Finance Minister Nirmala Sitharaman: ‘Whatever policy we formulate, we must trust business, industry and the taxpayer. That will remain our charter’

Finance Minister Nirmala Sitharaman emphasized the importance of trusting business, industry, and taxpayers during her fireside chat at the FE Leadership Awards. She discussed various challenges facing the economy, including foreign capital attraction, job creation, skill gaps, and consumption outlook. Sitharaman also addressed concerns over corporate concentration, regulatory arbitrage, and private investment pace.

She reflected on her nine consecutive Budget presentations, acknowledging the responsibility and gratitude for supporting growth and addressing challenges. Sitharaman highlighted the Prime Minister's leadership virtues, consistent policy direction, and the role of parliamentary input in budget formulation. She addressed Opposition allegations and protests, stating that constructive debate should occur in Parliament, not outside.

Sitharaman expressed concern over the Tata Group's internal friction, urging amicable resolution to maintain India's critical economic component. She addressed youth frustration over job availability and quality, emphasizing the need for industry-business communication and skill development to support consumption growth.