{"id":15738,"date":"2025-09-26T21:07:06","date_gmt":"2025-09-26T21:07:06","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/09\/26\/indias-resilience-stands-out-in-uncertain-global-environment-fm-nirmala-sitharaman-economy-news\/"},"modified":"2025-09-26T21:07:06","modified_gmt":"2025-09-26T21:07:06","slug":"indias-resilience-stands-out-in-uncertain-global-environment-fm-nirmala-sitharaman-economy-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/26\/indias-resilience-stands-out-in-uncertain-global-environment-fm-nirmala-sitharaman-economy-news\/","title":{"rendered":"‘India’s Resilience Stands Out In Uncertain Global Environment’: FM Nirmala Sitharaman | Economy News"},"content":{"rendered":"


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Post-COVID, India has rebounded strongly with average annual growth of around 8% between 2021-22 and 2024-25, says Finance Minister Nirmala Sitharaman.<\/h2>\n
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Finance Minister Nirmala Sitharaman. (File Photo: PTI)<\/p>\n<\/figure>\n

Finance Minister Nirmala Sitharaman has said India\u2019s resilience stands out in an uncertain global environment, with favourable factors such as a young population, strong domestic demand and sound macroeconomic fundamentals driving growth.<\/p>\n

\u201cAmidst this uncertain global environment, India\u2019s resilience stands out. Several favourable factors, such as strong macroeconomic fundamentals, a young demography and greater reliance on domestic demand, provide core strength to the Indian economy to withstand global spillovers and grow at a higher aspirational trajectory,” she said.<\/p>\n

FM Sitharaman was speaking at the 91st Foundation Day of Bank of Maharashtra on Wednesday, September 26.<\/p>\n

She said the country\u2019s economic strength is the result of deliberate policies.<\/p>\n

The minister highlighted that post-COVID, India rebounded strongly with average annual growth of around 8% between 2021-22 and 2024-25, and recently recorded 7.8% GDP growth in the April-June quarter.<\/p>\n

\u201cIndia\u2019s resilience is not accidental. They reflect proactive fiscal and monetary policies, bold structural reforms, massive infrastructure creation, both physical and digital, improved governance and enhanced competitiveness over the last decade,” she added.<\/p>\n

Sitharaman pointed out that global rating agencies have recognised this strength. S&P upgraded India\u2019s sovereign credit rating to BBB from BBB- in August 2025, Morningstar DBRS upgraded it to BBB in May, and Japan\u2019s R&I raised it further to BBB+.<\/p>\n

Turning to the performance of Bank of Maharashtra, she said the lender had outperformed peers with a Return on Assets (RoA) of 1.8% in FY 2024-25, compared to the public sector average of 1.1%. Its Cost to Income Ratio (CIR) of 38.4% was the lowest among PSBs, and its CASA ratio of 53.3% was also the highest. As of June 30, 2025, the bank\u2019s Gross NPA stood at 1.74% and Net NPA at 0.18%, both at multi-year lows.<\/p>\n

The bank\u2019s total business grew 14% year-on-year to Rs 5.46 lakh crore, with deposits crossing Rs 3 lakh crore. Retail advances surged 35% to Rs 71,966 crore, while MSME advances grew by 5.65%. Its financial inclusion drive has helped open 1.21 crore Jan Dhan accounts, enrolled millions under government insurance and pension schemes, and disbursed nearly Rs 33,000 crore under PM-MUDRA loans.<\/p>\n

Sitharaman underlined the critical role of banks in a volatile global landscape.<\/p>\n

\u201cWith uncertainty remaining a defining feature of the global landscape, the role of banks becomes even more critical, not just as custodians of savings, but as engines of growth, providing the finance and support that businesses and entrepreneurs need to navigate volatility, seize opportunities and drive innovation,” she said.<\/p>\n

She urged lenders to prioritise customer trust and grievance redressal.<\/p>\n

\u201cOne principle which we can never forget to adhere is adhering to the core principle of customer trust which is the foundation of banking. Every complaint must be seen as an opportunity to improve, innovate and reinforce trust,” she said.<\/p>\n

On digitalisation, she noted the global recognition of India\u2019s UPI model.<\/p>\n

\u201cA recent IMF note highlights the potential of UPI\u2019s interoperable design as a model for the world. It is, however, important to remember that digitalisation alone is not enough. Integrity, empathy and human judgment remain irreplaceable,” Sitharaman added.<\/p>\n

She concluded by saying that the strong performance of Indian banks reflects the broader strength of the economy.<\/p>\n

(With Inputs from ANI)<\/em><\/strong><\/p>\n

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September 26, 2025, 15:44 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> economy<\/a> ‘India’s Resilience Stands Out In Uncertain Global Environment’: FM Nirmala Sitharaman<\/span><\/div>\n
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Last Updated:September 26, 2025, 15:44 IST Post-COVID, India has rebounded strongly with average annual growth of around 8% between 2021-22 and 2024-25, says Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman. (File Photo: PTI) Finance Minister Nirmala Sitharaman has said India\u2019s resilience stands out in an uncertain global environment, with favourable factors such as a…<\/p>\n","protected":false},"author":1,"featured_media":4318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-15738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/15738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=15738"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/15738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/4318"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=15738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=15738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=15738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}