<h1>India's Economic Growth Resilient Amid Global Recession: Focus on Fiscal Deficit, Current Account, and Subsidy Management.</h1> The Union Finance Minister expressed confidence in India's economic growth despite global recession, citing strong fundamentals like high savings, a growing services sector, and a large middle class. Speaking at the National Development Council meeting, he emphasized the need to reduce the fiscal deficit to 3% over three years through resource augmentation and expenditure control. Measures to curb the Current Account Deficit, including controlling gold imports, were also discussed. He praised states for maintaining a fiscal deficit of 2.1% and encouraged adopting the Direct Benefit Transfer scheme to improve subsidy management, excluding petroleum, food, and fertilizer subsidies initially.