The Morning Brief ET Awards: FM on Fears and Faith in India’s Growth Story
Mar 11, 2025
Nirmala Sitharaman, India's Finance Minister, shares her insights on the nation's economic landscape. She discusses plans to streamline GST rates and address inventory dumping concerns. Sitharaman emphasizes navigating global trade challenges and renewing confidence in India's future. The conversation touches on India’s strategic bilateral agreements with the US, EU, and UK, highlighting the importance of national interests amid shifting dynamics. A must-listen for those curious about India's economic priorities!
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Geoeconomic Fragmentation and India's Strategy
- Geoeconomic fragmentation and tariff wars present both challenges and opportunities for India.
- India aims to strengthen exports and maintain smooth supply chains through strategic bilateral agreements.
GST Rationalization
- The GST is being reviewed for simplification and rate rationalization.
- Despite initial discouragement, the government persisted in its efforts to streamline the GST for businesses and consumers.
Shadow Banking Concerns
- Concerns were raised about shadow banks' microcredit lending practices.
- The RBI intervened with guidance and regulations, leading to a correction in the sector.