Sitharaman Signals Success: India’s Economy Stays on Top, Fourth Year in a Row

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India continues to defy global economic uncertainties, securing its position as the fastest-growing major economy for the fourth consecutive year. Finance Minister Nirmala Sitharaman reaffirmed this milestone, citing robust industrial activity, resilient manufacturing, and sustained agricultural contributions as key drivers.

Growth Trajectory and Sectoral Strength

The Indian economy expanded by 7.4 percent in Q4 FY25, marking the highest quarterly growth in a year. This propelled the full-year GDP growth to 6.5 percent, reinforcing India’s economic resilience.

Manufacturing, services, and agriculture played pivotal roles in sustaining this momentum, with small, medium, and large industries contributing significantly.

Public capital expenditure and rising private consumption further bolstered economic expansion.

Innovation and Digital Transformation

Sitharaman emphasized India’s growing role in technology-driven development, highlighting advancements in space research and digital public infrastructure.

The government’s commitment to science and technology investments remains strong, with initiatives like the National Quantum Mission fostering futuristic growth.

Policy and Governance Priorities

The Finance Minister reiterated the need for regulatory simplification, advocating for the removal of bureaucratic hurdles to facilitate business growth.

She underscored the importance of corruption-free governance, aligning with India’s long-term vision of becoming a developed nation by 2047.

India’s sustained economic performance signals confidence in its growth trajectory, reinforcing its position as a global powerhouse.

Sources: Business Standard, Moneycontrol, Deccan Chronicle, MSN, Livemint.