Page 38 - NIS English 16-31,March 2023

THE VIBRANCY OF THE INDIAN ECONOMY

IS AN INSPIRATION TO THE WORLD

India is chairing the G-20 at a time when the world is facing severe economic difficulties. The
Covid pandemic and its effects on the global economy and the inability to reform international
financial institutions have eroded trust in them. PM Narendra Modi says that as the custodians
of the world's major economies and monetary systems, it is now the responsibility of the G-20
to bring back stability, confidence, and growth in the global economy. This is not an easy task.
Let us know how the G-20 countries are trying to find a solution to deal with these issues.

It was a proud moment for the country The first meeting of G-20
to get the presidency of the G-20, finance ministers and central bank governors
as well as a huge responsibility on
behalf of the G-20 to end differences Expressed commitment to advance
and build consensus on matters of cooperation on international policy
global importance. For this, G-20
member states and guest member and global economy
states are continuously discussing
the areas of future action. Prime he first meeting of G-20 Finance Ministers and Central Bank
Minister Narendra Modi addressed Governors was held in Bengaluru from 24 to 25 February
the first meeting of Finance Ministers T which was jointly chaired by Union Finance Minister Nirmala
and Central Bank Governors in Sitharaman and Reserve Bank of India (RBI) Governor Dr. Shaktikanta
Bengaluru, Karnataka on 24 February. Das. The meeting was addressed by Prime Minister Narendra Modi on
The Prime Minister said, “Focus your the first day who said, “The theme of our G20 presidency – One Earth,
discussions on the most vulnerable One Family, One Future – promotes an inclusive approach. India has
citizens of the world. Global built a highly secure, highly reliable, and highly efficient public digital
economic leadership can win back infrastructure in its digital payments ecosystem. Our digital payments
the confidence of the world only by ecosystem has been developed as a free public good. Examples like
creating an inclusive agenda”
UPI can prove to be a role model for many other countries as well.”

36 New India Samachar March 16-31, 2023