FM Nirmala Sitharaman says India’s economy remains resilient despite global uncertainty and rising geopolitical tensions.
Speaking at the 37th Foundation Day of Small Industries Development Bank of India, the Finance Minister said high frequency indicators continue to show strong and broad based domestic demand.
She said the government’s approach will focus on protecting citizens, supporting exporters and maintaining economic stability during global uncertainty.
Sitharaman stressed that Prime Minister Narendra Modi’s call to conserve foreign exchange reserves remains very important in the current environment.
Rising international crude oil, fertiliser and gold prices are creating challenges for India’s external sector and need close monitoring.
The government will continue focusing on the “3 Fs” which are Fuel, Fertilizer and Foreign Exchange.
She warned that the Middle East crisis could raise fuel costs and delay shipments, impacting consumers and businesses.
Outstanding payments to MSMEs remain a major challenge. The government also expects around Rs 1 trillion in revenue loss from the recent consumption tax cut.
Sitharaman announced an STP based digital joint lending platform to improve MSME credit access in rural and semi urban areas and highlighted the MORE programme to support rural and non farm enterprises. She said MSMEs remain central to India’s long term growth story.
BBW News Desk is the editorial team of BigBreakingWire, a digital newsroom focused on global finance, markets, geopolitics, trade policy, and macroeconomic developments.
Our editors monitor government decisions, central bank actions, international trade movements, corporate activity, and economic indicators to deliver fast, fact-based reporting for investors, professionals, and informed readers.
The BBW News Desk operates under the editorial standards of BigBreakingWire, prioritizing accuracy, verified information, and timely updates on major global developments.
