Sitharaman

• Finance Minister Nirmala Sitharaman urged institutions to prioritize the responsible adoption of artificial intelligence rather than avoiding the technology. • The Minister stated that faster AI integration requires strict safety, accountability, and the continued use of human oversight to manage risks. • Financial institutions and regulators must now oversee AI deployment to prevent potential harms and reduce reliance on outdated legacy systems.

• Finance Minister Nirmala Sitharaman stated that India is expected to maintain an economic growth rate of 7% or higher for the 2026-27 financial year. • This projection comes despite significant global economic uncertainties and ongoing supply chain disruptions that could impact international trade. • The forecast highlights India's resilience and its position as a fast-growing major economy amidst a volatile global financial landscape.

• Finance Minister Nirmala Sitharaman has confirmed that India's extensive food buffer networks are fully secured to ensure food security. • The treasury is currently monitoring second-round logistics overheads, even as global energy markets experience a recent de-escalation. • India's institutional fiscal planning framework is re-aligning to address a complex combination of domestic and global resource constraints.

• Finance Minister Nirmala Sitharaman announced that India is the fastest-growing major economy, with GDP growth projected to remain robust at 7%. • This economic growth is being driven primarily by strong domestic demand and ongoing structural reforms. • The announcement was made during a summit presided over by French President Emmanuel Macron, which included leaders from G7 nations, Brazil, China, Kenya, South Korea, and the IMF.