Home Business What Nirmala Sitharaman said on India's economy in America: 10 points

What Nirmala Sitharaman said on India’s economy in America: 10 points

Nirmala Sitharaman’s remarks during her official US visit on Tuesday

Remarks by Finance Minister Nirmala Sitharaman during her five-day official visit to Washington DC to attend the annual meetings of the International Monetary Fund and the World Bank, during which she is holding several bilateral meetings.

Here is your 10-point guide to what Nirmala Sitharaman said on Tuesday:

  1. Nirmala Sitharaman on Tuesday expressed optimism about India’s relative and absolute growth performance for the rest of the decade and said the country’s growth rate is expected to be around 7 per cent this fiscal, despite reports of a global slowdown and a cut in almost everyone’s growth outlook. Predicted. major economies.

  2. According to him, one of the main issues facing the Indian economy in the near future is the cost and availability of energy.

  3. Ms Sitharaman said India’s next annual budget would need to be prepared very carefully to keep up with the pace of the country’s growth. He also said that it will address inflation issues.

  4. The Finance Minister said that India in the group of top 20 economies of the world has significant potential to work for the betterment of the global public before taking over the G20 annual leadership in December.

  5. Ms Sitharaman said advanced countries should bear responsibility for the “global spillover” of their political and economic policy decisions. He also cautioned the West against imposing sanctions on the countries.

  6. ‘Atmanirbhar Bharat’, or the policy of self-reliance, is a belief that India should increase its manufacturing share of GDP, and this is neither “isolationism” nor “protectionism”, the finance minister said.

  7. He said the government is ready to talk to startups looking to leave India and address their concerns to help them stay in India.

  8. The Finance Minister said that India is in touch with several countries to encourage acceptance of RuPay currency there.

  9. After discussions with her US counterpart, Treasury Secretary Janet Yellen, on Tuesday, Nirmala Sitharaman said, “The two leaders discussed the current global macroeconomic situation among other issues of mutual interest.”

  10. During the meeting, the Finance Minister invited Ms Yellen to India to attend the US-India Economic and Financial Partnership meeting in New Delhi on 11 November.

RELATED ARTICLES

Forex reserves rise for third straight week to $550 billion

<!-- -->For the week ended November 18, India's reserves stood at $547.25 billion. (File)Mumbai: India's foreign exchange reserves rose for the third consecutive...

Deadline for 30% cap on UPI transactions by payments firms extended

<!-- -->UPI facilitates peer-to-peer online money transfers through mobile apps. (File)Mumbai: India has decided to extend the deadline for capping share of digital...

NSE launches new Nifty Bharat Bond Index

<!-- -->The total assets under management of all India Bond ETFs has now grown to over Rs 52,000 crore.New Delhi: NSE Indices, a subsidiary...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Dani Alves Sets Brazil Record For Being Oldest Male Player At World Cup | football news

Dani Alves during the match against Cameroon.© AFPDani Alves became the oldest player to represent Brazil at the men's World Cup as the 39-year-old...

Pele Has Respiratory Infection, But Doing ‘Better’: Doctors | football news

Brazilian football legend Pele, who was hospitalized this week amid ongoing cancer treatments, has developed a respiratory infection, but is in stable condition and...

Saurabh Kumar Takes Nine Wickets In Match, India A Draw With Bangladesh A | cricket news

File image of Saurabh Kumar© TwitterLeft-arm spinner Saurabh Kumar staked a strong claim as Ravindra Jadeja's replacement for the upcoming Test series with a...

Luis Suarez Heroics Not Enough As Uruguay, Ghana Exit World Cup | football news

Uruguay crashed out of the World Cup on Friday despite beating Ghana 2-0 after South Korea scored a late winner in the other Group...

Recent Comments