Finance Minister Nirmala Sitharaman has highlighted India’s reform agenda, economic resilience and investment opportunities during a business roundtable in New York…reports Asian Lite News Desk
Union Finance and Corporate Affairs Minister Nirmala Sitharaman has pitched India’s reform-led growth story to investors in New York, highlighting the country’s 7.8 per cent economic growth in the first quarter of 2026-27 and an improving investment climate.
Addressing a high-level business roundtable organised by the Consulate General of India in association with Bank of America, Sitharaman said India remained the world’s fastest-growing major economy despite continuing global disruptions and economic challenges.
The Ministry of Finance said Sitharaman highlighted a series of reforms introduced by the government, including the Insolvency and Bankruptcy Code. She said the measures had provided greater regulatory certainty, eased compliance requirements and reduced paperwork under the guidance of Prime Minister Narendra Modi.
The Finance Minister also highlighted the government’s focus on creating capital assets and supporting industry through infrastructure development, particularly in the aviation sector.
She said India was also seeking to strengthen its investment environment by promoting artificial intelligence and data centres, supporting global capability centres and ensuring adequate credit availability for micro, small and medium enterprises.
Reducing non-performing assets in the banking sector was another area of focus, Sitharaman said. She argued that the measures had helped create a more enabling business environment for banks and industry to expand and become more resilient.
Sitharaman also reiterated India’s commitment to fiscal prudence and discipline despite the continuing economic challenges that have emerged since the COVID-19 pandemic.
She said the investment climate had improved significantly, with both central and state governments showing greater willingness and competitiveness in attracting and facilitating investment.
The Finance Minister said these efforts formed part of India’s broader ambition to achieve the vision of Viksit Bharat 2047, the government’s long-term development goal.
In his welcome address, India’s Ambassador to the US Vinay Kwatra said the country’s 7.8 per cent first-quarter growth demonstrated the resilience of the Indian economy.
Kwatra said India and the United States could benefit from India’s fast-growing economic trajectory by strengthening trade and investment links between the two countries.
The New York roundtable comes as India continues efforts to attract international capital and deepen economic partnerships while positioning reforms, infrastructure development and emerging technologies as key drivers of future growth.
