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FM Sitharaman asserts, fundamentals of Indian economy are strong

Finance Minister Nirmala Sitharaman on Monday strongly defended the strength of the Indian economy in Parliament, saying the rupee’s value is market-driven and India’s macroeconomic fundamentals remain robust despite global uncertainties. Replying during the Question Hour in the Lok Sabha over the rupee’s depreciation, the Finance Minister said the fundamentals of the Indian economy are strong, and currencies across the world are witnessing volatility due to global uncertainty. The Minister highlighted key economic indicators, noting that inflation has dropped to low levels, GDP growth remains above 7 per cent, and the current account deficit is under 1 per cent. The Finance Minister added that global volatility, including higher dollar outflows, is affecting currencies worldwide, and India is not alone in facing exchange-rate pressures.

In the Lok Sabha, Ms Sitharaman also said that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health of the country's banking sector, including recovery of non-performing assets.  Piloting a bill for further amending the IBC in the Lok Sabha, the minister stressed that companies have been doing well and their corporate governance practices have also improved after coming out of the insolvency resolution process.

She made the remarks while replying to the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, as reported by the Select Committee.


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