“Cannot have regulations that stifle businesses, need to remove such hurdles with ‘magic wand’ every year,” said Finance Minister Sitharaman.
“India sustains growth momentum as fastest growing economy for fourth year in a row,” said Finance Minister Nirmala Sitharaman. The Union Minister added that the country’s manufacturing activity has been good during fourth quarter.
In her 2025-26 Budget speech, the minister had announced that a high-level committee for regulatory reforms will be set up for a review of all non-financial sector regulations, certifications, licences, and permissions.
“India is sustaining this growth as the fastest growing economy now for the fourth year continuously without a break, thanks to the work of small and medium, large industries, which are coming in and making sure our manufacturing capacity, our service capacity are all intact. Agriculture has also sustained us even during the Covid and subsequently,” Sitharaman said.
