NEW DELHI: India has kept up rapid growth momentum, after the contraction in 2020, by balancing the quick needs of the economy with long-term structural reforms, Finance Minister Nirmala Sitharaman has said.
In Washington, DC, on the eve of the ongoing IMF-WB annual meetings 2022, she made this statement during the opening session of the fourth G20 Finance Ministers and Central Bank Governors conference. The Finance Ministry tweeted that she focused on India's economic growth and policy measures while speaking on the global economy. To deal with downside risks and their knock-on effects, Sitharaman urged for increased policy cooperation and experience exchange. Throughout the two-day meeting, the Finance Minister is anticipated to speak at a number of sessions, according to official sources.
Sitharaman is in the US on an official visit. She will be present at the G20 Finance Ministers and Central Bank Governor (FMCBG) Meetings, as well as the Annual Meetings of the World Bank and the International Monetary Fund (IMF).
The Finance Minister will participate in bilateral discussions with a number of nations, including Germany, Mauritius, the UAE, Iran, Japan, South Korea, Saudi Arabia, Australia, Bhutan, New Zealand, and the Netherlands. The Finance Minister will also hold one-to-one meetings with leaders and heads of OECD, UNDP and the European Commission. In a high-level meeting, the Finance Minister will meet US Treasury Secretary Janet Yellen and David Malpass, President, World Bank separately to talk over issues of mutual interest.
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