Finance Minister Nirmala Sitharaman said on Saturday that India has navigated global turbulence with its economic fundamentals intact and strengthening.

She cited real GDP growth of 7.8 per cent in the first quarter of FY27, CPI inflation of 4.82 per cent in August 2026, a current account deficit of 0.5 per cent of GDP and forex reserves of about $766 billion.

Sitharaman said the government has budgeted Rs 12.22 lakh crore in capital expenditure for FY27, with effective capex at Rs 17.15 lakh crore, or 4.4 per cent of GDP. She noted the single-year figure nearly matches the total capex of the entire decade from 2004-05 to 2013-14.

Listing the foundations of resilience, she pointed to the Jan Dhan-Aadhaar-Mobile trinity, banking reforms, over 52 crore MUDRA loans, and reform frameworks including GST, the Insolvency and Bankruptcy Code and the four Labour Codes.

She said national highways have expanded about 61 per cent since 2014 and operational airports have more than doubled. Strategic priorities ahead include resource security, open trade and private investment in research.