While India’s economic performance is credible, there are certain challenges, including geopolitical ones and the advent of artificial intelligence, which may pose a threat to prosperity,' Sitharaman

The upcoming decades will see the steepest rise in living standards for the common man, truly making it a period-defining era for an Indian to live in,” Sitharaman said.

India’s creditable economic performance is evident by “its leapfrog from the 10th to the 5th largest economy in a matter of five years”, the FM said.

Finance minister Nirmala Sitharaman projects a significant rise in living standards for Indians in the coming decades, owing to a predominantly young population and a rising middle class. She emphasizes fiscal discipline,

At the Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman pointed out that it took India 75 years to reach a per capita income of $2,730, but the next increase is expected to happen much quicker.