LONDON: Finance Minister Nirmala Sitharaman has said India’s robust domestic demand remains a strong magnet for global investors, even as shifting trade dynamics, particularly US tariffs, reshape the global economy.
Speaking in London during her first UK visit in the current term, Sitharaman stressed that India’s growth story – driven by internal consumption and competitiveness – will continue to power the global economy.
“India has retained its fastest-growing economy tag for five years, and it’s domestic demand that will sustain and boost that momentum,” she noted.
Even with the US being India’s top trade partner, Sitharaman maintained that India is well-positioned to weather global headwinds. “Tariffs won’t derail us. Our demand base will keep attracting global supply chains, FDI, and manufacturing,” she said, adding that emerging markets like India are poised to become the new engines of global growth.
She also highlighted that India’s growth is increasingly backed by demand for globally competitive goods, a trend accelerated by decades of globalisation.
Sitharaman said in London that India is well-positioned to weather global headwinds.
