Sitharaman offers a sobering assessment of global volatility, yet her focus on external shocks risks framing economic governance as mere damage control. It is a pragmatic admission of vulnerability that underscores the limits of reactive monitoring in a fractured world.
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Nirmala Sitharaman warns India over rising fuel and fertiliser pricesHinzugefügt:
increasing fuel price, fertilizer price, all of which will have to be paid through foreign exchange only. These are going to be challenges. West Asia crisis, straight of commerce crisis, Russia Ukraine war crisis, Iran um Israel US war crisis, the supply chain disruption crisis, increasing fuel price, fertilizer price. And they're not minor increase. They are very serious increases. All of which will have to be paid through foreign exchange only. So these are going to be challenges. But I'm confident and I'm saying this with responsibility.
I'm confident with the guidance of the prime minister we will be able to handle those challenges which are not of our making. If crude oil prices are growing, one week it is 83, another week 86, 92, 101, 102, 116, we we will have to constantly monitor this but make sure that people are not going to suffer.
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