Overview

• Speaking in New Delhi, the finance minister said the global order is undergoing a lasting realignment rather than a temporary disruption.
• She warned that sanctions, tariffs, and decoupling are reshaping supply chains, highlighting both exposure and strength for India.
• The policy stance emphasized fiscal consolidation, higher public capital spending, controlled inflation, and robust consumption as buffers to external shocks.
• Coverage pointed to US tariff actions on Indian trade now totaling about 50%, raising risks even as bilateral engagement continues.
• RBI Governor Sanjay Malhotra described macro fundamentals as very strong, calling India an anchor of stability with healthy reserves, a narrow current account deficit, and solid bank and corporate balance sheets.