India's resilience built over past decade, structural autonomy key to future: Nirmala Sitharaman
She said India’s R&D spending is 0.83% of GDP and urged businesses to expand investment as global uncertainty remains a standing condition.
- On Saturday, Union Finance Minister Nirmala Sitharaman addressed the 5th Kautilya Economic Conclave in New Delhi, emphasizing India's economic resilience built over the past decade through fiscal prudence, infrastructure creation, and sustained policy reforms.
- Sitharaman noted this resilience was built "layer by layer" since 2014, highlighting foundational initiatives including the Jan Dhan-Aadhaar-Mobile trinity, Direct Benefit Transfer, and welfare schemes like Swachh Bharat, Ujjwala, and Ayushman Bharat.
- India navigated recent shocks with intact fundamentals, the Finance Minister citing 7.8 per cent real GDP growth in Q1 FY27, 4.82 per cent August 2026 CPI inflation, and foreign exchange reserves of about USD 766 billion.
- The Finance Minister urged the private sector to drive investments in Research & Development, noting India's 0.83% of GDP expenditure remains significantly lower than the OECD average of 2.7%.
- Citing Kautilya's Arthashastra, Sitharaman emphasized sound public finances provide the State freedom to act when conditions deteriorate, while advocating strategic autonomy through initiatives like the India Semiconductor Mission 2.0.
16 Articles
16 Articles
Building economic resilience is a continuous process, not a one-time exercise: FM Sitharaman
FM also noted that the flexible inflation targeting framework, introduced in 2016, anchors expectations. “Continuous monitoring of prices, arrivals, stocks and crop conditions, together with buffers financed through the Price Stabilisation Fund, supports timely intervention.”
India weathered global shocks, retained policy space to respond: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said India's economic resilience was built through fiscal prudence, infrastructure and banking reforms. She cited 7.8% Q1 FY27 GDP growth and $766 billion forex reserves, while calling for strategic resource security and more private investment.
The Economic Times
Times of IndiaIndia's resilience built over past decade, structural autonomy key to future: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Saturday said India's economic resilience has been built consciously over the past decade through fiscal prudence, infrastructure creation, banking reforms, last-mile delivery and sustained reforms, while stressing the need for greater strategic autonomy and preparedness to deal with emerging global challenges.
“Geography Has Returned to the Centre of the Economic Table Amid Rising Global Uncertainty”: PK Mishra
Get latest articles and stories on India at LatestLY. He observed that geography, which technology was once thought to have made less relevant, has returned to the centre of economic decision-making. India News | “Geography Has Returned to the Centre of the Economic Table Amid Rising Global Uncertainty”: PK Mishra.
Coverage Details
Bias Distribution
- 62% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
