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Omicron is no threat to India, says Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said on Saturday she did not want to view the Omicron variant of the coronavirus as a threat to India, but it is certainly a challenge, as are supply issues. .

“An element of uncertainty persists over the Omicron variant of the coronavirus. But Indians are resilient, they have shown that they can adapt to any situation. We have to give it to them, ”she said during her speech at the Hindustan Times Leadership Summit.

Sitharaman’s remark comes on a day when a third case of the new COVID-19 strain has been detected in India. A 72-year-old man who returned from Zimbabwe to Jamnagar in Gujarat was found infected with Omicron. The first two cases were identified in Karnataka. The World Health Organization (WHO) has said that Omicron, initially detected in South Africa, could spread faster than other forms of the virus.
Speaking about the impact of the new strain on the economy, the finance minister said that although all indicators regarding the Indian economy show that it is in better shape, Omicron has brought a moment of caution.

She said, however, that the pandemic and related challenges created an opportunity on its own that led to the rapid formalization of informal sector workers.

Meanwhile, Sitharaman was optimistic that this year’s GDP figures would be very encouraging. India’s GDP can exceed 6-7%, she said.

“India’s global commitments as well as coherent national policies, coherent fiscal policy and stability for business and greater synergy between the Center and the States can lead to good growth”, a- she declared.

(Edited by : Kanishka Sarkar)


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