From being labelled one of the 'Fragile Five' in 2013 to now advancing with a ‘five balance sheet advantage’, India’s macroeconomic transformation reflects a decade of structural reform, targeted welfare, and fiscal consolidation. In her latest *Opinion* piece, Finance Minister _Nirmala Sitharaman_ traces how strengthened corporate, bank, household, government, and external balance sheets—backed by reforms like GST, IBC, PLI and a surge in infrastructure investment—have anchored India’s resilience amidst global economic fragmentation and uncertainty. With falling poverty, steady inflation, expanding capital expenditure and improving debt metrics, India’s growth story today is built on stronger fundamentals than ever before. Read the full article by Nirmala Sitharaman: https://mybs.in/2enlULU