{"id":159361,"date":"2024-10-23T01:10:06","date_gmt":"2024-10-23T01:10:06","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/23\/fm-india-well-positioned-to-capitalise-on-opportunities-times-of-india\/"},"modified":"2024-10-23T01:10:06","modified_gmt":"2024-10-23T01:10:06","slug":"fm-india-well-positioned-to-capitalise-on-opportunities-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/23\/fm-india-well-positioned-to-capitalise-on-opportunities-times-of-india\/","title":{"rendered":"FM: India well positioned to capitalise on opportunities – Times of India"},"content":{"rendered":"
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NEW YORK: The global economic environment may present challenges but India is well positioned to capitalise on new growth opportunities, finance minister Nirmala Sitharaman<\/a> has said, underlining that as nations re-evaluate their supply chains, India hopes to become a key partner for many countries seeking to diversify their sources of goods and services.
Sitharaman was delivering a special lecture on ‘India’s Economic Resilience and Prospects Amid A Challenging and Uncertain Global Environment’ at Columbia University.She said India is looking towards boosting domestic capacities, and building resilience against external shocks. “While the past decades saw global growth led by broad multilateral trade, the coming years, I think, will likely be defined by strategic economic partnerships and India is very well poised to take advantage of this transition.”
“The shift towards a more fragmented global economy, characterised by redefined alliances and changing trade patterns, could in fact work to India’s advantage,” she said.
Sitharaman stressed that despite an increasingly complex global environment, India’s macro-economic fundamentals remain “sound”, acting as a strong foundation upon which to build future growth. She said in 2013, India was the 10th largest economy and at present, it is the fifth largest economy. agencies<\/div>\n<\/div>\n