“Managing global debt vulnerabilities is a significant priority area for 2023, reflecting the Indian Presidency’s endeavour to voice the concerns of the Global South,” the outcome document of the meeting read.
Finance Minister Nirmala Sitharaman, on Monday, met her Bangladeshi counterpart Mustafa Kamal on the sidelines of the G20 Finance Minister and Central Bank Governors meeting in Gujarat.
Global economic growth is below its long-run
“Since we last met in April, the global economic growth is below its long-run average and remains uneven further the uncertainty around the outlook remains high and downside risks to the outlook still persist,” Sitharaman said.
In order to fast-track its energy transition, the United States (US) is working with India on an investment platform to deliver a lower cost of capital and increased private investment, US Treasury Secretary, Janet Yellen said on Monday.
Addressing a press conference after meeting with US Treasury Secretary, Janet Yellen the Finance Minister Nirmala Sitharaman said, "I look forward to furthering our bilateral interests through development cooperation and new investment opportunities through alternate investment platforms
With a focus on ease of doing business, competitive tax structures, and trusted business regulations, GIFT International financial Services Centre (IFSC) has already attracted over 400 entities from various business segments including banking, capital markets, insurance, and fintech.
“The areas of cooperation include bilateral investment, financial services and infrastructure development, among others. For instance, India has developed expertise in digital public infrastructure. It can provide time-tested solutions for convenient and affordable digital pay
“Friendshoring is an important foundation of our approach to increasing resilience of our supply chains, and we see India as an indispensable partner in that and I hope to use this trip to deepen what is already a significant relationship with respect to friendshoring that the US an
Nirmala Sitharaman who chairs the GST Council, said that the government has offered an exemption on GST for satellite launch services provided by private organisations.