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FM Nirmala Sitharaman says India likely to sustain 7% economic growth in FY 2026-27

Finance Minister Nirmala Sitharaman projected India's economic growth to sustain at 7% or higher in FY 2026-27 during her address to the Indian diaspora in Chicago. She emphasized India's resilience amid global geopolitical tensions and supply chain disruptions. This forecast aligns with IMF and World Bank projections, reinforcing India's position as the fastest-growing major economy. The statement is significant for exams as it reflects official government growth outlook and macroeconomic confidence.

Source: All India Radio News (official). This summary and analysis are AI-written from that report and are not individually fact-checked — confirm names, dates and figures with the source before you rely on them.

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Key points

Exam-ready takeaways

Finance Minister Nirmala Sitharaman made the growth projection during her US visit

Event location: Chicago, addressing the Indian diaspora

Projected GDP growth rate: 7% or more for Financial Year 2026-27

Context: Despite geopolitical uncertainties and global supply-chain disruptions

Aligns with IMF and World Bank forecasts of India as fastest-growing major economy

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