New Delhi, Oct 3 (UNI) Finance Minister Nirmala Sitharaman today said that India’s rise as a stabilising force is neither accidental nor transient; instead, it results from a powerful combination of factors.
“Over the past decade, our government’s focus on fiscal consolidation, improved quality of capital expenditure, and reining in inflationary pressures has been consistent. We have implemented strategic reforms that enhance the ease of doing business, promote financial inclusion, and improve the quality of life for the average citizen in the country,” said Sitharaman while addressing the Kautilya Economic Conclave 2025 here.
“ With the steady share of consumption and investment in the overall GDP over the years, India’s growth is firmly anchored in domestic factors, which minimises the impact of external shocks on overall growth. As a result, the Indian economy is resilient and continues to grow rapidly.” She added.
“ The task before us is not simply to manage uncertainty but to confront imbalance. We must ask ourselves: how can we build a global order where trade is fair, finance serves productive ends, energy is both affordable and sustainable, and climate action aligns with development imperatives? How can international institutions be reformed to reflect today’s realities rather than yesterday’s hierarchies? And crucially, how can the voices of developing nations, no longer marginalised in rulemaking, be amplified in shaping the future?” Sitharaman said.
History teaches us that crises often precede renewal. The fragmentation we see today may rise to more sustainable and unforeseen forms of cooperation. The challenge is to ensure that inclusive principles shape cooperation.
“ For developing countries, this is a necessity, not just a romantic aspiration. We cannot afford to be passive spectators in a world where decisions elsewhere determine our destinies. We must be active participants, shaping customers where possible and preserving autonomy where necessary.” Sitharaman added.
