FINANCE

Finance Minister Sitharaman at IMF meet says India projected to grow at 7% in 2022-23

Finance Minister Sitharaman underlined the learning from the pandemic that digitalisation, especially digital public infrastructure (DPI) is a positive-catalyst for the global economy and how India`s DPI revolutionised access and created a vibrant entrepreneurial ecosystem.

Read More:-HDFC Bank Q4 Results Preview: Net profit likely to grow 23% to Rs 12,300 crore on steady asset quality

Finance Minister Nirmala Sitharaman on Friday said India will stay on course and is projected to grow at 7 per cent in 2022-23 as per the government’s own economic survey 2022-23.

During the plenary meeting of the International Monetary and Financial Committee (IMFC) at the IMF headquarters in Washington, she said that both the International Monetary Fund (IMF) and the World Bank have projected India as the fastest growing major economy in 2023.

Read More:-Edible oil import jumps 8% YoY to 11.35 lakh tonnes in March 2023, as per industry body data

In her intervention, the finance minister highlighted that conducive domestic policy environment along with the Indian government`s focus on structural reforms has kept domestic economic activity in India robust.

Sitharaman underlined the learning from the pandemic that digitalisation, especially digital public infrastructure (DPI) is a positive-catalyst for the global economy and how India`s DPI revolutionised access and created a vibrant entrepreneurial ecosystem.

Read More:-Blinkit Services Hit In Delhi-NCR As Delivery Partners Go On Strike, Over 100 Dark Stores Temporarily Shut

Referring to global sovereign debt roundtable, the finance minister said it has demonstrated a constructive way forward with multi-stakeholder cooperation for other vulnerable countries and India is pleased to be part of the team that provided solution for Sri Lanka and Suriname.

Through India’s G20 presidency, Sitharaman reiterated the commitment towards exploring solutions through stakeholder engagements, to pressing global challenges, which disproportionately harm the poorest and most vulnerable.

Read More:- This Quant Mutual Fund Gave Nearly 65% Return In Last 3 Years

In conclusion of her intervention, while urging all the G20 members to continue to support multilateral efforts, Sitharaman emphasised on engaging in positive dialogue to fight the challenge of global fragmentation.

Source :
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top