Despite projected growth rate of 7% for Indian economy in 2022 India remains concerned about global economic outlook: FM Sitharaman

Washington: Finance Minister Nirmala Sitharaman has said that despite this year’s projected growth rate of seven percent for the Indian economy, the country remains concerned about the global economic outlook and geopolitical environment.

Attending the Development Committee Meeting of the World Bank-IMF in Washington DC, she said reducing crop loss and food waste should be the first intervention of choice to ensure food security.

The Minister urged World Bank to avoid



a unidimensional view of subsidies and not to lose focus on the internationally agreed basic principle of common but differentiated responsibilities.

Ms Sitharaman also met IMF's first Deputy Managing Director, Gita Gopinath on the sidelines of the IMF-WB meeting and discussed current global matters including food and energy security issues, global debt vulnerabilities, climate matters, Digital Assets and upcoming G20 India Presidency.