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India Fastest-Growing Economy for 4th Year
Mint New Delhi
|May 31, 2025
NQM, Launched in April 2023, Aimed to Promote Quantum Tech and Strengthen India's Position in New Sciences
Finance Minister Nirmala Sitharaman on Friday said India is sustaining its growth and has maintained its position as the world's fastest-growing economy for the fourth straight year.
Speaking at an event at the Indian Institute of Management, Lucknow, Sitharaman said India is no longer just a middle-class market where goods can be dumped, but a market that fosters innovation.
The statement came hours after India recorded a gross domestic product (GDP) growth rate of 7.4% for Q4 FY25 and an overall GDP growth rate of 6.5% for FY25.
The finance minister said all sectors of the economy—services, manufacturing, and agriculture—had contributed immensely to India's growth in FY25.
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