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Informist, Tuesday, Mar. 17, 2026

 

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--Sitharaman: India's economy stands at position of strength 
--CONTEXT: Sitharaman speaking in Rajya Sabha on 2nd supplementary demand 
--Sitharaman: India's macroeconomic performance relatively strong, stable 
--Sitharaman: Domestic LPG supply to remain steady 
--Parliament passes 2nd supplementary demand for grants 
 

 

NEW DELHI – The Indian economy remains strong at a time when the ongoing conflict in West Asia brings new challenges, Finance Minister Nirmala Sitharaman said in the Rajya Sabha Tuesday.

 

"India's economy today stands at a position of strength. We are able to look after even unforeseen circumstances," she said. "Since COVID, India's macroeconomic performance has remained relatively strong and stable."

 

The Parliament also passed the second batch of Supplementary Demands for Grants for 2025–26 (Apr-Mar), under which the Centre sought approval for net additional expenditure of INR 2.01 trillion.

 

India's economy expanded 7.8% in the December quarter and the government's second advance estimate projects GDP growth in the current financial year ending Mar. 31 at 7.6%. Some economists have lowered their estimates for India's GDP growth in FY27 citing the impact of the war between the US-Israel combine and Iran, which has pushed up crude oil prices to over $100 a barrel.

 

The war in West Asia has led to closure of the Strait of Hormuz, which has hit supply of oil and gas to India. The country imports 65% of its liquefied petroleum gas, 90% of which comes from the narrow sea passage of Strait of Hormuz.

 

Sitharaman said domestic LPG supply will remain steady in the country, as production capacity has been ramped up around 25% over the past few days.  End

 

US$1 = INR 92.37

 

Reported by Shubham Rana

Edited by Ashish Shirke

 

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