MUMBAI: FM Nirmala Sitharaman on Thursday said the ongoing trade recalibrations around the world were worrisome but India would navigate these global disruptions with policy agility. The FM said that the tariff war posed risks for India and the country was not immune to it, however, she was confident India’s resilient economy would be able to sail through it.
Sitharaman was speaking at the 150th-year celebration of the BSE, the oldest stock exchange in Asia, here. Ongoing tariff wars and the rise of protectionist policies can potentially disrupt global supply chains, increase production costs, and create uncertainty in investment decisions across borders. However, India would navigate these global disruptions with policy agility and long-term vision, she said.
“Our focus remains firmly on building a robust domestic foundation – laid and strengthened through infrastructure development, inclusive growth, and deeper regional cooperation. These are not just buffers to external shocks but accelerators to our long-term growth aspirations,” she added.
Sitharaman said that India offers all investors policy stability, growth, prudent macroeconomic policies, and democratic institutions. She added that govt’s focus is firmly on building a robust domestic foundation through infrastructure development, inclusive growth, and deeper regional cooperation. She noted that India’s financial markets have shown remarkable resilience despite global uncertainties.However, she acknowledged that the markets were impacted by the trade-related disturbances. The FM said that India’s market intermediaries and exchanges should innovate with purpose but should always put the investor at the centre. The FM said that India Inc should have transparency, sound governance, and commitment to shareholder value as their guiding principles. The regulators should remain proactive, agile, and responsive in a world defined by rapid change, she said.
