Union Home and Cooperation Minister Amit Shah said on Thursday at the Financial Express Best Banks Awards in Mumbai that Indian banks should move beyond mere growth and focus on scaling up to rank among the world’s top 10 banks
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Financial Inclusion Drives India’s Strong Economic Growth say Amit Shah
According to Shah, financial inclusion played a crucial role in helping India withstand global economic challenges. While major countries face sluggish growth of 1–2%, India maintains a robust 7–8% growth rate. Developed nations see stagnation, and many developing countries struggle with high debt, yet India stands out as a global economic bright spot.
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Modi Government’s Reforms Fuel Inclusive and Recognized Growth
Shah highlighted that the Modi government’s combination of structural reforms, process reforms, the digital revolution, and welfare schemes has driven inclusive growth. These measures have drawn global recognition, with analysts acknowledging India’s remarkable economic progress. The strategic reforms have positioned India as a resilient economy, attracting attention for its sustainable growth trajectory and long-term development prospects.
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