New Delhi: On Tuesday, Finance Minister Nirmala Sitharaman promised additional measures to assist India in maintaining its position as the major economy with the fastest rate of growth in the world.
She also claimed that a “speedy rebound” is in progress following the growth slowdown in the quarter ending in September 2024. Despite significant external challenges, she emphasized that the 2025–2026 budget achieved a delicate balance fiscal prudence and national priorities.
Sitharaman stated, “Our main goals in this budget are (to realise) good growth, secure inclusive development, invigorate private investments, and uplift household sentiments,” in response to a general discussion on the budget in the Lok Sabha.
According to her, the nation’s annual growth rate averaged 8% over the three years leading up to 2024–2025. The pace of expansion has reached the September quarter level of 5.4% or less in two of the previous twelve quarters. Growth in 2025–2026 was projected by the Economic Survey to be 6.3-6.8%. Taking inspiration from the new debt reduction framework introduced by the Centre in the budget, the finance minister called on states to consolidate their debt stocks. She claimed that the framework would give the markets better direction and introduce “greater predictability” regarding the Centre’s debt.
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