FM Sitharaman Says India Well-Positioned Amid Global Economic Transformation

By A Staff Reporter

New Delhi: Finance Minister Nirmala Sitharaman on Friday said India is well-equipped to handle external economic shocks even as the global economy undergoes a period of structural transformation. She emphasised that the country’s macroeconomic fundamentals and policy measures provide resilience amid international uncertainties.

Speaking to reporters, Sitharaman highlighted India’s robust financial systems, stable foreign exchange reserves, and prudent fiscal management as key factors that strengthen the nation’s capacity to withstand external pressures. “India’s capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation,” she said.

The Finance Minister noted that shifts in global trade, technological advancements, and changes in energy and commodity markets are driving structural transformations worldwide. She added that India’s diversified economy, expanding domestic consumption, and investment in infrastructure and technology position it to navigate these changes effectively.