India’s economic growth will accelerate to at least 7% this year as fundamentals remain robust despite global uncertainties, Finance Minister Nirmala Sitharaman said on Saturday.

“Fundamentals of the economy are strong,” Sitharaman said at the Hindustan Times Leadership Summit in New Delhi, adding that consumer spending was expected to stay resilient, supported by low inflation and recent cuts in goods and services tax rates.

"We saw the growth numbers for the second quarter. I think that will sustain, and overall, this year's growth numbers will be 7 or beyond it as well," she said. Gross domestic product grew 6.5% last fiscal year.

India's economy beat forecasts to grow 8.2% in the three months through September, India's fiscal second quarter, lifted by robust consumer spending and fr

See Full Page