Finance Minister Nirmala Sitharaman on Tuesday met with IMF executive director Kristalina Georgieva and discussed a number of issues, including the impact of the political climate on world growth. The World Bank, an IMF official, highlighted a mix of India’s targeted policies that have helped the country’s economy remain stable even with limited resources. He also thanked India for helping Sri Lanka in dealing with its economic problems and assured them that the IMF would continue to work closely with the island nation.
“Discussing the recent political developments, FM Smt.sitharaman radio station and MsKGeorgieva have expressed concern about its impact on the global economy and the challenges associated with rising electricity prices as a result,” the Finance Ministry said on Twitter. economic recovery, Sitharaman highlighted the government’s commitment to supporting economic growth through capitalization (capex) and stressed that the country’s financial position coupled with major structural reforms and strong fiscal policies has helped reverse the epidemic.
India is expected to record high growth rates
To achieve higher growth, the government has increased capex by 35.4 percent in the 2022-23 financial year to Rs 7.5 lakh crore in order to continue the socially led investment-driven economy of the epidemic economy. Last year’s capex was priced at Rs 5.5 lakh crore. India is expected to record the highest growth rate among the world’s major economies. According to Economic Research, the country is likely to grow 8-8.5 percent in current GDPCongratulating India on its successful vaccination program to control the spread of COVID-19, Georgieva also thanked New Delhi for extending assistance to other countries at risk of contracting the epidemic. Sitharaman also met with Sri Lankan Finance Minister Ali Sabry next to the IMF-WB Spring. The meetings also discussed the current economic situation and how to deal with the current challenges in Sri Lanka.
Sitharaman had a meeting with Indonesian Finance Minister Sri MulyaniIndrawati next to a meeting of G20 Finance Ministers and Central Bank Governors (FMCBG). “The two ministers discussed the current state of the world and the #G20 # # The G20FMCBG agenda includes #GlobalHealth, international financing and #SustainableFinance, “the Treasury said in a separate tweet. and the impact of political instability in the country.
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