India, April 25 -- Domestic consumption is sustaining the growth momentum in the economy, and predictable policy support is essential to ensure that the pace of GDP expansion continues, Union Finance Minister Nirmala Sitharaman said on Friday.

Speaking at an event organised by SBI, Sitharaman also said that a committee of bankers is looking into the issue of whether to allow exclusive distribution tie-ups for selling third-party products by banks or adopt an open architecture approach. She also urged banks to focus on the physical contact with customers as they go global and digital.

The minister further said that the disinvestment process of IDBI Bank will continue going ahead.

"...Consumption emerging out of its domestic market itsel...