India is one of the fastest growing economies in the world and this strength has been acknowledged by all agencies, domestic and international. Recently, global rating agency Moody’s has also maintained its positive stance on India’s GDP growth. Last week, there were five pieces of good news for the Narendra Modi government at the Centre, ranging from low inflation to growth in India’s direct tax collections.
First good news: Inflation at record low level
The first good news for the Modi government has come in the form of retail inflation data. Retail inflation data was released by the government on Wednesday, which brought relief to the general public. Inflation has reached its lowest level since 2012. The impact of GST cut was clearly visible in the country and due to fall in food prices, retail inflation came down to just 0.25% in October from 1.44% in September.
Second good news: Moody’s has confidence in India
The other good news for the country came from the US, where global credit rating agency Moody’s praised India, saying the impact of Trump’s tariffs would be negligible. In its ‘Global Macro Outlook 2026-27’ report, US agency Moody’s Ratings said that despite global trade tensions and other challenges, the Indian economy will continue to grow at an annual growth rate of about 6.5% over the next two years. The rating agency’s report also said that during this period, India could remain the fastest growing economy among the G-20 countries. According to Moody’s, despite the US tightening, India’s total exports grew by 6.75% in September, while exports to the US declined by 11.9%.
Third good news: Government treasury full of taxes
The third good news is related to the increase in the central government’s treasury through taxes. Adequate tax revenue has been received so far in the government treasury in 2025. Direct tax collections in the current financial year have increased by 7% year-on-year to more than ₹12.92 lakh crore. It is noteworthy that the Central Government cut GST rates to reduce the impact of US President Donald Trump’s tariffs, but despite this, GST collection increased to ₹ 1.96 lakh crore in October.
Fourth good news: Corporate earnings and great results
Companies listed in the Indian stock market are continuously declaring their second quarter i.e. September quarter results, which are looking impressive. Especially a sharp increase in the income of the banking sector has been seen. The effect of these impressive results is also visible in the rise in the stock market. If we look at the recently released quarterly results of some major companies, Tata Steel’s profit after tax (PAT) increased by 272% in the second quarter. Infosys’ net profit increased by 13.2%. Bharti Airtel’s profit rose 89% in the second quarter. Muthoot Finance’s profit rose 90% in the second quarter, while Asian Paints’ profit rose 43%.
Fifth good news: Trump’s stance soft on H1B visa
The next good news has also come from America itself. President Donald Trump has softened his stance on the H1B visa policy. He himself has said that America is short of talented people and needs foreign workers. Trump is also continuously giving positive signals regarding the India-US trade agreement and recently he has also talked about reducing the 50% tariff imposed on India.
