More Stories

Informist, Tuesday, Aug. 4, 2026

 

NEW DELHI – Robust domestic high-frequency indicators, including industrial output and the index of core industries, in the first quarter of 2026-27 (Apr-Mar) point to sustained momentum in economic activity and domestic demand, Minister of State for Finance Pankaj Chaudhary said Tuesday. "These robust domestic fundamentals are expected to support the economy's growth momentum during the year," Chaudhary said in a written response to a question in the Rajya Sabha.

 

The minister said geopolitical developments in West Asia and heightened trade uncertainties have made the global economic situation volatile. Brent crude oil prices peaked at $138.2 per barrel in April, exerting upward pressure on global energy prices and domestic prices, with wholesale price inflation rising from 4.0% in March to 9.9% in June, the minister said.

 

Crude oil prices falling to $91.8 per barrel as of Jul. 27 and the Global Supply Chain Pressure Index declining to 1.25 in June from 1.84 in April indicate easing supply chain pressures, the minister said. The output of nine core industries rose 5.0% in June from 2.9% in March, while industrial growth improved to 7.3% in June from 3.0% in March.

 

"Private consumption, public infrastructure spending, manufacturing and private investment remain the key drivers of India's economic growth," the minister said. Private consumption, which accounts for 56.7% of GDP, is supporting domestic demand, he said.

 

"Manufacturing is expanding productive capacity, boosting exports and generating employment, while private investment is augmenting productive capacity, fostering innovation, improving competitiveness and creating employment, thereby reinforcing medium-term growth," the minister said. Additionally, the government's growing capital expenditure is expected to support economic activity through multiplier effects, he added. End

 

Reported by Shweta

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.