USISPF | COVID-19 proves Indian economy's resilience: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said India is committed to forge a long term relationship with U.S. investors and proposes to meet them twice a year

COVID-19 and its aftermath has proven the Indian economy’s resilience, Union Finance and Corporate Affairs Minister Nirmala Sitharaman told U.S. investors in a meeting on June 24, adding that India’s fiscal situation is not only under control, but also expected to improve further. Addressing a global investors’ meet hosted by the U.S.-India Strategic Partnership Forum (USISPF), Ms. Sitharaman said that the government has shown a strong record of ‘reform implementation in the last six years’ and showcased the ‘strong relief and reforms undertaken during the pandemic times’. “Macro-economic stability, infrastructure-led economic growth opportunities, financial sector reforms and positioning as a strong player in global supply chains are just some of the ways India continues to rise as a global economic powerhouse,” she said, stressing that there was a significant decline in new COVID-19 infections and a decline in the second wave.