New Delhi: Indian Economy Projected to grow and grow at 7% in FY 2022-23 despite global constraints and this was made possible by the favorable domestic policy environment and the government’s focus on key structural reforms to boost growth is finance minister Nirmala Sitharaman Said.
Attending the International Monetary and Financial Committee meeting in Washington, he outlined the initiatives taken by the government to protect growth while advancing inflation management. “We have ensured the availability free grain To more than 800 million vulnerable families in the last 25 months through the country’s massive public distribution network.
Sitharaman said last mile delivery financial Services The poor have been a key priority of the government and this is supported by India’s digital public good infrastructure. He is leading the world in the matter of India digital payment Innovation with India’s transaction cost being among the lowest in the world.
“I believe International Monetary Fund There is a need to increase the resources available to emerging and low-income countries to safeguard the global financial system. Therefore, the completion of the 16th GRQ by December 15, 2023 is crucial to enhance the voting rights of Emerging Market Economies (EMEs) commensurate with their relative position in the world economy.” sitharaman Told.
The minister said a major downside risk to the global recovery is the debt crisis in many low-income countries. Therefore, it is important that the IMF provides them with the support they need to tackle balance of payments vulnerabilities. In this context, they welcomed the IMF’s new Food Shock Window initiative to help countries combat food insecurity. On climate change, Sitharaman highlighted the importance of a multilateral approach with principles of equality and common but differentiated responsibilities and respective capabilities. He emphasized that India has established an ambitious climate action path through the updated ‘Nationally Determined Contribution’ that demonstrates India’s commitment at the highest level to separate economic growth from greenhouse gas emissions .
meeting in his inaugural address world BankIt is a great opportunity to put our heads together and think about how well the world can negotiate the many challenges and bring back long-term growth, the U.S. Development Committee said on Friday.
Attending the International Monetary and Financial Committee meeting in Washington, he outlined the initiatives taken by the government to protect growth while advancing inflation management. “We have ensured the availability free grain To more than 800 million vulnerable families in the last 25 months through the country’s massive public distribution network.
Sitharaman said last mile delivery financial Services The poor have been a key priority of the government and this is supported by India’s digital public good infrastructure. He is leading the world in the matter of India digital payment Innovation with India’s transaction cost being among the lowest in the world.
“I believe International Monetary Fund There is a need to increase the resources available to emerging and low-income countries to safeguard the global financial system. Therefore, the completion of the 16th GRQ by December 15, 2023 is crucial to enhance the voting rights of Emerging Market Economies (EMEs) commensurate with their relative position in the world economy.” sitharaman Told.
The minister said a major downside risk to the global recovery is the debt crisis in many low-income countries. Therefore, it is important that the IMF provides them with the support they need to tackle balance of payments vulnerabilities. In this context, they welcomed the IMF’s new Food Shock Window initiative to help countries combat food insecurity. On climate change, Sitharaman highlighted the importance of a multilateral approach with principles of equality and common but differentiated responsibilities and respective capabilities. He emphasized that India has established an ambitious climate action path through the updated ‘Nationally Determined Contribution’ that demonstrates India’s commitment at the highest level to separate economic growth from greenhouse gas emissions .
meeting in his inaugural address world BankIt is a great opportunity to put our heads together and think about how well the world can negotiate the many challenges and bring back long-term growth, the U.S. Development Committee said on Friday.