Finance Minister Nirmala Sitharaman in her Budget 2024 speech outlined how India kept its economic growth momentum going despite global uncertainties “Global affairs are becoming more complex, globalization is being redefined with reshoring, disruption and fragmentation of supply chains and competition for critical minerals and technologies. A new world order is emerging,” the finance minister said.“India assumed G20 Presidency during very difficult times, global economy was going through high inflation, low growth, high interest rates, very high public debt, low trade growth and climate changes. Pandemic has led to a crisis of food, fertilizer, fuel and finances while India successfully navigated its way and showed the world the way forward,” Sitharaman said. The economic strength has made India an attractive place for global businesses, she said. “India built consensus on global problems, the recently announced India Middle East Europe Economic Corridor is a strategic and economic game changer for India and others“Our government is working towards development which is all round, all inclusive and all pervasive.

Source: Economic Times February 01, 2024 13:04 UTC