San Francisco, April 21 (NationPress) Finance Minister Nirmala Sitharaman stated on Monday that India has emerged as the fastest-growing economy, propelled by the visionary leadership of Prime Minister Narendra Modi and the stability offered by the ongoing government.

While addressing the Indian community in the United States, the Finance Minister remarked, “When we assert that India is the fastest-growing economy and when the IMF and World Bank acknowledge that India can serve as the engine for global trade, they are acknowledging the vast potential that lies within India.”

Discussing the measures to bolster the Indian economy, Sitharaman mentioned, “During the Covid-19 pandemic, our fiscal deficit increased. However, in 2021, we provided a clear indication of how we intended to manage our fiscal deficit. We established year-on-year targets and pledged to reduce the fiscal deficit to below 4.5 percent by 2026. And that is what we have adhered to each year without exception.”

She emphasized that the government’s primary aim under Prime Minister Narendra Modi is to achieve 'Viksit Bharat' by 2047. This vision includes advancements across sectors affecting women, the underprivileged, youth, and farmers.

FM Sitharaman pointed out that India is focusing on 'Sunrise Sectors' and is recognized as a leader in Digital Public Infrastructure, fostering innovation and growth.

She also stated, “Prime Minister Narendra Modi makes it a point during every overseas trip to connect with the Indian diaspora because he believes it is vital for India to engage with each of you who, no matter where you are in the world, strive to contribute to society and stand out as exemplary citizens.”

Sitharaman is on a five-day visit to the United States. Upon her arrival in San Francisco, she was welcomed by Indian Ambassador Vinay Mohan Kwatra.

During her visit, she is expected to deliver a keynote address at Stanford University and engage in discussions with CEOs in San Francisco regarding investments and technological advancements. The itinerary also includes participation in diaspora events, enhancing India’s cultural footprint on a global scale.

In Washington DC, Sitharaman will partake in the IMF and World Bank Spring Meetings, as well as the G20 Finance Ministers and Central Bank Governors meetings. She will also conduct bilateral discussions with counterparts from the US, UK, France, Germany, Saudi Arabia, and other nations, along with senior officials from international financial organizations. After concluding her US visit, Sitharaman will proceed to Peru for a trip from April 26 to 30.