Union finance minister Nirmala Sitharaman stated on Saturday that uncertainty is a standing condition of the global economy and policy must be designed around it.
Sitharaman highlighted India's resilience, noting real GDP growth of 7.8% in the first quarter of 2026-27 and foreign exchange reserves of about $766 billion.
She noted that India imports more than 88% of its refined crude oil, leaving the nation vulnerable to extreme price and quantity shocks from global conflicts.