Politics & Business
Technology Can Take India's Growth Beyond 10%, Says Sitharaman
CHENNAI: Finance Minister Nirmala Sitharaman said on Saturday that India can grow at more than 10 per cent a year if it puts technology and innovation to work across the economy, setting out an ambition well above any current forecast for the country.
“India can achieve economic growth of more than 10 per cent by leveraging technology and innovation across sectors,” Sitharaman said at a fireside chat organised by the IIT Madras Alumni Association, tying the goal to the government's plan for a developed India, or Viksit Bharat, by 2047.
The remark lands in a week when the official outlook moved up, but only to about 7 per cent. The Asian Development Bank and S&P Global both raised their forecasts for India's growth in 2026-27 to 7 per cent from 6.6 per cent, after the economy expanded 7.8 per cent in the April–June quarter.
