Nirmala Sitarman on India’s Economic Roadmap: Fiscal consolidation, development strategies and global challenges. Bharat News

New Delhi: Union Finance Minister Nirmala sitarman Fraud in India’s economic trajectory, fiscal policies and major government initiatives on Sunday Budget A day ago.
Sitarman confirmed the Center’s commitment to fiscal consolidation, ensuring economic development, infrastructure expansion and regional support. While resolving global economic challenges, he expanded detailed strategies to navigate uncertainties and maintain speed.
The Finance Minister said that the purpose of the new tax regime is to provide relief to taxpayers across the board. “This tax proposal will have more money in the hands of people. When people have money in their hands, they decide whether they want them to spend it completely or from it Spend something and also make sure that they save some more amount from it, “he said. The minister said that the slab was designed to flow smoothly and approximately, which led to more straight taxation for the citizens.

In an interview to news agency PTI, Sitharaman It has been said that India remains the fastest growing major economy, which is inspired by strong domestic consumption and government -led capital expenditure. Despite the global uncertainties, he emphasized that India is well deployed to maintain its development trajectory.
He exposed the fiscal conscience as a priority, aiming to reduce the fiscal deficit of GDP less than 4.5% of GDP by 2025-26. Balancing capital investment with fiscal discipline is necessary to ensure financial stability by promoting expansion.

Accepting global headwinds such as geopolitical stress, disruption in supply chain and inflation pressure, Sitarman stressed that India’s diverse economy and policy measures have helped in cushion external shaking. He said that despite slowing the global trade, India’s exports remain flexible, with efforts to strengthen trade participation and reduce dependence on specific markets.

Sitarman defended India’s fiscal discipline and commitment to a decrease for deficiency, saying, “Despite all these (challenges), we have shown a commitment and followed the commitment to the last word as the fiscal deficit and glide paths The connection of which we should follow, we do not have a year to fulfill our commitment).
He admitted that India had to borrow more during the epidemic to meet fiscal needs, but insisted that the government strictly followed the fiscal consolidation goals.

However, Moody’s ratings refused to upgrade India’s sovereign rating. “While we see the government’s constant fiscal discipline and narrow fiscal deficit as a credit positive, we do not expect these reforms or ‘debt ability’ to trigger the government’s constant fiscal discipline and narrow fiscal deficit as a credit positive A sovereign rating upgrade for this time.
Moody’s rate is currently the lowest investment-grade rating on “BAA3” with a stable approach. This suggests that further deductions are required for upgrades for loans and revenue enhancing measures.

In its latest budget, Sitarman set fiscal deficit at 4.8% of the GDP for the current year, aligning with previous commitments. He underlined a glide path to reduce it in 2025–26, with a long-term target of reducing the loan as a percentage of GDP.
He explained, “To give a long-term perspective equally, we have said that we will manage our debt in such a way that the loan-to-GDP ratio will continuously be reduced as mentioned in an expert committee report.”
Sitarman highlighted that India’s fiscal strategy is different from many advanced economies. “I am not comparing my size with any advanced country. But in the context of theory, cutting the loan to GDP, maintaining fiscal deficit – these are constantly being followed without any negative effects on social welfare schemes, education or health, ”he said.

Infrastructure is a main focus under PM Gati Shakti Pahal. Sitarman confirmed the allocation of significant capital expenditure for roads, railways and ports to increase connectivity and support long -term economic development.
He also highlighted the progress of the National Mudification Pipeline (NMP), given that asset mudification is generating revenue for reinstatement in new projects. Additionally, the government is encouraging public-private participation to attract further investment in major areas.

Sithraman expressed confidence in the stability of the banking sector citing better assets quality and strong credit growth. He said that non-performing assets (NPAs) have declined significantly, and reconstruction measures have strengthened public sector banks.
He insisted that the increase in lending to MSME and corporate sector is important to maintain economic speed. The government -backed credit guarantee schemes have supported small businesses, while the objective of financial sector reforms is to further increase the credit flow.

‘Make in India’ and production-linked incentive (PLI) schemes carry forward industrial development. Sitarman highlighted its role in expanding India’s manufacturing sector, especially in electronics, pharmaceuticals and auto components.
India is emerging as a global manufacturing center, which has been motivated to establish more companies with supply chain diversification. Labor reforms and easy-to-business measures continue to attract foreign direct investment (FDI) in major industries.

The Finance Minister reiterated the government’s commitment to farmers, focusing on increasing productivity, ensuring price stability and improving rural infrastructure. He highlighted schemes like PM-Kisan and increased budget allocation for agricultural research and irrigation.
He pointed India’s agricultural sector to agricultural-technical innovations and digital platforms as transforming elements in modernization. The government is actively collaborating with states to increase market linkage and improve farmers’ income.

On taxation, Sitarman assured that reforms would continue to increase transparency and compliance. The Goods and Services Tax (GST) regime has stabilized with a strong collection reflecting stable economic activity.
He said corporate tax deduction has promoted investment, and simplification of tax processes is a priority to encourage entrepreneurship and trade expansion.

Sithraman acknowledged inflation pressure but assured that the government, in coordination reserve Bank of India ,reserve Bank of India), Actively managing value stability. Measures such as low import duties on essential commodities and increase in domestic production are helping control inflation.
He insisted that inflation remains within managed limits, with periodic intervention in food prices to protect consumers from instability.

Sitarman underlined the importance of digitization in India’s economic expansion, cited success Is iFintech innovation, and digital rule. The government is giving priority to Artificial Intelligence (AI), BlockchainAnd data-managed policy for India’s status as a leader in the digital economy.
He also highlighted India’s efforts to strengthen cyber security and data security, ensuring India’s flexibility of digital infrastructure.

Sitarman assured that the government has not compromised on the necessary public expenditure to increase development. “Capital expenditure has not reduced. We follow two cardinal principles: to keep our fiscal deficit under check and borrow only for meaningful capital expenditure, ”he said.
He justified a slight increase in capital expenditure for the next financial year for the next financial year, compared to a revised estimate of Rs 10.18 lakh crore in the current financial year. “The quality of the expenditure is also seen,” he said.
Considering last year, Sitarman admitted that the election -related activities had slowed down capital expenditure. “During that year, the election year, capital expenditure slowed down slightly. Otherwise, my revised estimate would again be closer to the budget estimate, ”he said.