Finance Minister Nirmala Sitharaman on Thursday said India’s resilience stands out due to its strong macroeconomic fundamentals amid increasing global uncertainties.
Speaking at the 91st Foundation Day function of the Bank of Maharashtra, the Union Finance Minister said the uncertainty in the global environment has increased over the past year, and its impact is being felt across countries.
“But amidst all these uncertain global situations, India’s resilience stands out and several favourable factors, such as strong macroeconomic fundamentals, a young demography, and greater reliance on domestic demand, provide the core strength to the Indian economy,” she noted.
Sitharaman said the economic resilience has continued, particularly in the April-June quarter this year, as well, where India’s GDP has grown by 7.8 per cent.
“This…is not accidental at all,” she said, adding that it reflects proactive fiscal and monetary policies, bold structural reforms, massive infrastructure creation​Finance Minister Nirmala Sitharaman on Thursday said India’s resilience stands out due to its strong macroeconomic fundamentals amid increasing global uncertainties.
Speaking at the 91st Foundation Day function of the Bank of Maharashtra, the Union Finance Minister said the uncertainty in the global environment has increased over the past year, and its impact is being felt across countries.
“But amidst all these uncertain global situations, India’s resilience stands out and several favourable factors, such as strong macroeconomic fundamentals, a young demography, and greater reliance on domestic demand, provide the core strength to the Indian economy,” she noted.
Sitharaman said the economic resilience has continued, particularly in the April-June quarter this year, as well, where India’s GDP has grown by 7.8 per cent.
“This…is not accidental at all,” she said, adding that it reflects proactive fiscal and monetary policies, bold structural reforms, massive infrastructure creation ​Latest News [ SOBAN NEWS: International and National ]
