Economy- FM Nirmala Sitharaman: Finance Minister Nirmala Sitharaman has said that India is capable of dealing with any situation arising from global signals.
These developments also include the withdrawal of loose monetary policy from the US central bank.
Sitharaman said in a post-budget discussion with industry body FICCI on Sunday that the government would not allow the economy to be affected in any way by global developments.
She called on the business community to take advantage of the economic recovery and increase investment.
India is the fastest growing Economy in the world
The finance minister said: “Now, as Team India, we have a chance to recover. We are at a time when the recovery of the Economy is quite evident. With this recovery, India will become the fastest growing economy in the world. This trend will also continue in the next financial year.
The change will come later
The world has changed after the pandemic and industry leaders will need to ensure that India does not fail to get on the “bus” this time. missed such an opportunity.
RBI and the government should work together:
The Reserve Bank and the government are working together and monitoring the global financial ecosystem to see what is happening. We learned a lesson from the previous crisis before the Indian government in 2012-13 and 2013-14.
Visible pressure inflation
The finance minister said: “We are watching global strategic developments. We are watching the Federal Reserve’s decision as well as global inflationary pressures. We are watching these things closely.
I want to assure the leaders present here that we will not allow any damage to the economy because of the preparedness. “Before 2047, we will be in some of the most developed countries in the world.”
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