'India can't afford fearmongering': Sitharaman presses on 3Fs amid West Asia crisis
India's Finance Minister Nirmala Sitharaman emphasized the importance of focusing on fuel, fertiliser, and foreign exchange amid the West Asia crisis. She reassured that the country's economic fundamentals are strong, despite rising crude oil and fertiliser prices. Sitharaman urged against fearmongering, highlighting the need for confidence in India's economic resilience.
- ▪Sitharaman stated that rising crude oil prices and fertiliser costs are major concerns for India's economy.
- ▪She criticized attempts to create panic about the economic situation, asserting that India's domestic economic situation remains positive.
- ▪The finance minister highlighted that around ₹8.1 lakh crore is locked due to pending dues to micro, small, and medium enterprises.
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'India can't afford fearmongering': Sitharaman presses on 3Fs amid West Asia crisisThe finance minister said rising crude oil prices and a sharp increase in fertiliser costs have become major concerns for the economy.Published on: May 25, 2026 3:53 PM ISTBy Shivya KanojiaShare viaCopy link Union Finance Minister Nirmala Sitharaman on Monday said the government is closely monitoring the impact of the West Asia crisis on India’s economy, with a particular focus on the “3Fs” — fuel, fertiliser and foreign exchange reserves.
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