India Fastest-Growing Economy for 4th Year

NQM, Launched in April 2023, Aimed to Promote Quantum Tech and Strengthen India's Position in New Sciences

- Manas Pimpalkhare

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.