India to Remain the Fastest Growing Economy, Says FM

Sitharaman said that food inflation has moderated, even amid economic uncertainty

- Subhash Narayan

India is on course to making a speedy rebound and retaining the tag of the fastest growing economy on account of its strong fundamentals and measures taken by the government, finance minister Nirmala Sitharaman told Parliament on Tuesday.

Replying to the debate on budget proposals for 2025-26 in the Lok Sabha, Sitharaman indicated that consumption boost is evident in the economy as provided by a 7.2% growth rate in private final consumption expenditure in FY25, driven by good demand. This, the finance minister said, has already taken consumption expenditure to 61.8% of nominal GDP, which is the highest since 2002-03.