India wants to comply with global sanctions, including U.S. sanctions on Venezue...
). The company is set to resume direct oil loadings in the South American nation after a four-month pause.“In specific issues which are critical for India’s strategic interests, we have explained to the United States that India is a strategic partner for the United States of America and you want a strategic partner to be strong and not weakened,” she said.
The International Monetary Fund earlier on Tuesday lowered its outlook for Indian growth in 2019, citing weaker-than-expected domestic demand. The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008/09 financial crisis, the IMF said. “Global headwinds ... are getting stronger by the day,” Sitharaman said. Asked about further fiscal stimulus, she said: “I have not closed the door” on that.
The finance minister defended the government’s controversial actions in Jammu and Kashmir in August. India stripped the Muslim-majority portion of the state, which is claimed by both India and Pakistan, of autonomy on Aug. 5. Since then the government has shut off phone networks, imposed curfew-like restrictions in some areas, and arrested thousands, including hundreds of local politicians.
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