Bihar Conclave 2025

India Economy

Aditya Birla Group Chairman Kumar Mangalam Birla praised PM Narendra Modi’s deep interest in India’s economy and private sector investment.

Union Minister Ashwini Vaishnaw hails PM Modi’s GST 2.0 as a major relief for middle- and lower-income families, promising higher consumption and job growth.

The GST Council approved major reforms, cutting tax slabs and lowering rates on numerous essential goods and services.

PM Modi subtly criticised trade protectionism while spotlighting India’s 7.8% GDP growth and semiconductor progress at Semicon India 2025.

India’s private sector economy expanded at its fastest pace on record in August, driven by a surge in new orders, as per the HSBC flash survey.

The PM Gati Shakti Plan has cut India’s logistics costs from 13–14% to 7.8–8.9% of GDP, according to the NCAER report ‘Gati Se Pragati’.

India is expected to remain the fastest-growing economy among countries monitored by Morgan Stanley, according to its latest GIC report.

India's Fiscal deficit 26 fiscal deficit remained at ₹13,000 crore, aided by non-tax revenues and RBI surplus.

Finance Minister Nirmala Sitharaman on Monday reaffirmed that India will continue to be the fastest-growing major economy.

India recorded a current account surplus of $13.5 billion or 1.3% of GDP in Q4 FY25, reversing a previous quarter deficit.