Key Points
New Delhi: Finance minister Nirmala Sitharaman on Monday said India is poised to sustain its high growth trajectory and boost its contribution to global growth, as she called on a large group of American pension funds and institutional investors to take advantage of the country's enormous opportunities...
At the current expansion rate, India is likely to become the world's third-largest economy by 2027, the minister said, underscoring the country's "determination to not just contribute to but also determine the shape and direction of global recovery, while redefining its own place in the global economic order", the finance ministry said in a post on X (formerly Twitter)...
"The roundtable is being attended by various pension funds and other institutional investors and fund managers across USA, forming one of the largest financial systems in the world in terms of total assets under management," the ministry said.. Sitharaman said the National Investment and Infrastructure Fund (NIIF) is coming up with a host of new funds, such as the Private Markets Fund II, US-India Green Transition Fund and the Master Fund II, which provide "exciting opportunities for long term investment and returns"...
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