IMF News Hindi: Finance Minister made a big announcement, crude oil and gas prices may increase in winter
Newz Fast, New Delhi: International Monetary Fund meeting in Washington DC. from 10 to 16 October. Praising India, IMF MD Cristalina Giorgia said that India has emerged as a beacon of light in the dark.
Finance Minister Nirmala Sitharaman has given a big statement regarding the global market. He said that the uncertain geopolitical crisis leads to tense situation.
So the demand for crude oil and natural gas can also be affected in winter. Apart from this, he also expressed concern about the prices of oil and gas.
More than 800 million people got free food grains
Finance Minister Nirmala Sitharaman said that the government has provided free ration to more than 800 million vulnerable families in the last 25 months through the country's large network.
Today, India is the world leader in digital payments and our transaction costs are among the lowest in the world.
Crude oil and gas crisis in winter!
In the IMF meeting, he expressed concern over the geopolitical crisis. He said that due to the tense and uncertain geopolitical crisis in Europe, the supply of crude oil and natural gas in winter could be troubled. The lack of control of inflation in developing countries is a matter of concern.
Still room for improvement
The Finance Minister said, touching 13.5 percent growth rate in the first quarter, India will cross the pre-pandemic level of 3.8 percent. Let us tell you that the lockdown was completely removed in India from April 2022.
The Finance Minister said, there is a possibility of an increase of 26 percent in consumer spending in the first quarter. The Finance Minister said that there is still room for improvement in big businesses, hotels, restaurants.
India setting the standard
Nirmala Sitharaman had earlier said at Johns Hopkins University that India is now setting global benchmarks and countries around the world recognize this achievement. There are many countries who believe that this measure of achievement is completely indisputable proof.