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.
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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…
