Home Business What Nirmala Sitharaman said on Tuesday during her official US visit: 10...

What Nirmala Sitharaman said on Tuesday during her official US visit: 10 points

Nirmala Sitharaman’s remarks during her official US visit 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.
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