NEW DELHI, Feb 23: Finance Minister Nirmala Sitharaman on Monday said it was too early to assess the US tariff impact on the Indian economy, and Commerce Minister Piyush Goyal is reviewing the situation.
“It is too soon to comment on the impact on the Indian economy from US tariff changes. The Commerce Minister is reviewing the situation,” Sitharaman said after addressing the presser here after customary post-Budget meeting of the Central Board of Directors of the Reserve Bank of India in the national capital.
Her remarks come at a time when global markets are reacting to fresh tariff measures by the United States, prompting economies to reassess trade exposure and growth outlooks.
Seeking to calm concerns, RBI Governor Sanjay Malhotra underscored the resilience of India’s financial system.
“We are watching the development. There is no systemic issue,” he said, signalling that the central bank does not see broader financial stress emerging from global uncertainties.
On the monetary policy trajectory, the Governor reiterated that rate decisions would remain data-driven. “The interest rate decision will depend on evolving growth and inflation dynamics. We will give durable liquidity to all markets,” he added, indicating the RBI’s readiness to ensure adequate liquidity and stability.
The post-Budget meeting, attended by Minister of State for Finance MP Chaudhary and RBI board members, reviewed macroeconomic conditions, financial sector stability, and the outlook following the union Budget.
(UNI)
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