Summary:

India is prepared to withstand global economic concerns, according to Finance Minister Nirmala Sitharaman, who stated that the country is willing to adopt further policy measures to increase capital inflows if necessary. She pointed out that while the government and RBI have already implemented policies to boost investor confidence and draw in foreign capital, these are just the first stages. Depending on how things change, more steps might be taken. Maintaining consistent investment inflows to promote growth and financial stability continues to be the major priority. Currency fluctuations, unstable pricing for fertiliser and crude oil, and erratic monsoon patterns are some of the external forces now affecting the economy. In order to boost investor confidence and preserve general stability and economic resilience, the government is keeping a careful eye on these risks while carrying out changes like tax breaks and market-friendly laws.

Source: IBEF

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