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India Will Continue To Achieve High Growth Rate In Current And Next FY: FM

The meeting was also attended by governors, alternate governors of Brazil, China, Russia, South Africa and the newly joined members Bangladesh and United Arab Emirates (UAE)

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India’s economic growth in the current financial year has been robust and is estimated to be 8.9 per cent which is the highest among all large economies, said Union Finance Minister Nirmala Sitharaman during the 7th annual meeting of the board of governors of the New Development Bank. 

She said that this reflects India’s strong resilience and speedy recovery. India will continue to achieve a high growth rate in the current and next financial years.

The Finance Minister, in her statement, underscored the importance of multilateralism and the spirit of global cooperation for economic recovery. Sitharaman acknowledged that the NDB has successfully established itself as a reliable development partner for emerging market economies.

While acknowledging the NDB’s achievements and progress made over the last six years, Sitharaman highlighted that the bank has demonstrated strong results within its core mandate.

She stated that NDB will play a significant and meaningful role in the development journey of its member countries in the decades to come.