India sustains status as fastest-growing economy for fourth consecutive year: FM Sitharaman

Sitharaman attributed the sustained growth to robust contributions from manufacturing, industrial activity, services, and agriculture, highlighting the resilience of Indian industries. She noted that the country has recovered strongly from the COVID-19 pandemic and is now fostering innovation rather than merely being a market for goods. The Finance Minister also pointed to the government's commitment to investing in futuristic sciences, citing the National Quantum Mission as an example, and expressed a willingness to address regulatory hurdles for businesses.

She called for a shift in mindset, urging Indians to shed the perception of being solely a developing nation and to believe in the country's capabilities to achieve developed status by 2047. Sitharaman also stressed the importance of eradicating corruption to facilitate this transition.