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India Navigates Global Turbulence with Strong Fundamentals, Says FM Sitharaman
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Moneycontrol•03-10-2026, 17:17
India Navigates Global Turbulence with Strong Fundamentals, Says FM Sitharaman
- •Finance Minister Nirmala Sitharaman stated India successfully weathered global economic turbulence, emerging with strengthened fundamentals.
- •Global public debt is projected to reach 100% of GDP by 2029, a level not seen since World War II.
- •India's government implemented tough banking reforms, including recapitalization and improved governance, enabling the sector to support enterprises.
- •Significant infrastructure growth includes a 60% expansion in national highways and 36,429 km of new railway track between 2014 and 2026.
- •The flexible inflation-targeting framework, continuous monitoring, and a price stabilization fund help manage inflation and support timely interventions.
Key Questions Answered
Finance Minister Nirmala Sitharaman stated that India has navigated a period of global turbulence with its economic fundamentals remaining intact and strengthened.
The government implemented tough banking sector reforms, which included recapitalization, the resolution of stressed assets, and the establishment of stronger governance and risk-management frameworks.
Sustained capital investment since 2014 has expanded national highways by about 60 percent, while Indian Railways commissioned 36,429 kilometers of new tracks. Additionally, operational airports have more than doubled, and cargo-handling capacity at major ports has increased by nearly 60 percent.
