India’s policy mix, reforms, sound external balance sheet aid growth to remain resilient: FM Nirmala Sitharaman
Underscoring the remarkable progress, India has made through its Digitalization Mission, utilizing technology to facilitate social protection and boost financial inclusion, Union Minister of Finance & Corporate Affairs Nirmala Sitharaman has said that despite exogenous threats, India’s well-targeted policy mix, accompanied by major structural reforms and sound external balance sheet, have aided its growth to remain resilient.
Finance Minister further emphasized that India has embarked on the path of a self-reliant economy and therefore has been successful in mitigating the negative effects of the pandemic. Finance Minister also highlighted that Prime Minister Narendra Modi is actively leading India’s climate change response efforts through various programs such as ‘Lifestyle for Environment’ (or LiFE), among many others.
Besides, Finance Minister suggested that in order to ensure meaningful impact is achieved and resources are not scattered in multiple areas, AIIB (Asian Infrastructure Investment Bank) needs to scale-up investments in key priority areas including clean energy and energy efficiency, disaster resilient infrastructure, social infrastructure with a special focus on education and health, and digital infrastructure.
