The latest Economic Survey had estimated India's GDP growth in the range of 6.3-6.8 per cent for FY26
"Finance secretary and secretary DEA Ajay Seth shall represent India in the absence of FM," a senior finance ministry official said
Sitharaman arrived in the US on Sunday for a six-day visit, after which she was scheduled to travel to Peru for a five-day trip
Speaking at the Stanford University, the FM flagged a threefold increase in trade restrictions since 2019 with both advanced and emerging economies striving to protect domestic production and jobs
Last two Union Budgets have laid the groundwork for this transformation, with a clear multi-sectoral policy agenda, she said, while speaking at Hoover Institution at Stanford University California
Sitharaman arrived in San Francisco Sunday as she began her 11-day trip to the US and Peru with an interaction with the Indian diaspora in the Californian city
Sitharaman's comment comes at a time when forecasting agencies have pared down their FY26 growth estimates for India amid growing global uncertainty
US President Donald Trump and Prime Minister Narendra Modi agreed to launch talks for a bilateral trade deal amid the lurking fear of reciprocal tariff being imposed by Washington
Addressing the Indian diaspora in San Francisco, Finance Minister Nirmala Sitharaman said the issue of reciprocal tariff is part of a broader trade negotiation strategy
She will participate in an event featuring the Indian diaspora in San Francisco and interact with the Indian community settled there
As part of the US visit, she would land in San Francisco to deliver a keynote address at the Hoover Institution at the Stanford University on April 20
According to sources, the Finance Minister is scheduled to hold a meeting with RRBs and review various issues including consolidation
Speaking at the 150th anniversary celebration of the BSE, Sitharaman acknowledged the risks posed by "tariff wars" but expressed confidence in India's resilient economy
MSME lending target for PSBs raised 19.5%
The finance minister praised the resilience of India's financial markets amid global uncertainties and commended the growing confidence of retail investors
Lays out priority areas like digital tech, infra, RE among others to enhance ties
Stressing that India has the manufacturing base and scale, she said, several Austrian companies have set up capability centres in India to leverage the excellent digital and IT talent in India
Areas for collaboration on defence were also identified, with the finalisation of the India-UK Defence Industrial Roadmap set to strengthen ties
The FM is currently in the UK for the 13th Economic and Financial Dialogue between the two countries
Sitharaman in a tweet highlighted decriminalisation and reduction in compliance burden for businesses and individuals among reforms undertaken by the government in the last ten years