Economic Growth To Be Supported By Fiscal Spending, Says Finance Minister

Finance Minister Nirmala Sitharaman on Monday said that India’s economic growth will continue to be supported by fiscal spending along with focus on greater investment.

She made these observations while participating virtually in the second BRICS Finance Ministers and Central Bank Governors meeting, held under BRICS China chairmanship.

Ms Sitharaman further said that the country’s growth story will be supported by imparting momentum to the economy based on the idea of growth at macro level complemented by all inclusive welfare at micro level.

During the meeting, the Finance Minister noted that BRICS should continue to serve as a platform to engage in dialogues and facilitate exchange of experiences, concerns and ideas for rebuilding a sustainable and inclusive growth trajectory.

“The agenda of the meeting included discussions on outcomes of BRICS Financial Cooperation agenda for 2022. This included discussion on BRICS Joint Finance Ministers and Central Bank Governors Statement, Infrastructure Investments, New Development Bank and BRICS Think Tank Network for Finance,” a statement issued by Finance Ministry said.

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