India has buffers to tackle oil, monsoon risks: Sitharaman

Finance Minister Nirmala Sitharaman said India has sufficient fiscal buffers to absorb risks from higher global oil prices, geopolitical tensions and an erratic monsoon, with no immediate need to revise Budget estimates. Speaking at the NDTV Profit Business Leadership Awards 2026 in Mumbai, she noted provisions for higher import costs of oil and fertilisers, and that private sector investment is improving. The government remains confident in India's resilient growth momentum despite external challenges.