Need to blend commercial considerations with economic priorities, strategic needs: Sitharaman
1 week, 5 days ago

Need to blend commercial considerations with economic priorities, strategic needs: Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Wednesday stressed that India Inc.’s commercial considerations should blend with the economy, nation’s priorities and strategic needs. Asking the industry to “realign and reset” itself based on the lessons learnt in the last decade, Ms. Sitharaman said the supply chains should be widespread lest geopolitical risks disrupt it. “Economic and commercial considerations today will have to blend economy and its priorities with politics and strategic needs,” Ms. Sitharaman said at the CII Global Economic Policy Forum 2024 in New Delhi. “Supply chains will have to be restored but you would have to reset it, realign it, you will have to make sure that it is spread so much that no geopolitical or strategic risks will threaten our wellbeing,” Ms. Sitharaman said.

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Industry should realign itself keeping political, strategic policies in mind: Nirmala Sitharaman
1 week, 5 days ago

Industry should realign itself keeping political, strategic policies in mind: Nirmala Sitharaman

Live Mint  

New Delhi, Dec 11 Finance Minister Nirmala Sitharaman on Wednesday said the industry will have to realign its policies keeping in mind political and strategic decisions of the country. Sitharaman said the economy has to "clawback" more to regain its strength after the Covid pandemic and any skirmish or war will impact the supply chains and food value chains. Talking …

India should be branded as a ’Responsible Capitalist’ nation: Nirmala Sitharaman
1 month ago

India should be branded as a ’Responsible Capitalist’ nation: Nirmala Sitharaman

Live Mint  

Bengaluru, November 23 : Finance Minister Nirmala Sitharaman has called for branding India as a "Responsible Capitalist" nation, emphasizing the country's deep understanding of the limitations of capitalism. Speaking at the 8th India Ideas Conclave organized by India Foundation, Sitharaman highlighted India's traditional values of sustainable living and responsible consumption. Highlighting India's scientific heritage, she noted that India's strength in …

India's Economic Potential Soars as Global Landscape Shifts
Trending News
2 months ago

India's Economic Potential Soars as Global Landscape Shifts

The Hindu  

India is well positioned to capitalize on new growth opportunities due to its robust macroeconomic fundamentals and strategic shift towards strategic economic partnerships. The country's focus on domestic capacity building and resilience against external shocks will be key to its success. Ms. Sitharaman emphasized India's potential to become a key partner for many countries seeking to diversify their sources of …

India poised to capitalize on new growth opportunities as global economic landscape shifts
2 months ago

India poised to capitalize on new growth opportunities as global economic landscape shifts

New Indian Express  

Finance Minister Nirmala Sitharaman highlights India's potential to capitalize on new growth opportunities amidst a challenging global economic environment. She emphasizes the country's focus on boosting domestic capacities and building resilience against external shocks. The shift towards a more fragmented global economy could work to India's advantage, as the country seeks to become a key partner for many countries seeking …

Finance Minister Sitharaman Sets Vision for India's Global Leadership in AI by 2047
9 months, 3 weeks ago

Finance Minister Sitharaman Sets Vision for India's Global Leadership in AI by 2047

Deccan Chronicle  

New Delhi: Exuding confidence in India to become the third largest economy in the world, Union finance minister Nirmala Sitharaman on Tuesday said that the country should become a global hub for artificial intelligence or AI and India would set up centres of excellence for the same. Anticipating the nation to become a developed nation or ‘Viksit Bharat’ by 2047 …

‘Breaking the Mould’ book review: An unrealistic vision of the future
11 months, 1 week ago

‘Breaking the Mould’ book review: An unrealistic vision of the future

Live Mint  

Decades ago, the great trade economist Jagdish Bhagwati observed that India’s “misfortune” was to have almost too many “brilliant economists, an affliction that Far Eastern super-performers were spared”. In his latest book, Breaking The Mould: Reimagining India’s Economic Future, co-authored with Penn State professor Rohit Lamba, Rajan begins well by explaining why the Narendra Modi government’s subsidies to boost the …

India will stay on course; projected to grow at 7% in 2022-23: FM Sitharaman
1 year, 8 months ago

India will stay on course; projected to grow at 7% in 2022-23: FM Sitharaman

The Hindu  

Observing that the International Monetary Fund and World Bank have estimated India to be the fastest-growing major economy in 2023, Finance Minister Nirmala Sitharaman has said the Indian economy will stay on course and is likely to grow at 7% in 2022-23. Attending the Plenary Meeting of the International Monetary and Financial Committee at the IMF Headquarters here on Friday …

In 2022, India Was A Bright Spot in The World amid Gloom of War And Slowdown, 2023 Is The Time to Shine
1 year, 11 months ago

In 2022, India Was A Bright Spot in The World amid Gloom of War And Slowdown, 2023 Is The Time to Shine

News 18  

As the global economy was normalising after a battering from the Covid pandemic, the Russia-Ukraine War broke out in 2022. India also extended assistance of about $4 billion to stabilise Sri Lanka’s economy which was in a tailspin in 2022, coupled with massive political upheaval. India’s growing strategic importance on the world stage is reflected in the establishment of the …

India is a glimmer of hope in a slowing world
1 year, 11 months ago

India is a glimmer of hope in a slowing world

Live Mint  

As we welcome 2023, there is much to be optimistic about and as much to reflect on. From bringing global manufacturing and supply chains to India to striking astute bilateral trade deals to building the much-needed infrastructure at a steady pace, the Prime Minister has dramatically altered not only the ease of doing business but also rendered the country a …

India’s G20 Presidency: The Roadmap Ahead - News18
2 years ago

India’s G20 Presidency: The Roadmap Ahead - News18

News 18  

India assuming G20 presidency on 1 December 2022 is set to deliver the shared objectives of this inter-governmental organisation, which incorporates around 80 percent of world GDP, 75 percent of world trade, and 60 percent of world population. Hence, India as G20 president needs to prioritise four key issues to steer the trajectory of inclusive global development in the days …

A non-protectionist trade policy is what India needs
2 years, 9 months ago

A non-protectionist trade policy is what India needs

Hindustan Times  

Union finance minister Nirmala Sitharaman was conspicuously silent in her Budget speech about India’s free trade agreement negotiations. This economic philosophy is enunciated in the latest Economic Survey, which says that customs duties on certain imports have been hiked to provide “reasonable tariff support to goods being manufactured in India’’. India’s scorn for imports mirrors the Right-wing narrative against trade …

India can help change global supply chains: Foreign minister Jaishankar
3 years, 7 months ago

India can help change global supply chains: Foreign minister Jaishankar

Hindustan Times  

Union minister of external affairs S Jaishankar on Thursday spoke on shaping the post-coronavirus era with a specific relevance to the role that Asia would play at the 26th ‘Future of Asia’ Conference organized by Nikkei. Foreign minister S Jaishankar He said among other things coronavirus disease has reshaped the world by changing the perceptions and calculations of nations about …

India must remain a part of global economy, open: Amitabh Kant
3 years, 11 months ago

India must remain a part of global economy, open: Amitabh Kant

The Hindu  

India must remain an integral part of the global economy if it has to grow at 9-10% over the next three decades, NITI Aayog CEO Amitabh Kant said. “If India has to grow at 9-10% over a three-decade period, it must be open, it must be an integral part of the global economy. Mr. Kant further pointed out the government’s …

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