India’s economy 'fastest growing' in last three financial years, says FM Sitharaman

India’s economy has grown at the fastest pace in the last three financial years, Finance Minister Nirmala Sitharaman said, during an event in the national capital on Tuesday, April 16.

The pace of growth can continue in the coming years as well, Sitharaman stressed. Speaking about the economy’s performance in the recently concluded fiscal year, the finance minister said the gross domestic product has grown at around 8% in the first three quarters, and a similar rate of growth is expected in the final quarter of the fiscal.

‘Next 25 years critical’

"India has been the fastest growing economy in the last three consecutive financial years and this growth can continue in the coming years as well. The next 25 years will be very critical for India," Sitharaman said in a dialogue programme with industrialists and businessmen.

She said that foreign investors are coming to invest in India due to the credibility of its economy.

"Due to the economic policy, larger macroeconomic stability, stable government, stable taxation policy, transparent tenders and procurement, there has been immense credibility of India's economy abroad. So, the investors are coming here to invest," she said.

With PTI inputs