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Soft landing of global economy is increasingly a possibility: Sitharaman

  • 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.

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