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Finance Minister Nirmala Sitharaman highlighted India's economic resilience despite global turbulence, attributing the country's sustained growth to proactive fiscal and monetary policies, structural reforms and large-scale infrastructure development. Speaking at the Foundation Day celebrations of
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FM Sitharaman attributes India's economic resilience to proactive fiscal and monetary policies, structural reforms, large-scale infrastructure development, strong macroeconomic fundamentals, a young workforce, and reliance on domestic demand.
India has recorded an average annual growth of about 8% between the financial years 2021-22 and 2024-25.
India is facing challenges from a volatile global environment, including geopolitical tensions, supply chain disruptions, and protectionist measures such as tariffs and stricter immigration policies.
Yes, international rating agencies like S&P Global Ratings, Morningstar DBRS, and Japan's R&I have upgraded India's sovereign ratings, reflecting confidence in the country's fundamentals.
Banks are expected to act as custodians of savings and growth engines by providing credit for MSMEs and capital expenditure projects, while also ensuring effective grievance redressal and retaining the trust of the younger generation.
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