India’s resilience remarkable amid global uncertainty, said Union Finance Minister Nirmala Sitharaman during the 91st Foundation Day celebration of Bank of Maharashtra in Pune. She emphasized that India’s strong macroeconomic fundamentals, youthful demographic, and rising domestic demand have positioned the country to withstand global economic shocks.
India’s resilience remarkable amid global uncertainty is not accidental, she noted. It stems from bold reforms, proactive fiscal and monetary policies, and massive infrastructure development. The Finance Minister highlighted that India recorded an average annual growth rate of 8% between 2021–2025, making it the fastest-growing major economy. In the April–June quarter alone, GDP expanded by 7.8%.
Sitharaman also praised the role of banks in driving innovation and supporting entrepreneurs. She urged financial institutions to treat customer complaints as opportunities to improve and build trust. Public sector banks, she said, are central to India’s economic development and must evolve into customer-centric institutions.
She cited the success of UPI as a global model and stressed that while digitalization is transformative, integrity and empathy remain irreplaceable. The Finance Minister concluded by reaffirming India’s commitment to the vision of Viksit Bharat 2047.
