Finance minister Nirmala Sitharaman has said that India's next budget will be a carefully structured exercise that will place growth priorities at the top, while addressing inflation concerns.
"Growth priorities will be placed absolutely at the top, even as I speak about concerns that inflation brings before me. Inflation concerns will have to be addressed. But then how would you manage growth will be the natural question. But that is the point of being sure how you are going to be able to balance the two," Sitharaman said in response to a question on the next budget's priorities in Washington DC on Tuesday.
Sitharaman added that the momentum that the Indian economy has got emerging from the pandemic, and the momentum that it will have over the next year that has been acknowledged even by multilateral institutions, cannot be "weakened".
"It will have to be very carefully structured budget in which growth momentum will have to be sustained," she said.
Nirmala Sitharaman is in the US to attend the annual meetings of the International Monetary Fund and World Bank
In a message to major global powers, particularly in the West, finance minister (FM) Nirmala Sitharaman has said that advanced nations must take responsibility for the global spillover of their "political and economic policy decisions".
She highlighted how "extreme policies" have led to "extreme market responses" and claimed that nations that had nothing to do with these policies are facing its consequences.
This story is from the October 13, 2022 edition of Hindustan Times.
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This story is from the October 13, 2022 edition of Hindustan Times.
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