Page 29 - NIS - English, 01-15 January 2023
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G20 under India's Leadership Nation
The first meeting of Finance Track in Bengaluru
Finance track results will contribute to
sustainable and inclusive growth
The first meeting of finance and central
bank deputies under the Finance Track took
place in Bengaluru from December 13-15,
during India's G20 presidency. Apart from
discussing the challenges in the finance track
on global economic issues, the delegates
discuss where the money will come from for
what is decided in the Sherpa track.
G20 Presidency is very important to
India which is rapidly moving as the fastest-
growing economy in the world. The meeting
was jointly organized by the Finance
Ministry and the Reserve Bank of India in
Bengaluru, home to the tech industry. A
series of meetings of finance ministers
and governors of central banks have been
planned in Bengaluru in February for further
discussions. Issues such as financial
inclusion, health financing, and international
taxation will be part of the discussions.
and cultural heritage on a big platform for the world,". event. All countries had faith in India's leadership
The opportunity to host the G20 summit is both from the start of its chairmanship. Countries
historic and hopeful. In support of India's G20 unanimously applauded the theme "One Earth, One
presidency, the G7 leaders issued a statement. Family, One Future," asserting that it would "reduce
They stated that the G7 is committed to rebuilding tensions and increase trust in the world." Several
a peaceful, prosperous, and sustainable future. types of roadmaps were prepared during the Sherpa
Because India's focus is on common solutions for conference. Technology change, green growth and
a common future, it wishes to make the G20 public lifestyles for the environment (LiFE), accelerated,
by linking it to public participation. Prime Minister inclusive, and resilient growth, multilateralism
Narendra Modi has also stressed the importance of and the 3 Fs (food, fuel, and fertiliser), women-led
a whole-government and whole-society approach to development, tourism, and culture were among the
public participation in the all-party meeting as well key topics discussed at the meeting.
as meetings with state Chief Ministers, Governors, The delegates reaching the Sherpa track were
and Lieutenant Governors. warmly welcomed as per Rajasthani folk tradition,
Sherpa Track held its first meeting in Udaipur for dressed in local jackets and coats. To acquaint the
four days delegates with the glorious history of Rajasthani
The Sherpa Track meeting took place in Udaipur, Safa, the delegates were made to wear Safa while
Rajasthan, from December 4 to 7. In the midst of they also went to see the fort of Kumbhalgarh,
difficult geopolitical conditions, Sherpas from the where they also saw the world's second-largest wall
invited countries and all G20 countries attended the built in the fort after the 15th century. The guests
New India Samachar January 1-15, 2023 27