FM Sitharaman Highlights India’s Economic Growth and Opportunities in Upcoming Visits to the US and Peru

New Delhi: Union Finance Minister Nirmala Sitharaman is heading to the US and Peru from April 20 for important discussions about India’s economy and trade. This visit aims to promote a bilateral trade agreement with the US.

In the US, she’ll be in San Francisco and Washington, DC, until April 25. In San Francisco, Sitharaman will deliver a keynote speech at the Hoover Institution, focusing on the vision for a developed India by 2047. She’ll also engage in a fireside chat.

Sitharaman plans to meet top CEOs from major finance and tech companies during a roundtable discussion, showcasing India as a growing investment opportunity. She’ll also connect with the local Indian community in San Francisco.

Moving on to Washington, DC, the Finance Minister will participate in the Spring Meetings of the International Monetary Fund (IMF) and the World Bank. She’s expected to have meetings with finance leaders from countries like Germany, France, and the US, among others. These discussions will touch on global financial health, sovereign debt, and economic stability.

Her trip to Peru from April 26-30 marks her first official visit there. She aims to enhance trade ties between India and Peru, starting in Lima. Sitharaman will meet with President Dina Boluarte and other key ministers. A significant part of her agenda will be chairing the India-Peru Business Forum to foster business collaboration between the two nations.

This visit comes at a time when India’s GDP growth is projected to be robust. Recent data from the International Monetary Fund suggests that India is one of the fastest-growing major economies, with a growth rate of around 6-7% for the next few years. This economic dynamism serves as a backdrop for Sitharaman’s discussions abroad.

In Peru, she will also meet with Indian business representatives already operating in the country, highlighting the strong presence and potential for Indian companies there. Engaging with the Indian diaspora is also on her agenda, as their contributions to both economies are significant.

Overall, Sitharaman’s visit is not just about meetings; it’s about boosting business ties and showcasing India’s economic promise on the global stage.

For further insights on India’s economic developments, you can check the IMF’s latest World Economic Outlook here.

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