IMF Meeting: Nirmala Sitharaman said, during the lockdown, the government has helped more than 800 million vulnerable families by giving them free ration. But the coming time in the global market is even more worrying. Along with this, he has also given a big statement regarding crude oil and gas.
Nirmala Sitharaman: International Monetary Fund (IMF) meeting in Washington D.C. It is scheduled to run from 10 to 16 October. IMF MD Kristalina Giorgia has praised India fiercely. He has said that India has emerged as a ray of light in the darkness. Meanwhile, Union Finance Minister Nirmala Sitharaman has also given a statement regarding the global market. He has said that due to the uncertain geo-political crisis, if a tense situation arises, then the demand for crude oil and natural gas in winter may also be affected. Apart from this, he also expressed concern about the prices of oil and gas.
More than 800 million people got free food grains
Finance Minister Nirmala Sitharaman said that the government has provided free ration to more than 800 million vulnerable families in the last 25 months through the country’s large network. Today, India is the world leader in digital payments and our transaction costs are among the lowest in the world.
Crude oil and gas crisis in winter!
In the IMF meeting, he expressed concern over the geopolitical crisis. He said that due to the tense and uncertain geopolitical crisis in Europe, the supply of crude oil and natural gas in winter could be troubled. The lack of control of inflation in developing countries is a matter of concern.
still room for improvement
The Finance Minister said, touching 13.5 percent growth rate in the first quarter, India will cross the pre-pandemic level of 3.8 percent. Let us tell you that the lockdown was completely removed in India from April 2022. The Finance Minister said, there is a possibility of an increase of 26 percent in consumer spending in the first quarter. The Finance Minister said that there is still room for improvement in big businesses, hotels, restaurants.
India setting the standard
Nirmala Sitharaman had earlier said at Johns Hopkins University that India is now setting global benchmarks and countries around the world recognize this achievement. There are many countries who believe that this measure of achievement is completely indisputable proof.