Union Finance Minister Highlights India's Exceptional Economic Growth Trajectory

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The Finance Minister expressed confidence that India will sustain its rapid economic growth in the forthcoming years!

Finance Minister Confident: India to Maintain Rapid Economic Growth in Coming Years!

During an address in Jaipur, Union Finance Minister Nirmala Sitharaman highlighted that over the past three financial years, India has exhibited the world's highest economic growth rate, a trend expected to persist. 

Emphasizing the significance of the next 25 years for India, Sitharaman conveyed this optimism at the 'Industrial and Business Dialogue.' She remarked, "The next 25 years are going to be very important for India."

Finance Minister Projects Continued Economic Prosperity for India

With growth rates exceeding 8 percent in every quarter, the Finance Minister remarked on the consistent economic performance throughout the financial year 2023-24. 

Anticipating a continuation of this trajectory into the fourth quarter, she asserted, "The average growth rate in 2023-24 will remain at that level." This sustained growth, she added, underscores India's status as the world's fastest-growing economy for the past three years and the potential to maintain this position in the future.

Attributing this economic success to prudent economic policies, macroeconomic stability, consistent government, transparent tax policies, and procurement procedures, Sitharaman underscored India's growing credibility and attractiveness to foreign investors. Prior to her remarks in Jaipur, she conducted election meetings in Haryana and Amer.

Contrastingly, Gorinches noted that while the American economy has surpassed its pre-pandemic levels, low-income developing countries, still grappling with pandemic fallout and rising living costs, are likely to endure the most significant challenges.

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