India as a Stabilizer
Union Finance Minister Nirmala Sitharaman said the world is going through uncertainty in trade and energy security. She explained that global systems are transforming. To quote her, India acts as a stabilizer and can absorb shocks from global trends.
She further added that tensions are rising in geopolitical arenas. Geopolitical supply chains are reshaping as tariffs increase. In such a situation, she argued, India must stay vigilant and not let its guard down.
Sitharaman also said that cooperation and tension are converging as a result of wars and strategic rivalries. Old-time alliances are being tested. New alignments are emerging at the very same time. She reiterated that India is well capable of coping with these changes.
India's Role in Global Stability
Reserve Bank of India Governor Sanjay Malhotra also stated that India is leading the world in economic stability. He also made it clear that India's macroeconomic and financial standing are strong.
Low inflation, high foreign exchange reserves, a contracting current account deficit, and sound corporate and bank balance sheets were highlighted by Malhotra. These, in his view, are the rewards for policymakers, regulators, and institutions having worked together in harmony.
Tags Cloud
