Gujarat contributes over 8.3% to national GDP: FM Sitharaman

by IANS |

Ahmedabad, April 20 (IANS) Finance Minister Nirmala Sitharaman was in Ahmedabad on Saturday where she delved into the government's transformative economic policies. She recalled the pre-2014 era of double-digit inflation and businesses relocating overseas, issues which have been effectively addressed by the current administration.

"The RBI now views the twin balance sheet problem as a positive turnaround, symbolizing our successful economic strategies," Sitharaman stated.

The Finance Minister was addressing an event hosted by the Gujarat Chamber of Commerce and Industry (GCCI), and the Western India Regional Council of the Institute of Chartered Accountants of India (ICAI), Ahmedabad Chapter, on the theme 'Samvaad – Viksit Bharat @ 2047'.

Highlighting Gujarat's significant contributions, Sitharaman spoke on the state's strategic role in attracting investments and its leadership in sectors such as textiles, chemicals, semiconductors and aerospace, placing it at the forefront of India’s economic expansion. "With only 5% of the nation's land mass, Gujarat astonishingly contributes over 8.3% to the national GDP," she noted, showcasing the state's impressive economic impact.

The FM also visited the BJP's office in the city to meet party members.

She emphasized the resilience of Indian banks following the global upheaval caused by the COVID-19 pandemic, contrasting sharply with the international banks' struggles. "Our banks have shown remarkable strength and the successful resolution of banking issues and mergers underscores the solidity of India’s financial infrastructure," she said.

Latest News
UP man killed during birthday bash, family alleges murder Wed, May 29, 2024, 11:31 AM
Results of LS polls to impact future prospects of leaders of all three political fronts in Kerala Wed, May 29, 2024, 11:25 AM
Heavy rains, landslide leave trail of destruction across northeast India, 36 dead in 4 states Wed, May 29, 2024, 11:23 AM
Heat stroke claims 3 more lives in Jaipur Wed, May 29, 2024, 11:22 AM
'A non issue', Odisha CM reacts to BJP's jibe over 'controlling hand' after video with Pandian goes viral Wed, May 29, 2024, 11:12 AM
Rajasthan: Hospital's registration cancelled after doc removes wrong kidney Wed, May 29, 2024, 11:10 AM
Mani Shankar Aiyar stirs new row by terming 1962 Chinese invasion 'alleged', BJP hits out at Congress Wed, May 29, 2024, 11:07 AM
Sizzling Rajasthan: Churu breaches 50-degree C mark, Pilani reels at 49-degree C Wed, May 29, 2024, 11:06 AM
Mumbai court sentences two convicted of killing woman colleague to life terms Wed, May 29, 2024, 11:05 AM
Bomb threat for IndiGo flight at Delhi airport turns out to be hoax Tue, May 28, 2024, 02:08 PM
Adani Enterprises Ltd to raise Rs 16,600 crore to expand biz Tue, May 28, 2024, 02:00 PM
NTR dedicated life for glory of Telugu people: Chandrababu Naidu Tue, May 28, 2024, 01:58 PM
Senior SP leader inches closer to BJP; praises PM Modi, Amit Shah Tue, May 28, 2024, 01:56 PM
Sex scandal: SIT to decide on arrest of JD(S) MP Prajwal upon arrival, says Ktaka HM Tue, May 28, 2024, 01:54 PM
ITC's Hotel Group expands in Rajasthan with 'Mementos Jaipur' Mon, May 27, 2024, 04:55 PM