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India's 7.8% Growth Despite Global Disruptions Remarkable: FM Sitharaman at Investors Meet in US

She cited 7.8% growth in the first quarter of 2026-27 and said reforms have eased compliance and improved regulatory certainty.

  • On Wednesday, Union Minister for Finance & Corporate Affairs Nirmala Sitharaman pitched India's growth story to investors in New York, highlighting the country's "remarkable growth" of 7.8 per cent in the first quarter of fiscal year 2026-27.
  • Under the guidance of Prime Minister Narendra Modi, the government has prioritized regulatory certainty through reforms like the Insolvency and Bankruptcy Code, which have streamlined compliance and reduced paperwork for businesses.
  • Addressing industry needs, the Finance Minister detailed a focus on creating capital assets and infrastructure, particularly aviation, while ensuring credit availability for MSMEs and reducing NPAs within the banking sector.
  • Ambassador to the United States Vinay Kwatra stated that the GDP figures manifest the resilience of the Indian economy, emphasizing that the two countries could benefit from stronger trade and investment linkages.
  • Sitharaman reaffirmed India's commitment to fiscal discipline despite global challenges since the onset of COVID-19, with such efforts supporting the broader vision of Viksit Bharat 2047, the Finance Ministry noted.
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New York, Sep 3 (IANS), Union Finance Minister Nirmala Sitharaman mentioned India's reform-driven growth in front of investors in a high-level business round table in New York. He gave India 7 in the first quarter of 2026-27.

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Greater Kashmir broke the news on Thursday, September 3, 2026.
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