Business

India's Economic Surge: A Global Trade Powerhouse Recognized by IMF and World Bank

India's Growth Potential Acknowledged by Global Institutions

Nirmala Sitharaman, the Union Minister for Finance and Corporate Affairs, has highlighted that India's robust growth potential is now being recognized by prestigious institutions such as the World Bank and the International Monetary Fund (IMF). During her visit to the US and Peru, Sitharaman underscored India's pivotal role in bolstering global trade amidst current economic uncertainties.

India's strong growth potential, its role in supporting global trade recognised by World Bank, IMF: Nirmala Sitharaman

Photo: Ministry of Finance

Engaging with the Global Indian Diaspora

Addressing the Indian community in San Francisco, Sitharaman conveyed a message of collaboration and leadership. "India, with its growth potential, alongside China and others, can serve as the engine to propel global trade," she stated, emphasizing the country's capacity to uplift the global economic trend.

Vision for a Developed India by 2047

The minister also shared the government's ambitious vision to transform India into a developed nation, Viksit Bharat, by 2047. Prime Minister Narendra Modi's roadmap focuses on empowering women, the underprivileged, youth, and farmers, alongside a strategic emphasis on emerging sectors like Digital Public Infrastructure (DPI).

India's Strategic Focus on Sunrise Sectors

Sitharaman pointed out India's leadership in DPI and other sunrise sectors as key to enhancing the nation's economic strength and global influence. These areas are seen as crucial for India's future growth and its role on the international stage.