Finance Minister Nirmala Sitharaman highlighted India’s role as a stabilising force in the global economy while cautioning against the risks of imbalances and volatility, in her inaugural address at the fourth edition of the ‘Kautilya Economic Conclave 2025’ at New Delhi.

Speaking at the conclave on Friday, themed “Seeking prosperity in turbulent times”, the minister noted that the very foundations of the global order are undergoing a structural transformation, with trade flows, alliances and financial systems being reshaped by geopolitical shifts.

Stating that the present is ‘turbulent’, in some sense, would be to understate the scale of the challenge at hand, the minister said, adding that omnipresent uncertainty has become the new norm.

International challenges

“The internation

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