New Delhi, April 24 -- India remains a bright spot in the global economy despite global headwinds, supply chain shifts, and high interest rates. The next phase will test the ability to responsibly integrate advanced technologies while ensuring security, data protection, and wider access, said M Nagaraju, Secretary, Department of Financial Services (DFS).
Speaking at the PICUP Fintech Conference & Awards organised by FICCI and the Indian Banks Association (IBA), he noted Indias GDP growth rose to 7.6 per cent in 2025 26 from 7.1 per cent in the previous year, while the banking system remains strong with gross NPAs at 2.2 per cent and net NPAs around 0.5 per cent.
Financial Inclusion and Digital Growth
Nagaraju highlighted that fina...