Sitharaman Touts India as World's Fastest-Growing Economy in Toronto Visit

Finance Minister Nirmala Sitharaman visited Toronto to strengthen bilateral ties between India and Canada. She highlighted that India is the fastest-growing major economy in the world, offering a unique combination of scale, sustained growth, a young population, expanding consumption, and rapidly deepening capital markets.

The Finance Minister emphasized that India's transformation is structural, driven by rapid urbanization, a growing middle class, and world-class digital infrastructure. This development creates new opportunities across virtually every sector of the economy.

Sitharaman noted the significant role of India's digital ecosystem in transforming access to financial and commercial services. She underlined opportunities for collaboration with Canadian banks, fintech companies, and regulators, particularly in payments and shaping the next generation of digital financial infrastructure.