Indian Finance Minister Says Economy Can Withstand Global Shocks

Indian Finance Minister Says Economy Can Withstand Global Shocks

India’s economy is resilient because of strong domestic demand, which enables it to absorb shocks from global headwinds, Finance Minister Nirmala Sitharaman said.

Global economy seeing structural transformation,  India's capacity to absorb shocks strong: FM

NEW DELHI, Oct 3: Finance Minister Nirmala Sitharaman on Friday said India’s capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation.   She said the task before nations is not only to manage uncertainty but to confront trade, financial and energy imbalances. “Geopolitical conflicts are intensifying. Sanctions, tariffs, and decoupling strategies are reshaping global supply chains… Fo…