Union Finance Minister Nirmala Sitharaman on Monday rejected claims that India is a “dead economy”, highlighting the country’s strong growth and improving economic health. Speaking in the Lok Sabha during discussions on supplementary grants for 2025‑26, she presented clear data to show that India’s economy is far from stagnant.
Sitharaman pointed out that India’s GDP grew by 8.2 percent in the latest quarter, well above the global average of 3.2 percent, making India one of the fastest-growing major economies. She said this growth reflects the resilience and dynamism of the Indian economy.
She also cited sovereign credit rating upgrades from international agencies, noting that “no dead economy gets a credit rating upgrade.” These upgrades, she explained, reflect confidence in India’s fiscal policies, strong fundamentals, and stable growth trajectory.
Responding to questions about international ratings, Sitharaman clarified that some IMF assessments were affected by outdated statistical methods, not by weaknesses in the economy. She stressed that India’s overall credit and economic health remain strong, signaling confidence from investors worldwide.
The finance minister also highlighted that the Reserve Bank of India recently raised its GDP growth forecast, showing continued momentum in economic activity. In addition, she noted improvements in India’s debt-to-GDP ratio, which has been gradually declining, indicating stronger fiscal management.
Against a backdrop of global uncertainty and trade pressures, Sitharaman emphasized that India’s progress is backed by real data, not perception. She said ongoing reforms, careful policymaking, and strong macroeconomic fundamentals have helped India sustain growth despite challenges.
Through her statements, Sitharaman aimed to reassure lawmakers, investors, and the public that India remains a dynamic and resilient economy. With solid growth, improving fiscal metrics, and positive global recognition, the country is well-positioned to continue its trajectory of development and maintain its standing among major economies worldwide.
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