Union Finance Minister Nirmala Sitharaman emphasized India’s robust economic performance during the last three consecutive fiscal years, positioning it as the fastest growing economy. In her address at the Times Now Summit 2024, Sitharaman highlighted the sustainability of this growth and the potential for further expansion in the years ahead.
Unwavering Growth Momentum
Sitharaman underscored India’s remarkable growth trajectory, citing an eight percent growth rate in the first three quarters of the financial year 2023-24. She expressed confidence in maintaining similar levels of growth in the fourth quarter, indicating a consistent and sustainable upward trend.
Crucial Years Ahead
Looking ahead, Sitharaman emphasized the critical importance of the next 25 years for India’s economic trajectory. These years, she noted, will play a pivotal role in shaping the country’s future growth and development strategies.
Foreign Investor Confidence
Attributing India’s attractiveness to foreign investors, Sitharaman highlighted the credibility of the Indian economy. Factors such as economic policies, macroeconomic stability, and transparent governance have contributed to building trust among international investors, driving them to explore investment opportunities in India.
Policy Stability and Transparent Governance
Sitharaman credited the stable government and transparent policy framework for fostering an environment conducive to investment. She emphasized the significance of consistent economic policies, stable taxation, and transparent procurement processes in enhancing the credibility of India’s economy on the global stage.
Investment Inflows
The Finance Minister’s remarks reflect the increasing trend of foreign investment inflows into India. With a conducive business environment and favorable investment climate, India continues to attract significant capital from international markets.
Nirmala Sitharaman’s address at the Times Now Summit 2024 highlights India’s remarkable economic journey and its attractiveness to foreign investors. With sustained growth momentum and a conducive policy environment, India remains well-positioned to capitalize on emerging opportunities and navigate challenges in the global economic landscape.
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