According to Finance Minister Nirmala Sitharaman, India is capable of dealing with any situation that arises as a result of global events. Sitharaman said in a post-budget discussion with industry group FICCI on Sunday that the government will not allow global developments to affect the economy in any way.
‘We have a chance to recover as Team India.‘
He urged businesses to take advantage of the improving economy by increasing investments. “Now, as Team India, we have a chance to recover,” the Finance Minister said. We are at a point in time when the economy is showing signs of recovery. As a result of this revival, India will become the world’s fastest growing economy as a result. India will become the world’s fastest growing economy. This pattern will continue in the coming fiscal year.”
She stated that the world has changed since the pandemic, and that industry leaders must ensure that India does not miss this time’s bus.
“The Reserve Bank and the government are working together to see what is going on in the global financial ecosystem,” Sitharaman said. The previous crises that the Indian government faced in 2012-13 and 2013-14 have taught us valuable lessons.
“We won’t allow any economic harm to occur.’
The finance minister said: “We are watching the decision of America’s central bank, the Federal Reserve, as well as global inflationary pressures, and we are keeping a close eye on these things,” “I want to assure the leadership here that the economy is due to preparedness.” We will not allow any loss to the world.