India can strengthen trade, manufacturing amid global uncertainty: Finance Minister

 Stressing the importance of private capital formation in keeping India's long-term growth factors intact, the finance ministry said, “Public policy and regulatory measures can both facilitate and nudge the private sector to do its part.”

 The finance ministry has called for close monitoring of risks arising from ongoing global trade disruptions as well as diversification into markets that have remained unexplored till now.

The review underlined that capital formation can lead to a mutually reinforcing cycle of investment-income growth-demand growth-additional capacity creation for the large domestic economy.

 The finance ministry said that the economy continues to demonstrate resilience in the face of a turbulent global environment, with the growth momentum supported by easing inflationary pressure, growing consumption demand, fiscal discipline, labour market stability, and a resilient financial sector.

 The report highlighted that the removal of compliance, inspection, and logistics hurdles has assumed far greater urgency than before.