Finance Minister Nirmala Sitharaman, talking on the Youth Dialogue on Price range 2026-27, highlighted India’s rising contribution to international progress and even cited billionaire tech entrepreneur Elon Musk.
Talking on the occasion, the Finance Minister stated that Musk had referred to Worldwide Financial Fund (IMF) information to notice the size of India’s contribution, stating that China accounts for 26% of worldwide GDP progress whereas India contributes 17%, collectively making up 43% of worldwide progress.
“I’m positive lots of you’re very energetic in social media, you’d have seen. I’m simply quoting this title, not as a result of there’s a specific cause. Elon Musk takes the IMF information to say, ‘wow, is that this true?’ You understand, that sort. I don’t keep in mind what precisely he stated. Wow, he stated, or one thing else he stated,” the Finance Minister stated on the occasion.
She then referred to the figures proven within the broadly shared graphic. “China contributes 26 per cent of the expansion in international GDP. India contributes 17 per cent. Collectively, 43 per cent of worldwide GDP progress comes from these two economies. Did any of you see that tweet? What does that convey?” she requested.
Addressing the political debate at residence, the Finance Minister stated the Opposition should pay attention to India’s growing affect.
“I’ll say this from my aspect within the Parliament, however India’s Opposition must also perceive that that is the type of energy that India has acquired now. Subsequent solely to China. The hole could also be massive, 26 and 17. We’ll bridge it,” she added.
Earlier on Saturday, Elon Musk cited the newest IMF information on international locations driving international progress, noting that India ranks among the many high contributors, forward of the USA, and stated the “stability of energy is altering.”
Musk shared a chart primarily based on the IMF’s January 2026 projections, displaying the highest 10 contributors to international actual GDP progress in 2026. Accompanying the chart, Musk wrote: “The stability of energy is altering.”
In response to the chart, China and India collectively are anticipated to account for 43.6% of worldwide progress, with India contributing 17% and the USA 9.9%.
Musk’s feedback come amid international financial instability and rising commerce tensions, together with tariffs imposed by US President Donald Trump on international locations equivalent to China and India. The chart highlights an obvious eastward shift in international financial energy.
Sitharaman made the remarks whereas interacting with college college students in Parliament after presenting the Union Price range 2026-27. The session in New Delhi included round 30 college students who had noticed the finances proceedings from the Lok Sabha gallery.
Earlier on Sunday, she offered her ninth consecutive Union Price range within the Lok Sabha, outlining infra proposals and initiatives associated to sustainable tourism, which she described as a part of a youth-focused and duty-driven roadmap for the approaching years.
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