IMF, WB Term India As The Engine Of Global Trade: FM
Says India prioritises Sunrise Sectors, stands out as a leader in Digital Public Infra, driving innovation and growth
IMF, WB Term India As The Engine Of Global Trade: FM
India is actively engaging with the new US administration and hopes to conclude the first tranche of the bilateral trade agreement positively by October) this year -- Nirmala Sitharaman, FM
San Francisco: Union Finance Minister Nirmala Sitharaman said on Monday that India has become the fastest-growing economy, driven by the visionary leadership of Prime Minister Narendra Modi and the stability provided by a continuing government.
Addressing the Indian diaspora in the US, the Finance Minister said: “When we say that India is the fastest-growing economy and when the IMF and World Bank recognise that India can be the engine driving global trade, what they are recognising is the immense potential that exists in India.”
The FM further said “India is actively engaging with the new US administration and hopes to conclude the first tranche of the bilateral trade agreement positively by fall (September-October) this year.”
Highlighting the steps to strengthen the Indian economy, Sitharaman said: “During the Covid-19 pandemic, our fiscal deficit went up. But in 2021, we came up with a clear signal as to how we wanted to manage our fiscal deficit. We set year-on-year targets and committed to bringing the fiscal deficit below 4.5 per cent by 2026.
