India's Finance Minister addressed the Kautilya Economic Conclave 2023, highlighting the government's commitment to maintaining macroeconomic stability while managing the country's debt burden. India's general government debt stands at 81.8% of GDP for 2022-23, compared to the 'Baa'-rated median of 56%.
The Minister emphasized the government's responsible approach, ensuring decisions made today do not burden future generations. She commended the success of initiatives like the Pradhan Mantri Jan-Dhan Yojana (PMJDY) in promoting financial inclusion. Additionally, she mentioned discussions at the G20 regarding cryptocurrency regulation and expressed concerns about the effectiveness of major multilateral institutions. The Minister also addressed the need for global businesses to account for the risks posed by terrorism.