India’s Finance Minister Nirmala Sitharaman expressed confidence in the country's ability to tackle the challenges presented by global trade disruptions, including escalating tariff wars and the ongoing recalibration of international trade relations. Speaking at the 150th anniversary celebration of the Bombay Stock Exchange (BSE), she acknowledged the risks posed by these global uncertainties but assured that India’s economy remains resilient and well-equipped to face these challenges with policy agility and a long-term vision.

India’s Resilience Amid Global Disruptions

Sitharaman highlighted that the world is currently undergoing a phase of “trade recalibration”, where protectionist measures like tariff wars are disrupting established trade networks. While India is not immune to these global headwinds, the Finance Minister emphasized that the country’s economic fundamentals are strong enough to weather these external disruptions.

“India is confident that we will navigate these global disruptions with policy agility and long-term vision,” Sitharaman said, adding that the government's focus remains firmly on building a robust domestic foundation through infrastructure development, inclusive growth, and regional cooperation.

She pointed out that these factors are not merely buffers to external shocks but rather serve as accelerators to India’s long-term growth aspirations. Sitharaman also emphasized that while tariff wars and rising protectionism are a cause for concern, India has a strategic advantage due to its resilient macroeconomic policies and commitment to long-term stability.

The Volatile Global Environment: A “VUCA” World

Sitharaman described the global economic environment as a VUCA — volatile, uncertain, complex, and ambiguous world. However, she reassured stakeholders that India remains steadfast in its commitment to macroeconomic prudence and policy stability.

She noted that investors — the nerve centres of the stock exchange — continue to find India’s market attractive due to its stable governance, growth potential, and innovative policies. Sitharaman also stressed the role of democratic institutions in fostering a conducive environment for sustained investment, both domestic and foreign.

Preparing for Shifts: The 2025-26 Budget

Sitharaman reiterated that the Indian government had anticipated these global shifts while preparing the 2025-26 Budget. According to her, strengthening domestic efficiency and enhancing competitiveness are crucial to maintaining India’s economic resilience amidst global uncertainties.

She also spoke positively about India’s regulatory framework, praising its ability to attract sustained investment despite the volatility in global markets. Sitharaman’s remarks underscore the government’s commitment to creating an environment of policy stability and economic dynamism, which are vital for sustaining growth in uncertain times.

Sebi Chief Highlights Market Integrity

At the same event, Securities and Exchange Board of India (Sebi) Chairperson Tuhin Kanta Pandey also addressed attendees, highlighting the need for strong market integrity and transparency. Pandey underscored the global benchmarks set by India’s capital markets, particularly the adoption of the T+1 settlement cycle, which has improved market efficiency.

He urged market participants to prioritize governance, disclosure, and public trust over short-term commercial objectives, stating that narrow business interests must never outweigh public welfare. Pandey’s comments reflect the importance of sustainable market practices in a rapidly evolving financial landscape.

Sebi's Role in Protecting Public Interest

During his speech at the CII Corporate Governance Summit, Pandey also addressed concerns surrounding the National Stock Exchange (NSE) IPO. He assured the public that Sebi would take all necessary steps to ensure that the commercial interests surrounding the IPO do not overshadow public welfare. The regulator has formed an internal committee to review the IPO proposal and ensure that it aligns with India’s broader financial market integrity.

Conclusion: A Resilient Economic Future

In summary, India’s economic resilience remains a key point of focus for both Finance Minister Nirmala Sitharaman and Sebi Chairperson Tuhin Kanta Pandey. As the global economy faces significant challenges, India is positioning itself as a strong contender for sustained growth through policy agility, robust domestic foundations, and an innovative regulatory environment.

By focusing on infrastructure development, inclusive growth, and regional cooperation, India is setting the stage for long-term prosperity even in the face of global uncertainties. Investors are encouraged to continue viewing India as a safe haven, driven by policy stability, good governance, and a vision for sustainable growth.

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