The world has recognised India as a bright star as the country is recording healthy economic growth despite global uncertainties, Finance Minister Nirmala Sitharaman said on Wednesday.

India's growth at 7 per cent in the current fiscal is the highest among major economies and the Indian economy is on the right track, she said in her Budget speech.

Read: Live Budget 2023-24 updates

In the 75th year of Independence, the world has recognised India as a bright star, the minister said, adding the world appreciates India's achievements.

The economy is pegged to grow by 7 per cent in FY23 (2022-23) and 6.5 per cent (6.0-6.8 per cent) in FY24 as the global environment remains rife with uncertainty.

Vote now: Budget 2023: Will the new Income Tax rate slabs benefit the middle class?