscal at a modest 7-9 per cent, according to a&nbsp;Crisil&nbsp;Ratings report.

Revenue of 18 major Indian states to grow 7–9% to Rs 40 lakh crore in FY26: Crisil

India's Gross Domestic Product (GDP) is expected to fall below 6.5 per cent for the current financial year 2025, as GDP growth in the second quarter (Q2 FY25) slowed to 5.4 per cent, according to a report by the State Bank of India (SBI).

India's GDP expected to fall below 6.5% in FY25 amid slowdown in GDP growth in second quarter: SBI

Contrary to the claims of “jobless growth,” the latest government data shows that employment in India increased by 36 per cent (17 million jobs) between 2016-17 and 2022-23.&nbsp;During the same period, the gross domestic product (GDP) grew at an average rate of over 6.5 per cent.

Employment in India up 36% with 17 million jobs between 2016-17 and 2022-23: Centre

The RBI also emphasised that the Indian economy would have to navigate challenges posed by rapid adoption of AI/ML (artificial intelligence/machine learning) technologies as well as recurrent climate shocks.

GDP growth robust on back of healthy balance sheets of banks, corporates: RBI

The slowdown will be due to lower GDP growth at 6.8 per cent in FY25, as against 7.6 per cent in FY24, RBI measures like higher risk weights on unsecured loans and also a high base, the agency said.

Banks' credit growth in FY25 to slow down to 14% on lower GDP uptick, RBI measures: Crisil

“In India, growth momentum remains strong, and while we think core inflation will bottom out in April-June, we expect it to be around 4.0 - 4.5 per cent in July-December,” the financial company said.

Goldman Sachs ups India's GDP growth forecast

Fitch Ratings says, the high dividend by RBI could even lower FD below the target. " The larger-than-expected Reserve Bank of India (RBI) dividend to the government should help to ensure the 5.1 per cent of GDP deficit target for the fiscal year ending March 2025 (FY25) will be met and could be used to lower the deficit beyond the current target." says Fitch Ratings.

RBI's Rs 2.11 lakh crore dividend provides near-term support to fiscal performance: Fitch Ratings

India's gross domestic product (GDP) grew 8.4 per cent in the third quarter ended December 2023. In the second quarter, the GDP growth was 7.6 per cent while 7.8 per cent in the first quarter.

Possibility of GDP growth touching 8 pc in FY24 quite high: CEA 

The government expects the Indian economy's GDP growth rate in 2023-24 to "comfortably" exceed its forecast of 6.5 percent despite the risks to growth and stability outlook that mainly emanate from outside the country, according to the Finance Ministry's half-yearly economic review report.

Finance Ministry sees GDP growth comfortably surpassing 6.5% in 2023-24

India's GDP&nbsp;is expected to grow 6.2-6.3 percent in the fiscal year ending in March 2024, being the fastest-growing major economy this fiscal year. Asia's third-largest economy grew by a stellar 7.8 percent in the April-June quarter.

India to surpass Japan to become 2nd largest economy in Asia by 2030: S&P Global 

Falling income growth in the urban sector, shrinking corporate profitability, fading momentum in (front-loaded) government capex, demand-curbing monetary policies and diminishing global growth prospects may weigh on output, the report said.

GDP growth will likely moderate in the quarters ahead

The German economy has suffered two back-to-back quarters of GDP contraction — a technical recession. Here's what it means.&nbsp;

Germany enters technical recession as GDP shrinks for two back-to-back quarters: 10 things to know

Data released Thursday by the Federal Statistical Office shows Germany's gross domestic product, or GDP, down by 0.3 per cent in the period from January to March. This follows a drop of 0.5 per cent in Europe's biggest economy during the last quarter of 2022. Two consecutive quarters of decline constitute a technical recession.

Germany's GDP shrinks in first quarter to put Europe's biggest economy into recession

The BSE Sensex rallied 448.96 points or 0.76 per cent to settle at 59,411.08. During the day, it jumped 513.33 points or 0.87 per cent to 59,475.45. In the past eight days, the BSE benchmark tumbled 2,357.39 points or 3.84 per cent.

Recovery in markets make investors richer by Rs 3.20 lakh crore

"Banks' profitability will stabilise after improving in the past few years as the boost from declines in loan-loss provisions wanes. Banks' capital, funding and liquidity will be stable and supportive of credit growth," Moody's said.

Moody's says India's growth potential fundamentally strong, maintains stable outlook on banks

Compared to the pre-Covid number, the GDP is likely to have grown 11.6 per cent in Q3 from 7.6 per cent in the previous quarter, boosted by continued recovery in the services sector, said Aditi Nayar, chief economist and head of research at Icra Ratings.

India's GDP likely grew 5-5.1% in third quarter of FY23: Analysts