India, Chief Economist
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The Indian rupee fell past 90 to the dollar on Wednesday, pressured by weak trade and portfolio flows despite strong economic growth in the world's fifth-largest economy. The rupee weakened to an all-time low of 90.
At the core of this transformation is Indian Railways, serving as the nation’s largest mobility and freight backbone—moving raw materials, finished goods and millions of citizens every day.
India’s Q2 GDP grew 8.2%, driven by manufacturing, exports, and rising labour participation, highlighting a resilient and broad-based economic
“India’s real GDP is projected to grow by 6.7 per cent in fiscal year 2025-26, 6.2 per cent in 2026-27 and 6.4 per cent in 2027-28. Higher tariffs applied by the United States are expected to weigh on exports, but private consumption will be supported by rising real incomes as inflation remains low and consumption taxes decline,” the report said.
As India pushes toward the $5 trillion economic milestone, Union Finance Minister Nirmala Sitharaman has said that the country will need banks that are far bigger, stronger and capable of handling the financial demands of a rapidly expanding economy.
Vishrut Rana says India could be a $5.0 trillion economy by 2028. Here's why Rana believes Indian economic growth could beat IMF estimates.
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