Budget 2022 | India is going to be the fastest growing economy: FM Sitharaman

moneycontrol.com:

Finance Minister Nirmala Sitharaman while addressing a post-Budget interaction with industry body FICCI,  assured that India's economic recovery is going to place it as the fastest growing economy amongst others.

Sitharaman also assured that India is prepared to deal with any situation arising out of global developments, including the US Federal Reserve's decision to roll back monetary easing, and will not allow the economy to suffer.

She urged corporates to take advantage of the recovery in the economy and step up investments.

"It's time now for us as Team India to rise. We are at such a juncture where the revival of the economy is very clear...this recovery is therefore going to place India as the fastest growing economy among the larger economies and that would continue even in the next fiscal," the minister said.

Post pandemic, the world order has changed and industry leadership should ensure that India doesn't miss the bus this time, she said.

Recalling that India missed an opportunity post the global financial crisis, she said the taper tantrum was not absolutely well addressed and as a result, India missed out on one big opportunity that was available at the time.

Also Read: Lessons learnt from Taper Tantrum are still fresh, keeping a keen watch on US Fed's moves : FM Sitharaman

"Now with the RBI and the government working together and very much keenly observing what is going on in the global financial ecosystem...we have also learnt the lessons of the last crisis which the government of India faced in 2012-13 and 2013-14.

"We are fairly watchful of what is happening as regards the global strategic developments, as regards the Fed decision, and as also regards the global inflationary pressures, we are keeping a very close