India would not face a taper tantrum again: FM Sitharaman

At the Economic Times Award, 2020 Finance Minister Nirmala Sitharaman claimed that unlike 2013 Indian government and the Reserve Bank of India are prepared and there would be no taper tantrum.

The guest of honor delivered this message in response to the Global rating agency S&P’s rating of India among the most vulnerable economy in the Asian region.

The taper tantrum of 2013 refers to the instance of a spike in US bond yields on account of the Federal Reserves’ (Fed) indication that it would begin unwinding its quantitative easing program.

Source: The Economic Times



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