India will go to the global disruption with policy fidelity, long -term investments: Nirmala Sitharaman amid US rates | Mint

Finance Minister Nirmala Sitharaman on Thursday took a veiled dig from Donald Trump’s new tariff rules, but gave the assurance that India would navigate this ‘global disruption’ with his policy. During an event organized by the BSE in Mumbai, Sitharaman said India would work out of these global disruptions. “We will navigate global disruptions with policy fonslessness and long -term investments,” she said. The finance minister has warned that they could ‘disrupt’ the global supply chain policy. “The rise of protectionist policies has the potential to disrupt global supply chains, to increase production costs,” Sitharaman said. On April 2, Donald Trump imposed a number of reciprocal rates on almost all countries around the world, including India. According to the new trade policy, most Indian imports at the US will be taxed at 26 percent. However, Trump offered a 90 -day grace period for the policy to kick in so that countries except China could negotiate with the US. Trump said the policy aims to have more companies shift their manufacturing base to the US, which in turn will benefit the Americans and create thousands of jobs. However, economists and experts have warned against a possible inflation in the US that could overtake and lead to a broader recession. FM warns of the challenging environment The Minister of Finance further revealed that recalibration efforts on trade were ‘very challenging’, and the recalibration efforts on trade are very, very challenging, ‘Nirmala Sitharaman said during the opportunity to celebrate 150 years of BSE. The Minister of Finance said the financial markets of India have shown remarkable resilience despite recent global uncertainties and the faith investors’ faith in the markets. Interior Institutional Investors (DIIS) transition from supportive to dominant roles in Indian markets underlines the growing maturity and depth of India’s capital market. Share markets have faced unrest worldwide since US President Donald Trump announced the most countries, including India, earlier this month. The markets got some land after the US government announced a 90 -day break with the implementation of the reciprocal tariff. First published: 17 Apr 2025, 05:07 IST