Union Finance Minister Nirmala Sitharaman sees a possible soft landing for the global economy, though economic recovery is still pending due to ongoing challenges.

Union Finance Minister Nirmala Sitharaman indicated that a soft landing for the global economy is increasingly achievable, thanks to coordinated actions among nations and multilateral institutions. However, she warned that significant economic recovery is still pending, with subdued global trade and challenges in managing fiscal deficits due to COVID-19 recovery borrowing. She expressed confidence in India's growth, emphasizing the need to attract more foreign investment through ongoing reforms.