India has enough fiscal space to push capex, support sectors impacted by West Asia crisis: FM
GST
Dated:- 6-4-2026
PTI
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis.<\/p>\n
Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation.<\/p>\n
Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the wind' in economic downturn.<\/p>\n
Today, many countries with high debt and large deficits have no room to manoeuvre and they face a grim choice between austerity and instability, she said at an event organised by the National Institute of Public Finance and Policy (NIPFP) here.<\/p>\n
On the contrary, she said, “India has fiscal space \u2014 room to maintain our capex pro<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 3 a litre, while on diesel it is zero currently.<\/p>\n On April 2, India exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid disruption in shipping routes due to the West Asia conflict.<\/p>\n Besides crude, India is major importer of fertiliser and natural gas.<\/p>\n Observing that the current year is even more challenging than the previous one, Sitharaman said, “the escalation of Middle East conflict has evolved from a regional security concern into a systemic tremor threatening the vital arteries of global energy, and hardening the lines of a new, multipolar world order.” \t Recalling various global events that shadowed 2025, she said the year was monumental in more ways than policymakers initially thought.<\/p>\n “Trade fragmentation has introduced severe uncertainty into global supply chains. This led to sharp downward revisions in global growth forecasts, but the year ended more optimisticall<\/p>\n = = = = = = = =<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n