March 25, 2026

growth

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Rural demand surge: Countryside drives India’s consumption rebound; urban growth seen picking up in Q3 FY26

contact@dailyupdatesindia.com02 mins

Rural India continues to drive the country’s consumption rebound, outpacing urban markets despite recent policy measures aimed at stimulating city-based spending, according to Motilal Oswal Financial Services Ltd. (MOFSL).According to MOFSL’s latest ECOSCOPE report titled “Rural Rules, Urban Follows,” rural consumption rose 7.7 per cent year-on-year in the second quarter of FY26 — the highest…

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Data centre boom: India’s capacity to hit 8GW by 2030; $30 billion investment seen driving AI, cloud growth

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Representative image (Picture credit: ANI) India’s data centre industry is on track for a major expansion, with total capacity projected to jump five times to 8GW by 2030, according to a sectoral report by Jefferies. The growth is expected to be driven by the surge in data consumption, rapid cloud adoption, regulatory data localisation rules,…

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India’s growth to be ‘north of 6.8%’: CEA Nageswaran upbeat on FY26 outlook; cites boost from GST cuts & tax relief

contact@dailyupdatesindia.com02 mins

NEW DELHI: Chief economic advisor V Anantha Nageswaran on Friday expressed confidence that India’s economic growth for FY26 will exceed 6.8%, supported by stronger consumption driven by GST rate cuts and income tax relief.Speaking at CNBC-TV18’s Global Leadership Summit 2025, Nageswaran said, “I am comfortable looking at a number north of 6.8 per cent now….

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Pharma growth: AstraZeneca profit surges 77% to $2.53 bn in Q3; US expansion and cancer drugs power strong results

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AstraZeneca reported a sharp rise in quarterly profit on Thursday, with strong US growth and robust sales of cancer drugs driving a 77% year-on-year jump in net earnings to $2.53 billion for the third quarter.The British pharmaceutical major said group revenue grew 12% to $15.2 billion, led by oncology treatments that now account for nearly…

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Policy pause: Bank of England holds rates at 4% ahead of UK budget; Bailey signals caution as inflation, growth pressures persist

contact@dailyupdatesindia.com02 mins

The Bank of England (BoE) on Thursday kept its benchmark interest rate unchanged at 4%, opting for caution ahead of the UK government’s upcoming budget later this month that is expected to include tax increases, AFP reported.Governor Andrew Bailey said the central bank remained confident that rates were on a “gradual path downwards” but stressed…

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India services sector loses steam: Growth moderates amid rains, competition; HSBC PMI shows softest rise in 5 months

contact@dailyupdatesindia.com02 mins

File photo (Picture credit: ANI) India’s services sector saw its slowest pace of growth in five months during October, as competitive market pressures and heavy rainfall in some regions weighed on business activity.According to the monthly HSBC India Services PMI Business Activity Index, compiled by S&P Global, the seasonally adjusted reading fell to 58.9 in…

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India’s growth story: FM Sitharaman says nation on track to be world’s third-largest economy; dismisses fears over bank privatisation

contact@dailyupdatesindia.com03 mins

India is on course to become the world’s third-largest economy soon, Finance Minister Nirmala Sitharaman said on Tuesday, highlighting the country’s rapid economic transformation, fiscal discipline, and resilience amid global uncertainty.Addressing students at the Delhi School of Economics, Sitharaman said India’s steady climb from the world’s tenth-largest economy in 2014 to the fifth today demonstrates…

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India deal market surge: Q3 hits 999 deals worth $44.3 billion; M&A drives six-quarter high growth

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Representative image (Picture credit: ANI) India’s corporate deal market continued its strong upward momentum in the third quarter of 2025 (July–September), notching up 999 transactions worth $44.3 billion, according to a report by PwC. This marks the highest level in six quarters, reflecting a 13 per cent rise in deal volume and a 64 per…

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