India, US can lift global trade and growth together, says FM Sitharaman

some think there could be a recession at “some places”, but India is recognized for its economic strength, said Sitharaman.

India is recognized for its ‘potential’ and the ‘economic strength’, given the current global environment, Finance Minister Nirmala Sitharaman said on April 21 during his US visit, adding that India and America can lift the global trade and growth together.

“If you high-end achievers, in this area, see the potential to partner with India individually or commercially (corporation to corporation), you benefit US, India, and Indian business,” Sitharaman said during her interaction with the Indian diaspora in San Francisco, USA.

“I appeal to you to take more interest and partner with India...and help our two countries to grow and prosper,” the Minister said. “I think that’s a very big contribution the Indian diaspora can do.”

FM Sitharaman highlighted India’s economic capabilities, stating that the World Bank (WB) and the International Monetary Fund (IMF) have both recognized the country as the engine to pull the world in just about the ‘positive zone’.

“They (IMF & WB) recognize the potential that exists in India…and by us growing with that potential, we will probably be able to lift that trend which is seen globally due to various uncertainties…keeping growth low, trade low, but inflation high in some places,” the FM said.

While some think there could be a recession at ‘some places’, India is being recognized for its economic strength, said Sitharaman.

Referring to the Indian diaspora, FM said that Prime Minister Modi ensures to connect with the community during his every overseas visit, and accords high importance to them. “India should be able to stand up with a sense of pride and connect with each one of you, whoever, in whichever part of the world, doing their best to contribute to the world, and therefore, stand out as an example.”