Domestic consumption continues to remain key driver of India’s economic growth: Sitharaman
The government has responded with a targeted package for the US tariff-impacted entities
Union Finance Minister Nirmala Sitharaman has said that domestic consumption continues to remain a key driver of India’s economic growth but sustained momentum will require consistent and predictable policy support. She said ‘consumption emerging out of its domestic market itself is able to sustain our growth, which is the fastest even now in the world.’
She said ‘unless our domestic manufacturing, agricultural growth, tourism, IT and related services sector are given that constant support, predictable support, India's growth story will be difficult to keep up.’ Stating that exports are also important, she appreciated the work of exporters in the last few months amid the setbacks like the US tariffs, wherein they have found newer markets while facing troubles from one.
Talking on policy support to the affected sectors because of the ongoing West Asia conflict, she said the government will see what it can best do and added that things are very dynamic at present, with talks between the US and Iran being on. She also reminded that the government has responded with a targeted package for the US tariff-impacted entities.

