India's Finance Minister discusses economic strength and resilience achieved over the past decade through fiscal reforms, infrastructure investment, and improved delivery mechanisms.
Finance Minister Nirmala Sitharaman highlighted the significant advancements in India's economy during her address at the 5th Kautilya economic conclave in New Delhi. The minister emphasized that over the past decade, India's economic strength and resilience have been fortified through fiscal prudence, infrastructure investment, banking reforms, improved delivery mechanisms, and consistent reforms. According to Sitharaman, the government has bolstered national frameworks with the implementation of GST, insolvency and bankruptcy code, and four labor codes.
The minister pointed out that India had successfully navigated the shocks of the past four years while maintaining its economic fundamentals intact. This is evidenced by the 7.8 percent real GDP growth in the first quarter of fiscal year 2026-27.
In terms of infrastructure development, Sitharaman revealed that capital expenditure for this fiscal had been budgeted at 12.22 lakh crore rupees. The national highway network has expanded by about 61 percent since 2014, and the number of operational airports has more than doubled during the same period.
The minister also highlighted various initiatives such as PM MUDRA Yojana, PM Awas Yojana, PM Ujjwala Yojana, Ayushman Bharat, and PM Garib Kalyan Anna Yojana that have fortified citizens' capacity to participate in growth and build resilience against challenges.
Source:
Akashvani News
