Several favourable factors, including strong macroeconomic fundamentals, a young demographic, and greater reliance on domestic demand, provide core strength to the Indian economy to withstand global spillovers and grow at a higher aspirational trajectory, finance minister Nirmala Sitharaman said on Thursday.

Amidst this uncertain global environment, India’s resilience stands out, she said at a Bank of Maharashtra Maharashtra event in Pune.

Post-COVID, India rebounded strongly, recording an average annual growth of about 8% during 2021-22 to 2024-25, she said, adding that it stood out as the fastest-growing major economy in the world.

“This economic resilience has continued, with India’s GDP growing by 7.8% in the April-June quarter. India’s resilience is not accidental,” she said.

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