Finance Minister Nirmala Sitharaman emphasized the need to reduce borrowing costs in order to promote industrial growth and capacity building. During her speech at the 11th SBI Banking and Economics Conclave, she expressed concern over the high borrowing costs faced by businesses and urged banks to lower interest rates to make loans more accessible. This initiative is specifically aimed at supporting the expansion efforts of small and medium enterprises (SMEs).

Sitharaman also addressed the issue of inflation, particularly the impact of rising vegetable prices such as tomatoes, onions, and potatoes. She assured that the government is implementing measures to manage supply shortages and mitigate price volatility, including improving storage facilities and the palm oil mission. These actions are part of a broader strategy to stabilize the economy and provide support to businesses during the ongoing economic challenges.