India's growth trajectory remains strong; govt committed to continued reforms: FM Sitharaman

Finance minister Nirmala Sitharaman on Tuesday said India’s growth trajectory remains strong, underpinned by sound macroeconomic fundamentals and structural reforms implemented over the past decade.

“Our government remains committed to continued reforms, maintaining macroeconomic stability, and ensuring that growth benefits every section of society,” she said.

As India marches toward the goal of emerging as a developed country by 2047, “our approach must be inclusive, sustainable, and innovation-driven, transforming challenges into opportunities for growth”, she said.


The statement comes at a time when the tariffs imposed by the Trump administration on various countries have caused severe trade disruptions across the globe, raising fears of a slowdown in global growth.

The minister delivered the inaugural address during a fireside chat on “Opportunities and Challenges for India’s Quest to Become a Developed Economy by 2047”, at India House in London.

India remains the world's fastest-growing major economy since FY22. It is likely to achieve its projected 6.3-6.8% economic growth in FY26 despite the global tariff war, against an estimated 6.5% in FY25, senior officials have said.

“As we aspire to become a Viksit Bharat by 2047—a developed nation by the centenary of our independence—the path ahead demands innovation, sustained investments, continued reforms and a firm commitment to inclusive growth,” she said.

Sitharaman is on a visit to the UK and Austria from April 8 to 13 to attend ministerial level bilateral meetings in both the countries.

The minister said India’s rise from being the tenth-largest economy to the fifth-largest in just five years is a testament to the Modi government’s prudent macroeconomic policies, reforms, and the resilience of our people.

The Budget for FY26, too, has outlined a clear roadmap, focusing on key priorities, including agricultural productivity, rural development, inclusive growth, manufacturing, MSME support, employment generation, innovation, energy security, and export promotion, she said.

In a bid to spur infrastructure development, the Centre has raised its capital expenditure by 4.3 times from 2017-18 to 2025-26 (Budget estimate), she said.

At the same time, digital initiatives such as UPI, Aadhaar, and the JAM trinity have bolstered financial inclusion, formalised the economy, and enhanced efficiency across sectors, she said.

“The government is addressing concerns posed by challenges of digital revolution through initiatives like Digital Saksharta Abhiyan for digital literacy, Data Protection Laws for privacy and security, and BharatNet for rural connectivity,” she said.