Reference to Indiatoday.in . India Union Finance Minister Nirmala Sitharaman in a speech at the Kautilya Economic Conclave 2025 in New Delhi urged India to have an aggressive voice in influencing outcome of international economic decisions during the time of growing geopolitical tensions and economic uncertainties. Emphasizing the impact of the sanctions, tariffs (and tariffs, which include U.S. tariffs) and changing supply chains, she alerted readers that India can no longer afford to be an onlooker in the fast-changing global realities.
In recognition of the resilience of India and its capacity to internalise external shocks despite turbulence, Sitharaman recognised this factor. She emphasized that this toughness should not be a buffer, but it should be the foundation of leadership in the world. The broken international system also brings novel possibilities of collaboration should countries approach these issues without favoritism and with an inclusive attitude, particularly vital to developing countries that are aiming at sustainable development.
The Finance Minister highlighted fairness and inclusion as being key during economic partnerships and termed it an urgent requirement and not an ideal. She encouraged the developing economies to take charge of their own destinies by participating in international bodies decisively by maintaining independence but affecting the results.
Sitharaman also restated the ambitious goal of India (how) to attain 8 per cent GDP growth in order to realize the vision of Viksit Bharat 2047, which was fuelled by robust domestic consumption, strategic reforms, fiscal consolidation, and the quality of capital spending. As the global volatility caused by geopolitical conflicts continues, the economic policy of India is to remain self-reliant and, at the same time, maintain international interactions.
To conclude, this message delivered by Sitharaman was an effective appeal to India to shift to resilience to become a leader in the new world order, a place of cooperation on the grounds of inclusivity and be ready to be navigated and influenced by the shifting global economy to enjoy a successful and independent future.
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