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Finance Minister calls for coordinated global effort to deal with impact of conflicts, uncertainty
Jun-12-2026

Finance Minister Nirmala Sitharaman has called for coordinated global action to deal with the adverse impact of conflicts and uncertainty. She pointed that while the prosperity and challenges are shared in today’s interconnected world, the consequences of conflicts and uncertainty fall disproportionately on developing countries and the Global South. She added that some imbalances globally reflect differences in demographics, development stages, resource endowments, or economic structures. Therefore, the focus should be on excessive and persistent imbalances while recognising that the scale of domestic needs varies significantly across countries.

Moreover, she has emphasized the need of strengthening multilateral cooperation to build resilient economies, accelerate sustainable development, and ensure inclusive growth that benefits all. Besides, she noted that the recent developments have highlighted the importance of resilient, diversified and geographically distributed supply chains, particularly for critical minerals, and focus on circularity, recycling and urban mining can address some of the sourcing challenges being collectively faced by the world.

Highlighting India’s economic progress, the minister said India continues to be among the world’s fastest-growing major economies, with GDP growth projected to remain robust at around 7% over the medium term. She added that GDP growth is primarily domestic-demand led, with a largely market-determined exchange rate.

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