India to become global economic powerhouse: Nirmala Sitharaman

26 Jun 2021 CW Team

Finance Minister Nirmala Sitharaman said that India's rise as a global economic powerhouse is due to macroeconomic stability, infrastructure-led growth opportunities, financial sector reforms, and policy efforts to make it a strong player in global supply chains.

According to a finance ministry statement issued late Thursday night, Sitharaman discussed India's potential for rapid growth and investment opportunities as a result of its wide-ranging reforms, which would position the country as an attractive destination for foreign investors.

India's efforts to combat the Covid-19 pandemic effectively resulted in a significant reduction in new Covid-19 infections in the country. The finance minister joined the roundtable via video conference, which was also attended by foreign investors including Mastercard, MetLife, Prudential, Air Products, Dell, SoftBank, and Warburg Pincus.

The economy entered a technical recession after the 68-day national lockdown. The Indian economy shrank by 24.4% in the first quarter of 2020-21, and by 7.3% in the second quarter.

The Atma Nirbhar Bharat Abhiyan (Self-reliant India Initiative), a Rs 20.97 lakh crore stimulus package, aided a V-shaped recovery. In the third quarter of 2021, the economy grew by 0.5%, and in the fourth quarter, it grew by 1.6%.

Sitharaman informed about moving forward with an overall vision to build a self-reliant modern India guided by five "I"s: intent, inclusion, investment, infrastructure, and innovation.

The Finance Minister stated that the country is committed to a long-term relationship with US investors and proposes meeting twice yearly.

USISPF is a non-profit organisation whose primary goal is to strengthen the bilateral and strategic partnership between India and the US through policy advocacy in the areas of economic growth, entrepreneurship, job creation, and innovation.

Image Source

Also read: India received $64 billion in Foreign Direct Investment in 2020: UN

Also read: FDIs in India rise 19% to $59.64 billion in FY21: Govt data

Finance Minister Nirmala Sitharam, at the US-India Strategic Partnership Forum's (USISPF) Global Investors Roundtable, said that the government's Rs 20 lakh relief and stimulus package aided the Indian economy's rapid recovery following the Covid-19 pandemic. Finance Minister Nirmala Sitharaman said that India's rise as a global economic powerhouse is due to macroeconomic stability, infrastructure-led growth opportunities, financial sector reforms, and policy efforts to make it a strong player in global supply chains. According to a finance ministry statement issued late Thursday night, Sitharaman discussed India's potential for rapid growth and investment opportunities as a result of its wide-ranging reforms, which would position the country as an attractive destination for foreign investors. India's efforts to combat the Covid-19 pandemic effectively resulted in a significant reduction in new Covid-19 infections in the country. The finance minister joined the roundtable via video conference, which was also attended by foreign investors including Mastercard, MetLife, Prudential, Air Products, Dell, SoftBank, and Warburg Pincus. The economy entered a technical recession after the 68-day national lockdown. The Indian economy shrank by 24.4% in the first quarter of 2020-21, and by 7.3% in the second quarter. The Atma Nirbhar Bharat Abhiyan (Self-reliant India Initiative), a Rs 20.97 lakh crore stimulus package, aided a V-shaped recovery. In the third quarter of 2021, the economy grew by 0.5%, and in the fourth quarter, it grew by 1.6%. Sitharaman informed about moving forward with an overall vision to build a self-reliant modern India guided by five Is: intent, inclusion, investment, infrastructure, and innovation. The Finance Minister stated that the country is committed to a long-term relationship with US investors and proposes meeting twice yearly. USISPF is a non-profit organisation whose primary goal is to strengthen the bilateral and strategic partnership between India and the US through policy advocacy in the areas of economic growth, entrepreneurship, job creation, and innovation. Image Source Also read: India received $64 billion in Foreign Direct Investment in 2020: UN Also read: FDIs in India rise 19% to $59.64 billion in FY21: Govt data

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..