BENGALURU: Careful planning, targeted facilitation, fiscal prudence and understanding of the strengths of the Indian economy have helped the Narendra Modi government make India an island of calm amid challenging global developments, said Finance Minister Nirmala Sitharaman.
The minister said that during her IMF & World Bank meetings in Washington D.C., she was informed by visitors that India seems to be an oasis of stability and calm. "
(Was told) that the challenges are being carefully firewalled and the Indian economy now is very clearly attractive for investors," she said.
"Between 2020 and today, we seem to have come out to a situation where the challenges continue, newer challenges are also building up but India is seen as an island of a certain level of calm," the finance minister said in Bengaluru at the three-day Global Investors' Meet, 'Invest Karnataka 2022'.
India still has its share of challenges but not of a size that would threaten it, she said.
