Govt pushing all levers to sustain high economic growth: FM Sitharaman
Nirmala Sitharaman on Monday said the government is simultaneously “pushing all levers” to sustain the current high growth rate, and the country’s economic prospects for this fiscal have been recognised by multilateral bodies like the International Monetary Fund (IMF) and the World Bank.
India, the minister said, can be a leader in Industrial Revolution 4.0, which is guided by artificial intelligence (AI), machine learning and Big Data & Analytics, thanks to its large young population.
Sitharaman was speaking at an event at St Teresa’s College in Ernakulam, Kerala, her office said in a post on X (formerly Twitter).
Both the IMF and the World Bank have predicted that India will remain the world’s fastest-growing major economy in the current fiscal and the next.
The International Monetary Fund has forecast India’s growth rates for 2024-25 and 2025-26 at 7% and 6.5%, respectively, more than double the global averages.
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