Try GOLD - Free
Growth over last decade has been broad-based: FM
Financial Express Mumbai
|December 16, 2025
ACTUAL HOUSEHOLD CONSUMPTION data point to a decisive shift in India's growth trajectory, with the bottom 40% (B40) of the population accumulating wealth and assets far faster than the top 20% (T20), driving a sharp compression in inequality, Finance Minister Nirmala Sitharaman said on Monday.
Replying to the debate on the government's first supplementary demand for grants for net additional spending of ₹41,455 crore in 2025-26, she said the decline in asset gaps is especially pronounced in urban India, where disparities in ownership of motor vehicles and refrigerators have narrowed dramatically.
This story is from the December 16, 2025 edition of Financial Express Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Mumbai
Financial Express Mumbai
RIL, ONGC may gain from US move on Venezuelan oil
INDIAN UPSTREAM PLAYERS such as Reliance Industries (RIL) and ONGC could benefit from the US takeover of Venezuela's oil industry, brokerages and rating firms said on Monday.
2 mins
January 06, 2026
Financial Express Mumbai
Margin funding at new high despite tepid market show
Volumes touch ₹1.17 lakh cr in Dec 2025
2 mins
January 06, 2026
Financial Express Mumbai
Further tariff hike by US on India may hit exports
ANY MOVE BY the US to further increase tariffs or import duties on Indian goods could severely impact the country's exports to Washington, experts said.
1 mins
January 06, 2026
Financial Express Mumbai
Experts see conservative tax targets for next fiscal
AS THE UNION Budget for FY27 approaches, tax experts foresee the government adopting a realistic-yet-cautious approach while setting tax collection targets.
1 mins
January 06, 2026
Financial Express Mumbai
Trump renews tariff threat
CAN RAISE TARIFFS ON INDIA 'VERY QUICKLY', SAYS US PRESIDENT
3 mins
January 06, 2026
Financial Express Mumbai
'Plan to invest ₹40K cr in clean energy by 2030'
EAAA Alternatives (Edelweiss Alternatives) is looking to invest ₹ 40,000 crore in clean energy by 2030 through its India Energy Transition Fund.
1 mins
January 06, 2026
Financial Express Mumbai
Early winter chills sale of ACs, fridges ahead of new norms
Demand for heating appliances zooms
2 mins
January 06, 2026
Financial Express Mumbai
Trump now has his very own oil empire
LET'S DO THE math. Start with the oil production of the US and add Canada. Then include Venezuela and the rest of Latin America.
3 mins
January 06, 2026
Financial Express Mumbai
Foxconn Q4 revenue jumps 22% on AI demand surge
THE world's largest contract electronics maker, reported record fourth-quarter revenue on Monday, driven by strong demand for artificial intelligence products.
1 min
January 06, 2026
Financial Express Mumbai
IDBI Bank sale may spill over to next financial year
Non-debt capital receipts may face a shortfall
2 mins
January 06, 2026
Listen
Translate
Change font size