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Thursday, October 12, 2023

Local consumption to drive growth: Finance minister

India's finance minister, Nirmala Sitharaman, highlighted domestic consumption and investment as key drivers of the country's growth. She also cautioned against inflationary pressures due to global uncertainties and emphasized the need for vigilance from the government and the Reserve Bank of India. Sitharaman acknowledged the impact of the slowdown in global demand on India's goods exports and suggested the need to strengthen the external sector.

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