India's Strategic Economic Rise Amidst Global Challenges

Finance Minister Nirmala Sitharaman highlighted India's strong economic foundations during a lecture at Columbia University amid global uncertainties. She emphasized India's potential as a key partner in diversifying supply chains and discussed reforms, trade agreements, and geopolitical strategies that position India for future growth.

In a lecture at Columbia University, Finance Minister Nirmala Sitharaman expressed confidence in India's economic resilience despite the challenging global environment. She emphasized India’s role as a critical partner for countries seeking diversified supply chains and highlighted initiatives to boost domestic capacities.

Sitharaman underscores the importance of India’s strategic economic partnerships and reforms aimed at integrating with prominent global economic players. She pointed out India's position as the fifth-largest economy, projecting it to become the third-largest by 2027, with an increasing contribution to global growth.

The minister underlined the significance of India's growing influence in sectors like high-end capital goods and renewables and detailed efforts to strengthen its financial sector. As power dynamics shift globally, she called for a balanced diplomatic approach to navigate complex international relationships.

(With inputs from agencies.)