India Plans ₹57,381 Crore Economic Stabilisation Fund to Shield Economy From Global Shocks

India proposes 'economic stabilisation fund' to tackle global headwinds

India Plans ₹57,381 Crore Economic Stabilisation Fund to Shield Economy from Global Shocks

India has proposed the creation of a ₹57,381 crore Economic Stabilisation Fund to strengthen the country’s ability to respond to global economic shocks, Finance Minister Nirmala Sitharaman announced in Parliament on Friday. The proposed fund is designed to provide fiscal headroom for the government to address global headwinds, including supply chain disruptions, economic shocks and […]

India Proposes ₹573 Billion Economic Stabilisation Fund to Tackle Global Shocks

India has proposed the creation of a ₹573-billion ($6.20 billion) Economic Stabilisation Fund aimed at strengthening the country’s ability to respond to global economic uncertainties. Finance Minister Nirmala Sitharaman informed parliament on Friday that the fund would provide fiscal headroom to manage external headwinds, supply-chain disruptions, and unexpected economic shocks that could affect the Indian economy. The announcement came as the g…