“7.8% Growth Is Not Random”: FM Sitharaman Credits India’s People, Industry And MSMEs

Finance Minister Nirmala Sitharaman credited India’s people, industry and MSMEs for driving the 7.8% Q1 growth, saying the figure is not a random number. She said government policies provide the framework, while the hard work of citizens and businesses is delivering results. Sitharaman also pointed to strong GST collections following last year’s rate reforms and stressed the importance of staying connected with global counterparts amid challenging conditions. Addressing concerns over negative commentary on the Indian economy, she said India faces challenges but must work collectively to address them. She also highlighted policy certainty and the government’s third-term mandate as factors supporting India’s economic outlook.