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Nirmala Sitharaman On GDP: Union Finance Minister Nirmala Sitharaman said on Saturday that despite global uncertainties, promoting important public capital expenses to maintain the sustainable development of the country and maintain the speed of economic growth is one of their priorities. His statement is quite important in this sense because during the financial year 2025, the Indian economy has moved at a speed of 6.5 percent. This speed of the economy is the lowest during the last four years. If compared to its earlier financial year 2023-24, then the economic speed was 9.2 percent.
Focus on GDP growth among challenges
In the Economic Survey, the country’s GDP is expected to remain between 6.3 percent to 6.8 percent during the financial year 2025-26. However, the Reserve Bank of India has reduced its forecast of the country’s GDP speed by 6.7 percent to 6.5 percent for the current financial year.
During a book release program, Nirmala Sitharaman said that it is a priority to maintain the speed of the country. Development is at the top, so it will also have a direct connection with employment. He further said that despite the global challenges, maintaining India’s relevance, remaining in leadership and moving forward with other countries is included in our other priorities. Along with this, Nirmala said that redefining the voice of Global South will also be our priority.
Important factor of public capital expenditure growth
Nirmala said that public capital expenditure is very important for sustainable development. He said that when capital expenditure increases continuously, then employment, construction and private investment are promoted. All these together make sustainable economic development possible.
