India weathered global shocks, retained policy space to respond: FM Nirmala Sitharaman
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- ✓Union Finance Minister Nirmala Sitharaman said on Saturday that India built economic resilience over the past decade through fiscal prudence and structural reforms.
- ✓She noted that sound public finances gave the state freedom to act.
- ✓The minister added that non-food credit grew 18.8% in the year to August 2026.
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- MARKET
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- mint
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- 2 Minute(s)
- Market Focus
- India Economy
Union finance minister Nirmala Sitharaman on Saturday said India's economic resilience has been built consciously over the past decade through fiscal prudence, infrastructure creation, banking reforms, last-mile delivery and sustained structural reforms, ANI reported.
"The evidence of resilience lies largely in the counterfactual, in the outcomes that did not materialise: an inflation spiral that did not take hold, queues that did not form at fuel outlets, banking stress that did not surface and a fiscal correction that was never forced," she said.
Referring to Kautilya's Arthashastra, Sitharaman cited the principle "kosha-purvah sarva-arambhah", meaning all undertakings depend first on the treasury. She said sound public finances give the State the freedom to act when economic conditions deteriorate.
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