India's Vision for Long-Term Growth

Finance Minister Nirmala Sitharaman, speaking at Stanford University, California, outlined India's strategy for sustained growth over the next two decades. This strategy is built on bold reforms, enhanced domestic capabilities, and strategic global partnerships.

Structural Reforms and Economic Resilience

Sitharaman highlighted the government's efforts in deregulation and digitization, which have significantly reduced business friction. These reforms, including the rationalization of compliance requirements and the decriminalization of business laws, have positioned India as the world’s fifth-largest economy.

Digital Public Infrastructure: A Global Model

India's Digital Public Infrastructure (DPI) has received international acclaim, especially for its role in streamlining access to financial services and efficient vaccine administration during the pandemic. Over a billion digital identities have been created, showcasing India's population-scale achievements.

Supporting SMEs and Women's Economic Participation

The government has introduced several initiatives to bolster small and medium enterprises (SMEs) and enhance women's economic participation. These include easier credit access, updated classification norms, and specific benefits for women-led enterprises.