- Economy
- 1 min read
Finance Minister Nirmala Sitharaman stresses India's strength amid global economic concerns
Finance Minister Nirmala Sitharaman highlighted India's resilience and potential at the B20 Summit, choosing to focus on India's narrative rather than China's economic challenges. She emphasized India's strengths, including its skilled workforce and vibrant work culture. She expressed her commitment to monitoring China's situation but stressed her primary focus on India's current position and opportunities. Sitharaman also outlined the government's initiatives to support infrastructure development, startups, and address climate concerns. She identified five key priorities for sustainable global economic recovery, including boosting investment and addressing climate change finance.
Finance Minister Nirmala Sitharaman, while speaking at the B20 Summit in the national capital on Friday, emphasized India's resilience and potential amid growing concerns about China's economic slowdown. When asked about the impact of China's economic challenges on India and the world, the Finance Minister opted to focus on India's narrative.
Acknowledging the global interest in China's economic developments, she stated, "I would rather play the India story." Minister Sitharaman expressed her commitment to monitoring China's situation but emphasized her primary focus on India's current position and its abundant opportunities. She highlighted the nation's skilled workforce, vibrant work culture, and the enthusiasm of its youth to excel.
Minister Sitharaman underscored India's current advantages, particularly its young, English-speaking population and a transparent governance system with accessible legal remedies through the courts.
During her address, the Minister detailed the government's initiatives to bolster infrastructure development, support startups, and address climate concerns. She outlined five key priorities essential for sustainable global economic recovery: boosting investment to stimulate growth, prioritizing global investment in public health and education, addressing climate change finance, diversifying supply chains, and managing inflation.
(With inputs from PTI)
COMMENTS
All Comments
By commenting, you agree to the Prohibited Content Policy
PostBy commenting, you agree to the Prohibited Content Policy
PostFind this Comment Offensive?
Choose your reason below and click on the submit button. This will alert our moderators to take actions