5.4% GDP growth doesn't indicate systemic slowdown: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman asserted that the slower second-quarter growth doesn't signal a systemic slowdown, attributing it to reduced public spending during the election season. She anticipates a rebound in the third quarter and maintains India's position as the fastest-growing major economy for the coming years, despite global economic challenges and climate change impacts.

Dec 7, 2024 - 05:30
5.4% GDP growth doesn't indicate systemic slowdown: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman asserted that the slower second-quarter growth doesn't signal a systemic slowdown, attributing it to reduced public spending during the election season. She anticipates a rebound in the third quarter and maintains India's position as the fastest-growing major economy for the coming years, despite global economic challenges and climate change impacts.