Indian Economy's Resilience Amid Global Challenges

Finance Minister Nirmala Sitharaman emphasized the importance of domestic demand in sustaining the Indian economy's strength during a recent statement. This comes as global economic slowdown fears, fueled by US tariff policies, prompt a cautious outlook.

Government and RBI's Role in Economic Stability

Sitharaman welcomed the RBI's decision to cut rates, highlighting the need for collaborative efforts between the government and the central bank to navigate through the uncertainties brought by global trade tensions. "The ministry has been proactive with policy decisions and budget announcements aimed at invigorating growth," she stated.

Looking Ahead: Trade Agreements and Domestic Demand

On the topic of US tariffs affecting Indian imports, the Finance Minister mentioned ongoing studies and negotiations for a beneficial trade agreement between the US and India. She underscored that despite the US being India's largest trading partner, the Indian economy remains largely driven by domestic consumption.