‘Markets resilient despite global uncertainty’

Mumbai: FM Nirmala Sitarman said on Thursday that trade restructuring worldwide was worrying, but India would navigate these global disruptions with policy agility. FM said the tariff war has caused risks for India and the country was not immune for this, however, it was confident that India’s flexible economy would be able to raise through it.
Sitarman was speaking at the BSE’s 150th year celebration, the oldest stock exchange in Asia. The rise of tariff wars and protectionist policies can potentially disrupt global supply chains, increase production costs, and can cause uncertainty in investment decisions on borders. However, India will navigate these global disruptions with policy agility and long -term vision.
He said, “Our focus is firmly on the construction of a strong domestic foundation – the development of the infrastructure, inclusive development and deep regional cooperation, and strengthened and strengthened.
Sitarman said that India offers the policy stability, development, prudent macroeconomic policies and democratic institutions of all investors. He said that the focus of the government is on the construction of a strong domestic foundation through infrastructure development, inclusive development and deep regional cooperation. He said that India’s financial markets have shown remarkable flexibility despite global uncertainties.However, he admitted that the market was influenced by trade disturbances. FM said that India’s market intermediaries and exchanges should be renewed with purpose, but the investor should always be kept in the center. FM said that India Inc. should have a commitment to transparency, sound regime and shareholder value as his guiding principles. He said that regulators should be active, agile and responsible in the world defined by rapid change.