India’s economic growth Stands at 8.9% this FY: FM Sitharaman at NDB annual meet | Latest News India

Finance Minister Nirmala Sitharaman said India’s economic growth is robust in the current financial year and is estimated at 8.9%, the highest of all major economies.

New DelhiIndia’s economic growth is estimated at 8.9% in the current fiscal year, the highest among major economies, Finance Minister Nirmala Sitharaman told the 7th Annual Meeting of the Board of Governors of the New Development Bank (NDB).

“India is celebrating its 75th year of independence this year,” the finance minister said in a statement. Has released.

“India will continue to achieve high growth rates in the current and next financial year,” Sitaraman said.

The Finance Minister said that India has shown “strong resilience and rapid recovery” in the post-epidemic setup.

He emphasized the development of innovative financial products and services and promoted strategic investments. According to the finance minister, these are crucial to maximizing the development impact.

Considering the ongoing epidemic, India has virtually hosted the event. The theme of this year’s annual meeting was ‘NDB: Optimizing Development Impact’. “The bank has successfully established itself as a trusted development partner for emerging market economies,” he highlighted.

Recognizing the progress made in establishing NDB’s regional office in India, he said it would play a crucial role in the development of the Bank’s Member States in the coming decades.

The NDB was established in 2015 with the goal of mobilizing resources for sustainable and infrastructure development in BRICS countries and other developing and market economies.

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