India on track for 8% GDP growth despite tariff shock

Indian Finance Minister Nirmala Sitharaman has reaffirmed India’s economic resilience and growth ambition, declaring that the country remains firmly on track to achieve eight per cent GDP growth despite global turbulence, trade wars, and Washington's latest tariff move targeting Indian exports.

- Issac John [e-mail]

Indian Finance Minister Nirmala Sitharaman speaks at the fourth Kautilya Economic Conclave. — ANI

(ANI)

Speaking recently at the inauguration of the fourth Kautilya Economic Conclave in New Delhi, themed “Seeking Prosperity in Turbulent Times,” the minister said India's strong domestic fundamentals, policy discipline, and structural reforms have equipped the economy to withstand and adapt to shifting global dynamics marked by sanctions, tariffs, and decoupling strategies.

The minister’s upbeat growth projections align with the broad views held by economists that the fourth largest global economy is on course to achieve its goal of becoming a $32 trillion economic powerhouse by 2047, the centenary year of Indian independence.

“Our capacity to absorb shocks is strong, while our economic leverage is evolving,” Sitharaman said. “Our choices will determine whether resilience becomes a foundation for leadership or merely a buffer against uncertainty. History teaches us that crises often precede renewal.”