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Indian Economy & Business: Key Developments (November 4-5, 2025)

November 05, 2025

India's Finance Minister Nirmala Sitharaman reiterated the country's swift progress towards becoming the world's third-largest economy, citing robust economic strength and inclusive growth that has lifted millions out of poverty. The festive season witnessed record consumer spending of US$ 67.6 billion, boosted by GST cuts. While Indian stock markets remained closed on November 5th for Guru Nanak Jayanti, the previous day saw a market downturn amidst Q2 FY26 earnings announcements from major companies like SBI, Adani Enterprises, Bharti Airtel, and Titan, many of whom reported strong results. The IPO market continues to boom, though concerns about valuations persist.

Question 1 of 17

According to Finance Minister Nirmala Sitharaman, what is India's ambitious economic goal regarding its global ranking?

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