“I’m glad, India’s industry.. the manufacturing activity have all been good during Q4 of 2024-25 and there was a real GDP growth of 7.4 per cent in Q4 alone. As a result, for the entire financial year of 2024-25 (April-March), the real GDP growth was 6.5 per cent,” Nirmala Sitharaman said.
During the fourth quarter of FY’25, manufacturing output grew at 4.8 per cent, as against 11.3 per cent in the same quarter of FY’24.
The services sector expanded 7.3 per cent in the March quarter, while the farm sector growth was 5.4 per cent.
Nirmala Sitharaman said every year the Government is working to remove regulatory difficulties and bring in soft-touch regulation, which will allow people to do business without suspicion.
She said she is open to receiving suggestions for removing hurdles to business in easing regulatory hurdles.
“We are at that part of India’s history where it just requires all of us to have confidence in our country’s abilities and belief that we can definitely deliver that goal.. how long more are we going to say we are a developing country.
“When our own people are going all over the world and working at leadership levels in various sectors. ‘It’s time for all of us to get out of the suspicion that we have in our minds, will India be able to do, will India be able to reach? Yes, we can,” she said.
She said in achieving the goal of becoming a developed nation by 2047, the country needs to come out of the evil of petty corruption.
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