India is the world’s fifth-largest economy after the US, China, Japan and Germany.
Political flip-flops or coalition constraints could impair the nation’s economic performance and hinder macroeconomic stability, Sitharaman said at the annual day celebrations of Shri Ram College of Commerce in the capital.
Sitharaman’s emphasis on political stability and the economic progress achieved under the current leadership comes as crucial national elections are due by May next year. Prime Minister Narendra Modi is seeking a third term for his government in 2024.
The finance minister noted global uncertainties around food and fertilizer supplies because of supply chain disruptions arising from the ongoing conflict in Eastern Europe.
Denne historien er fra October 06, 2023-utgaven av Mint Mumbai.
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Denne historien er fra October 06, 2023-utgaven av Mint Mumbai.
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India in economic sweet spot, inflation to moderate: Moody's
India's economy is in a sweet spot and its inflation is expected to moderate despite a temporary spurt, Moody's said, projecting optimism about the country's growth prospects despite recent underwhelming data.
Incentive engine to drive modern ships
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Cement firms wage war on costs as competition soars
India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.
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The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the world’s largest construction project replaced its chief executive of six years.
EV adoption is a marathon, not a sprint: Audi India
The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.
India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
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India urges $1.3 tn annual climate grant
Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.
Over 600 mn cyberattacks daily, AI can secure devices
Microsoft is developing a password-free authentication process to eliminate the risk of breaches
Small businesses ramping up cybersecurity, thanks to AI
Rising AI adoption is helping cybersecurity providers hike their marketable base in India
