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ANIFinance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Thursday highlighted that the global value chain is going through a disruptive phase amid developing technology and innovation. She further stated that global headwinds becoming prominent in the modern world as global institutions are fading.Speaking on government's contributions, Sitharaman asserted that governemtn capex has increased significantly over the past decade with infrastructure creation as key focus."Taken countless path-breaking reform measures to improve ease of doing business since 2014" Sitharaman said at 12th SBI Banking and Economics Conclave 2025. Speaking on banks' contribution to the economy, Sitharaman said, "Banks must deepen and widen credit flow to productive sectors to promote growth." Further, she also said that India needs a lot of big and world-class banks and the government is in talks with Reserve Bank and lenders in this regard.She urged lenders to deepen and widen credit flow to the industry, exuding confidence that GST rate cut-driven demand would unleash a virtuous investment cycle.Live EventsAdd as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onglobal value chainfinance ministernirmala sitharamanSitharamantechnology and innovationaatmanirbhar bharatease of doing businesssbi (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onglobal value chainfinance ministernirmala sitharamanSitharamantechnology and innovationaatmanirbhar bharatease of doing businesssbi(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories
