{
  "id": 4408135,
  "title": "India’s growth to stay at 7% despite global uncertainties: Nirmala Sitharaman",
  "url": "https://urgent.news/2026/08/30/indias-growth-to-stay-at-7-despite-global-uncertainties-nirmala",
  "topic": "world",
  "section": "World",
  "published": "2026-08-30T10:42:12.000Z",
  "source": {
    "name": "Hindustan Times",
    "slug": "hindustan-times",
    "url": "https://www.hindustantimes.com/india-news/indias-growth-to-stay-at-7-despite-global-uncertainties-nirmala-sitharaman-101788086533300.html"
  },
  "original_language": "en",
  "account": "India's economy is projected to maintain growth at around 7% despite global uncertainties, Union Finance Minister Nirmala Sitharaman stated during a meeting with the Indian diaspora in Chicago. Sitharaman highlighted that India has \"recovered well\" from the Covid-19 pandemic and managed to sustain growth at 7% or more, even as global uncertainties have increased due to wars, tariff issues, and disruptions in energy and fertiliser supplies through the Strait of Hormuz. According to the Reserve Bank of India (RBI), India's real GDP growth for 2026-27 is projected at 6.7%, an increase of 10 basis points from the June estimate. Sitharaman emphasized that India has managed to stay \"well provisioned\" with fertiliser and energy despite the Hormuz crisis, which threatened to disrupt global supplies of essential commodities. The finance minister said the government has shielded its citizens by procuring fertilisers and ensuring energy availability to every household, even though India imported nearly 80% of its fertiliser requirements through the Hormuz route. Despite the financial burden, the government has managed to keep the cost of fertiliser subsidies low, with a subsidy of ₹2,700 per bag. Sitharaman also spoke about India's commitment to economic reforms, stating that the country is marching towards its fiscal target of bringing borrowing down to 50% of GDP by 2030. She highlighted the importance of bilateral trade and investment cooperation with several economies and accelerating domestic growth through capital investments.",
  "summary": "Finance minister Nirmala Sitharaman said India’s economy will sustain 7% growth despite wars, tariff uncertainty and disruptions to global energy and fertiliser supplies.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}