India can achieve over 10% economic growth, says Sitharaman
She said AI, semiconductor and quantum investment will drive growth above 10% and urged stronger support for startups, MSMEs and defence production.
- On Saturday, Union Finance Minister Nirmala Sitharaman told the IIT Madras Alumni Association that India could achieve over 10% economic growth, though she stressed it requires "a lot more effort" from all sectors.
- Responding to questions about India's past inclusion among the "Fragile Five" economies, Sitharaman said the government restored confidence by identifying priority sectors and increasing private participation.
- Technology-Led interventions in agriculture have improved productivity, Sitharaman said, citing drones and point-of-sale machines making a "spectacular difference," while India shifts from importing to exporting defense equipment.
- Addressing foreign perceptions that India "missed the AI bus," the Minister noted that domestic startups are thriving and emphasized the next major infrastructure investments must focus on AI, semiconductor chips, and quantum technology.
- Sitharaman advocated for a positive mindset, calling out "too many naysayers" regarding India's trajectory and urging citizens to "nudge" people to appreciate developments taking place on the ground.
16 Articles
16 Articles
Sitharaman Calls For Major Investment In AI, Semiconductors, Quantum Tech
Union Finance Minister Nirmala Sitharaman has urged significant investment in AI infrastructure, semiconductors, and quantum technology, identifying them as India's next major growth frontiers. Speaking at an IIT Madras Alumni Association event, she emphasized the need to build hardware, skills, and institutional ecosystems to harness these technologies, countering perceptions that India is lagging in AI. Sitharaman also highlighted the potentia…
AI, Semiconductors, Quantum to Drive India’s Next Infrastructure Push: FM Sitharaman
Get latest articles and stories on Business at LatestLY. Artificial intelligence, semiconductors and quantum technology are likely to form the next major area of infrastructure investment for India, Union Finance Minister Nirmala Sitharaman said, while calling for greater investment in AI hardware, training and skills. Business News | AI, Semiconductors, Quantum to Drive India’s Next Infrastructure Push: FM Sitharaman.
The Economic Times
Times of IndiaIndia can achieve over 10% economic growth, says Sitharaman
Nirmala Sitharaman, the Union Finance Minister, radiated confidence in India's economic future, forecasting a growth rate surpassing 10 percent. She stressed the necessity of embracing technology and innovation in all sectors, celebrating the impact of startups since 2015. Furthermore, she emphasized technology's ability to revolutionize agriculture for increased productivity. The minister called upon citizens to nurture a constructive approach …
Viksit Bharat 2047 Tech Growth: Finance Minister Nirmala Sitharaman has claimed that, driven by technology and innovation, India can achieve a growth rate of over 10%, becoming a developed nation by 2047. Learn how the startup ecosystem, drone and geospatial technology in agriculture, POS machines, and UPI-based digital payments are boosting the country's economy.
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