Finance Minister pitches India's reform-led growth story to US Investors
India remains the world's fastest-growing major economy, achieving 7.8% growth in Q1 FY27. The finance minister highlighted government focus on capital assets and MSME credit availability. Reforms like the Insolvency and Bankruptcy Code ensure regulatory certainty for businesses. India's investment climate has improved significantly, attracting greater investor interest. These efforts align with…
Finance Minister Nirmala Sitharaman highlighted India's rapid economic growth of 7.8% in the first quarter of FY27 during a high-level business roundtable in New York. Despite global disruptions, the Indian government has focused on key areas such as creating capital assets, advancing AI and data centers, ensuring credit availability for MSMEs, and reducing non-performing assets of banks.
Sitharaman emphasized the government's commitment to fiscal prudence and discipline, even amidst ongoing global economic challenges since the onset of COVID-19.
Other measures to support industry growth include infrastructure development, particularly in aviation, fostering a conducive investment climate, and supporting global capability centres. The finance ministry also noted India's consistent commitment to regulatory certainty through reforms like the Insolvency and Bankruptcy Code, which have contributed to ease of compliance and reduced paperwork.
Sitharaman highlighted the improved investment climate in India, with both central and state governments demonstrating keenness and competitiveness in attracting investments across regions.
These efforts are part of the broader national endeavor to achieve the vision of Viksit Bharat 2047.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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