"So, to that extent, the 'high for long' may not be anywhere close to what our banks, our central bank is thinking is my understanding," Sitharaman said, responding to questions on the likelihood of 'high for long' interest rates in the US and the implication of such a state of affairs.
"I won't say you are sufficiently insulated or not (from high US interest rates), but I would only say I think we know how to handle either a surge or a depression coming out of it," she said.
The finance minister said several of her counterparts lauded India for doing a good job of "content, conduct, and process" at the G20 and putting out a strong agenda on four issues - debt, MDB reforms, crypto assets, and digital public infrastructure - apart from infrastructure for future cities and financing to deal with climate change.
On the Hindenburg report, Sitharaman said some short sellers can make a killing, but regulatory tools coming out of it can also lead to better corporate governance. "But what I'm looking at is SEBI (Securities and Exchange Board of India), with what it does, is able to see the grain from the chaff. Regulatory tools, if used properly, coming out of this can lead to better corporate governance."