Union Finance Minister Nirmala Sitharaman stated that a soft-landing of the global economy is increasingly possible due to coordinated actions between countries and financial institutions.
Sitharaman expressed caution, noting that economies are not experiencing substantial growth yet and global trade is still moderate.
She highlighted the challenge of managing fiscal deficits, as countries have borrowed extensively for COVID-19 recovery, and emphasized the need for control over deficits.
Sitharaman also discussed India's efforts to attract investors and highlighted opportunities for growth, including reforms, liberalization, and skilled Indian workforce.