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India’s Sitharaman Sees Strong Growth, Low Inflation in 2023

Nirmala Sitharaman

Nirmala Sitharaman

Photographer: T. Narayan/Bloomberg
Updated on

India’s Finance Minister Nirmala Sitharaman expects strong growth and lower inflation next year, as central bank authorities seek to stabilize Asia’s third-largest economy amid tough global headwinds.

“External factors were very strong in the inflation-targeting exercise,” Sitharaman said Wednesday at a Reuters event, noting that they were beyond the control of the government and the Reserve Bank of India. “We expect currency volatility to settle on its own.”