Union Finance minister nirmala sitharaman said on saturday that despite global uncertainties, maintaining sustainable development of the country and promoting significant public capital expenditure to maintain the pace of economic growth are among her priorities. Her statement is very important in the sense that the indian economy has grown at a pace of 6.5 percent during the financial year 2025. This pace of the economy is the lowest in the last four years. If compared to the previous financial year 2023-24, then the economic pace was 9.2 percent.
Focus on GDP growth amid challenges
In the Economic Survey, the country's GDP is estimated to remain between 6.3 percent to 6.8 percent during the financial year 2025-26. However, the reserve bank of india has reduced its forecast of the country's GDP pace from 6.7 percent to 6.5 percent for the current financial year.
During a book release program, nirmala sitharaman said that maintaining the pace of the country is the priority. Development is at the top, so it will also have a direct connection with employment. She further said that maintaining India's relevance despite global challenges, remaining in a leadership position and moving forward together with other countries are among our other priorities. Along with this, Nirmala said that redefining the voice of the Global South will also be our priority.
Public capital expenditure is an important factor for growth
Nirmala said that public capital expenditure is very important for sustainable development. She said that when capital expenditure increases continuously, then employment, construction and private investment get a boost. All these together make sustainable economic development possible. She said that another focus area to increase the pace of development is an attractive foreign direct investment policy. This can bring more and more investment to India. Apart from this, healthy competition among the states to attract investment is also a good sign.
Regarding bilateral trade agreements, Sitharaman said that such agreements are on priority over multilateral trade agreements. She said, "On the bilateral trade front, we are moving ahead and we have signed bilateral agreements with Australia, uae and UK in the last four-five years. Negotiations with the US and the european union are also progressing well."
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