Finance Minister Nirmala Sitharaman has pitched for India’s reform-led growth story to investors at a high-level business roundtable in New York, highlighting the country’s 7.8 per cent economic growth in the first quarter of 2026-27 and improved investment climate.

 

Addressing the roundtable organised by the Consulate General of India in association with Bank of America, Ms 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.

 

Moreover, she 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.

 

The Finance Minister also said the government has focused on creating capital assets and supporting industry through infrastructure development, particularly in aviation, while also fostering a conducive investment climate, the ministry said.

 

Other focus areas include 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, she said.

 

Ms Sitharaman also reiterated India’s commitment to fiscal prudence and discipline despite continuing challenges facing the global economy since the onset of the COVID-19 pandemic.