New Delhi: Minister of Finance Nirmala Sitharaman on Wednesday said that countries, including India, have studied their lessons from the Tansum Taper before, while ensuring that the government and the RBI maintained a close situation.
“Most countries have studied their studies from the 2008 crisis and based on the lessons learned that many countries have developed their own strategies …
India has also learned the lesson from the last Tansel Taper, which leads India to be one of the five fragile economies.
The way Tantrum Taper is handled last time.
We have learned a number of lessons and together with the RBI we maintain a watch, “said Sitharaman in response to the question caused by Niti Aayog Vice-Chairman Rajiv Kumar at a conference organized by Think Tank Icrier.
With inflation take steps, there are fears that central banks in several developed economies will begin slaughtering liquidity, resulting in withdrawal of funds from developing country markets such as India.
In addition, there are concerns over Evergrande, which seeks FM, but appears more concerned about a high level of debt.
“In particular, not Evergrande, but the sustainability of debt is a problem that must be addressed by every global forum.
Especially debt, which also carries the sovereignty of a nation under threat, then it is a serious concern.
There will be a greater problem than sustainability Debt, sovereignty and how small countries face a very challenging situation, “he said.
‘Lessons learned from the last tansum taper’
