Addressing the roundtable organised by the Consulate General of India in association with Bank of America, Sitharaman said India continues to be the world’s fastest-growing major economy despite global disruptions and challenges, the Finance Ministry said on X today.
The Finance Minister highlighted a range of reforms, including the Insolvency and Bankruptcy Code, saying these measures have provided greater regulatory certainty, eased compliance and reduced paperwork under the guidance of Prime Minister Narendra Modi.
Sitharaman also said the government has focused on creating capital assets and supporting industry through infrastructure development, particularly in aviation, while fostering a conducive investment climate, the ministry said.
She identified promoting artificial intelligence and data centres, supporting global capability centres, ensuring credit availability to micro, small and medium enterprises and reducing non-performing assets of banks among the other focus areas.
Sitharaman also reiterated India’s commitment to fiscal prudence and discipline despite the continuing challenges facing the global economy since the onset of the COVID-19 pandemic.
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