New Delhi: India has emerged as one of the fastest-growing major economies in the world and is expected to be one of the top three economic powers globally over the next 10-15 years, Finance Minister Nirmala Sitharaman said on Friday.
Speaking at the US-India Businesses and Investment Opportunities event here, Sitharaman said, the global economic outlook remains challenging and the Indian economy is not insulated from the impact of global economic developments.
CONTINUE READING BELOW
However, she said, India has carved out its growth trajectory supported by the above-normal south-west monsoon, public investment, strong corporate balance sheets, upbeat consumer and business confidence and receding threat of the Covid pandemic.
“India has emerged as one of the fastest-growing major economies in the world. It has recently surpassed the UK to become the fifth-largest economy in the world and is…