Key Points
Union Finance Minister Nirmala Sitharaman highlights the possibility of a soft landing for the global economy due to coordinated actions among countries and multilateral institutions..
She emphasizes cautious optimism as economies are stabilizing but notes trade growth remains subdued and managing fiscal deficits will be challenging.ReutersFinance.
A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union Finance Minister Nirmala Sitharaman said Friday..
And then the coordinated action between countries to manage any supply chain shocks that have been the character of the global economy in the last, let us say, at least two years, are being faced by countries with a lot more preparedness, and therefore the sense is we can only have better days than what we have seen in the last few years," Sitharaman said during her appearance at the Centre for Strategic and International Studies (CSIS) think-tank...
But with the commensurate increase in exports not happening because our traditional export geographies are not really picking up, we have a challenge which is more external than internal," the minister said.. Responding to a question, Sitharaman said India is trying to grow at the fastest possible rate..
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