Global value chain going through disruptive phase: Finance Minister 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.