India Boasts Fastest Growth Among Major Economies, Sitharaman Tells Canada

India has emerged as the fastest-growing major economy in the world, offering a unique combination of scale, sustained growth, and rapidly deepening capital markets, said Finance Minister Nirmala Sitharaman during her visit to Canada.

Sitharaman highlighted that Indian investors with a long-term perspective can benefit from India's structural transformation, driven by rapid urbanization, a growing middle class, and world-class digital infrastructure. This transformation is creating new opportunities across various sectors of the economy, she added.

The finance minister also emphasized the role of India's digital ecosystem in enhancing access to financial and commercial services, citing the success of the Unified Payments Interface (UPI) as an example. UPI has become a crucial instrument for financial inclusion, efficiency, and innovation, with significant transaction volumes.