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...
FT: India’s as a Superpower by 2047 has Potential to Shape the Global Economy
Martin Wolf of the Financial Times discusses India's potential to become a superpower by 2047, its 100th year of independence. He argues that India is likely to achieve superpower status, with an economy potentially as large as that of the United States. To illustrate the challenge of becoming a high-income...
India is a Bright Spot in Global Growth Rates
Michael Yoshikami, the CEO of Walnut Creek CA-based Destination Wealth Management, said, "India looks like a bright spot in particular because you’re seeing tech companies starting to move forward in terms of manufacturing in India." He added that he is expecting an economic growth of 5% to 6% in the...
India’s Indigo Airline Places Record Order with Airbus
Airbus Industrie, the European aerospace company, landed its biggest-ever aircraft order in the history of commercial aviation. It announced that budget Indian airline IndiGo had placed an order for 500 of its A320 planes, to be delivered between 2030 and 2035. Executives from both companies announced the deal on the...
IMF: India to Remain Fastest-Growing Large Economy in 2023 and 2024
According to International Monetary Fund, global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024. But the news from India is much better.The IMF said. “Growth in India is set to decline from 6.8 percent...