Consumption sustaining growth; predictable support essential for GDP expansion: Finance Minister

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Union Finance Minister Nirmala Sitharaman unveils a commemorative postal stamp marking the inauguration of the new premises of the State Bank of India (SBI) Local Head Office, at Maharashtra Circle, in Kharadi, Pune district. Photo: X@nsitharamanoffc

Domestic consumption is sustaining the growth momentum in the economy, and predictable policy support is essential to ensure that the pace of GDP expansion continues, Union Finance Minister Nirmala Sitharaman said on Friday (April 24, 2026).

Speaking at an event organised by SBI , in Pune Ms. Sitharaman also said that a committee of bankers is looking into the issue of whether to allow exclusive distribution tie-ups for selling third-party products by banks or adopt an open architecture approach.

Published - April 24, 2026 03:52 pm IST

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