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Sitharaman: India Can Achieve Over 10% Growth with Tech & Innovation Push
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Moneycontrol•26-09-2026, 17:15
Sitharaman: India Can Achieve Over 10% Growth with Tech & Innovation Push
- •Union Finance Minister Nirmala Sitharaman expressed confidence that India can achieve economic growth exceeding 10%.
- •Sitharaman emphasized the critical need for greater adoption of technology and innovation across all sectors to reach this growth target.
- •She highlighted the significant contribution of startups since 2015 and stressed overcoming cynicism to recognize positive developments.
- •Technology has made a "spectacular difference" in agriculture, improving productivity and connecting producers to markets through tools like drones and precision mapping.
- •Sitharaman cited the pilot testing of Point-of-Sale (POS) machines for fertilizer distribution to prevent pilferage and inform farmers about optimal usage, addressing soil and water contamination.
Key Questions Answered
Union Finance Minister Nirmala Sitharaman expressed confidence that India can achieve economic growth of more than 10 percent, stressing that it requires greater adoption of technology, innovation across sectors, and a lot more effort from all sides.
Sitharaman highlighted that technological interventions like drones and aerial geospatial instruments are used for precision land mapping, while point-of-sale machines help prevent fertiliser pilferage and guide farmers on optimal quantities based on soil and crop conditions.
India's economy expanded 7.8 percent in the first quarter of FY27 and 7.7 percent in FY26, maintaining its position as the world's fastest-growing major economy despite global headwinds and geopolitical uncertainties.
