Decisive Reforms To Sustain Economic Momentum Despite Global Headwinds: Finance Minister
The RBI, however, cited that elevated energy and other commodity prices, as well as continued supply disruptions arising from the West Asia conflict are likely to weigh on economic activity.
New Delhi: Union finance minister Nirmala Sitharaman on Friday said the government is committed to further drive the ‘reform express’ with decisive policy measures to ensure positive economic momentum amid global challenges. The finance minister’s statement comes after the Reserve Bank of India (RBI) lowered its GDP forecast for FY27 to 6.6 per cent from the 6.9 per cent estimated in April.
The RBI, however, cited that elevated energy and other commodity prices, as well as continued supply disruptions arising from the West Asia conflict are likely to weigh on economic activity. “Our government, led by Hon'ble PM Shri @narendramodi is committed to further drive the 'Reform Express' with decisive policy measures to ensure positive economic momentum amidst the global challenges," Sitharaman said in a post on X.
Notably, it has been observed that manufacturing, trade, repair, hotels, transport, communication & services related to broadcasting, storage and financial, real estate & professional services sectors have attained double-digit growth at both constant and current prices in FY26.
