Realign supply chains, avoid risk concentration: FM Sitharaman to cos

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The story "Realign supply chains, avoid risk concentration: FM Sitharaman to cos" was covered 6 hours ago by Times of India, a news publisher based in India.

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Times of India 6h ago

Realign supply chains, avoid risk concentration: FM Sitharaman to cos - Times of India

Quick Summary:

Finance Minister Nirmala Sitharaman urged industries to diversify supply chains, considering political and strategic factors beyond economics.

She emphasized the need to avoid over-reliance on any single nation, seemingly referencing China, and cautioned against excessive borrowing, highlighting global conflicts and inflation as key concerns requiring international cooperation for stability.

Sitharaman also used the platform to underline the need to check unnecessary expenditure and borrowings."Responsible economies can't be run with borrowings so large that the next generation and the generation after that have to repay.