According to U.S.-based economists and business leaders, the recent Indian budget reinforces India's strong growth momentum and encourages trade and investment, although they advised a sharper push on manufacturing competitiveness. Johns Hopkins University professor Steve Hanke remarked that India's economic performance under Prime Minister Narendra Modi will propel the country...
India’s Economy Surges Despite Global Uncertainty
India’s economy expanded at an impressive annual rate of 7.4% in the January–March quarter of 2025, surpassing forecasts and reinforcing its position as the fastest-growing major economy. The latest data from the government, released on May 30, showed robust growth driven by strong manufacturing and construction activity. Economists had projected...
Treasury Secretary Expects India to Be First to Strike Trade Deal
Treasury Secretary Scott Bessent indicated that India is likely to be the first country to reach a bilateral trade agreement avoiding President Trump's "reciprocal" tariffs, while negotiations with China are currently on hold. At a DC roundtable with reporters during the World Bank and IMF meetings, Bessent said talks with...
President Biden to Visit India for G-20 Summit
According to the White House, President Biden will travel to New Delhi, to attend this year's annual meeting of the leaders of G-20 which India is hosting as the chair from September 7 to 10. Biden’s upcoming visit will be his first to India as U.S. President; he will be...
WSJ: India Emerges as Global Economic Power
This could well be the year India finally emerges as a global economic heavyweight says an article in the Wall Street Journal. The cumulative effect of solid economic growth, microeconomic reform, and a changed geopolitical environment has the West more eager than ever to draw India into its orbit. The bullish...
IMF Retains India’s Growth Projection at 9.5% for 2021
The International Monetary Fund (IMF) maintains India’s growth forecast for 2021 at 9.5% after falling 3 percentage points from 12.5% in July following the severe second wave of the COVID-19 pandemic in India. In its latest World Economic Outlook (WEO) report of October 2021, IMF expects India's economy, which shrank...