Speaking in the Lok Sabha, Sitharaman said global economic growth is currently around 3.2 per cent, while India recorded an 8.2 per cent growth in the last quarter.
“Global growth today stands at 3.2 per cent. India, on the other hand, grew by 8.2 per cent in the last quarter,” the finance minister said.
Addressing concerns over India’s national accounts, Sitharaman clarified that the International Monetary Fund (IMF) had accorded a ‘C’ grade due to the use of an old base year, not because of weak economic fundamentals.
“The IMF has given a C grade to our national accounts only because the base year is old. It is a technical issue, not a reflection of India’s growth strength,” she told the House.
The finance minister also highlighted that India’s economic expansion has become broad-based over the past decade, spanning multiple sectors.
“Growth has become quite broad-based in the last ten years,” Sitharaman said, adding that structural reforms and sustained investment have helped strengthen the economy.