India Poised for Economic Leadership Amid Global Transition

Union Finance Minister Nirmala Sitharaman highlights India's readiness to lead in the new era of strategic economic partnerships during her address at Columbia University. India's robust economic growth, sound macroeconomic fundamentals, and strategic initiatives are positioning the nation to influence the evolving global economic landscape.

Union Finance Minister Nirmala Sitharaman announced that India's role on the global stage is set to expand, leveraging strategic economic partnerships rather than relying on traditional multilateral trade. Speaking at Columbia University, she emphasized India's readiness for this global transition that will shape future economic growth.

Sitharaman stressed that India's strategic decisions will be globally watched as the country strengthens ties with nations sharing strategic coherence and vital positions in global supply chains. Highlighted were India's priorities, including boosting domestic capabilities, enhancing self-reliance in crucial sectors, and building resilience against external disruptions.

The Finance Minister outlined India's growth strategy, supported by initiatives in manufacturing, digital, and financial sectors. She credited India's astute COVID-19 management for its robust post-pandemic recovery. Sitharaman affirmed India's global growth contribution is poised to rise significantly, amidst evolving global economic dynamics.

(With inputs from agencies.)