India Embraces Stablecoin Era as Finance Minister Calls for Global Adaptation

India is entering a new chapter in global finance as stablecoins and digital assets reshape how money and markets operate. At the Kautilya Economic Conclave 2025, Finance Minister Nirmala Sitharaman said the world is witnessing a major structural transformation that goes far beyond short-term financial trends.

She noted that the rise of stablecoins is forcing nations to rethink traditional financial systems and adapt to a new digital economy.

Stablecoins Are Changing the Future of Global Finance

Speaking at the Conclave on October 3, Sitharaman emphasized that stablecoins are redefining money, capital flows, and financial governance.

“The choices before us are clear. We can either adapt to the new monetary system or risk being excluded from it,” she said.

According to her, the global financial landscape is shifting rapidly, and no country can remain isolated. She urged policymakers to proactively engage in shaping this transformation instead of resisting it.

India’s Path: Growth, Reform, and Self-Reliance

Sitharaman reaffirmed India’s dual strategy — to reach developed economy status by 2047 while maintaining self-reliance and resilience. She explained that achieving this target would require sustained 8% annual GDP growth, strong domestic reforms, and careful management of external risks.

She added that reforms in capital expenditure, financial inclusion, and inflation control are already helping India build a stronger, more stable financial foundation in a changing world.

Balancing Growth with Sustainability

The finance minister also highlighted the need to balance economic growth with sustainability and energy transition with energy security.

She stressed that India must continue investing in innovation and green infrastructure while protecting its citizens from global economic shocks.

“Our task is not just to grow fast but to grow responsibly,” Sitharaman stated.

Her remarks underlined that digital finance, including stablecoins, could play a key role in supporting sustainable development if regulated wisely.

A Call for Inclusive Global Cooperation

Sitharaman concluded by calling for a more inclusive and cooperative international order. She encouraged developing nations to take part in shaping global financial policies rather than simply reacting to them.

“We must be active participants—shaping outcomes where possible and preserving autonomy where necessary,” she said.

Her statement reflects India’s determination to lead with resilience and innovation in a rapidly changing global economy. As stablecoins gain traction worldwide, India aims to position itself as a responsible leader in digital financial reform.

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