GDP Growth Is Set To Rebound, Slowdown Just Temporary: FM

Highlights of the address

- Rajeev Jayaswal

NEW DELHI: Slowing economic growth is a temporary phenomenon as the Indian economy is set for a "speedy rebound", and the depreciation in the Indian currency is on account of external factors, finance minister Nirmala Sitharaman said in the Lok Sabha while replying to the debate on Union Budget 2025-26, addressing the two issues raised by several members in the course of the discussion.

"In three years prior to 2024-25, the country's GDP growth rate averaged about 8%. Only in two out of last 12 quarters, the growth rate touched 5.4 or remained below it. I want to inform the members that on account of strong economic foundation, a speedy rebound is happening and we shall take measures, which will, going forward, help in keeping our economy growing fastest as before," she added, pointing out that the government's continued emphasis on capital expenditure, and growing private consumption will power growth.