India delivered a pleasant surprise in its GDP growth story last week! Reuters had predicted India's GDP to grow at 6.7 percent for the quarter ended June 2025. All 12 economists polled by the The Wall Street Journal had projected a slowdown to a median of 6.6 percent. But, boosted...
India’s GDP Rose Over 20% in Q2
India's economy grew at a record pace in the second calendar quarter. Even as the country grappled with a devastating wave of Covid-19, GDP rose 20.1% in the three months to June 30, compared with a record contraction in the same quarter a year earlier. "The record year-on-year rise in...
Indian Government to Bail Out State-Owned Banks
Over the next two years, New Delhi plans to pump about $32 billion into state-owned banks in a bid to increase money flow, significantly spur economic activity, loosen credit conditions, and boost investment and growth. The Economist explains that according to the plan unveiled on October 24th, the ailing banks...