The Bad PlaceTimes of India | Economy robust, external factors putting pressure on 3 Fs: Finance minister Nirmala Sitharaman
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Finance Minister Nirmala Sitharaman said that despite external pressures from the West‑Asia conflict and rising global prices of crude oil, fertilizer and gold, India’s economy remains robust. She noted that the government has been proactively calibrating policies since the budget session to absorb shocks, including tax cuts, a new credit line for businesses with a government guarantee, support for MSMEs and exporters, and the creation of an Economic Stabilisation Fund. Sitharaman also highlighted that consumers were shielded from fuel‑price hikes for 75 days at a cost of about ₹1 lakh crore in excise revenue, but warned that ongoing price rises will have to be met through foreign‑exchange outflows. She affirmed confidence in handling these external challenges, urged the public not to heed the opposition’s “cynical and pessimistic” narrative, and said the government remains open to suggestions on issues such as capital‑gains tax.
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Economy robust, external factors putting pressure on 3 Fs: Finance minister Nirmala Sitharaman
NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that Indian economy remains robust even in the wake of external challenges caused by the West Asia conflict and the consequent rise in prices was putting pressure on the three Fs - fuel, fertiliser and forex.
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