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Finance Minister Nirmala Sitharaman Highlights India’s Economic Growth and Policies in Lok Sabha

During a discussion on the no-confidence motion in the Lok Sabha, Finance Minister Nirmala Sitharaman emphasized India’s economic progress, stating that the nation has transformed from a fragile economy in 2013 to one of the world’s fastest-growing economies, achieving 7.2% real GDP growth in 2022-23 and projecting a 6.5% expansion in the current fiscal year.

Sitharaman attributed this growth to government policies, even amidst the challenges posed by the Covid pandemic. She contrasted India’s growth with the global economic slowdown and criticized the earlier UPA regimes for unfulfilled slogans.

She highlighted the government’s focus on high growth and low inflation, direct benefit transfer (DBT), and professional banking practices. She also sparred with opposition members, addressing the implementation of AIIMS in Madurai and measures to curb inflation, particularly for tomatoes. The opposition walked out of the House during the discussion.