Investment company in india

Summary:

According to Union Minister of Finance Nirmala Sitharaman, India is well-positioned to capitalize on new development opportunities in a challenging global economic climate. Speaking at Columbia University, she stated that as nations rethink their supply chains, India intends to be a vital partner in diversifying sources of products and services. She emphasized the need to increase internal capacity and resilience, adding that, despite global concerns, India's macroeconomic fundamentals remain strong, with forecasts indicating it could become the world's third-largest economy by 2027.

 

She discussed India's significant trade policy reforms aimed at creating a competitive and exportoriented economy, including free trade agreements with the UAE and Australia. She highlighted India's growing importance in global innovation, as well as the robustness of the banking sector, which is characterized by low levels of non-performing assets. As India approaches its centennial of independence in 2047, she expressed confidence in the country's ability to usher in a new era of prosperity, despite current challenges.

 

Source: IBEF 

 

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