G20 Trade and Investment Ministers' Meeting begins in Jaipur

G20 Trade and Investment Ministers' Meeting begins in Jaipur

• The Trade and Investment Ministerial Meeting under India's G-20 Presidency began today in Jaipur.
• India has become the fifth-largest global economy as a result of the sustained efforts by the government. The country embarked on the journey of "Reform, Perform, and Transform in 2014 and increased competitiveness and enhanced transparency, expanding digitization and the promotion of innovation.
• India has established dedicated freight corridors and built industrial zones. India moved away from red tape to red carpet and liberalized FDI flows.
• Mr Modi also touched upon initiatives like Make in India and Aatma Nirbhar Bharat that have given a boost to manufacturing and also mentioned policy stability in the country. The Prime Minister underlined that the government is committed to making India the third-largest global economy in the next few years.
• It is highlighted the importance of  India's proposal to create a Generic Framework for Mapping Global Value Chains to assess vulnerabilities, minimize risks and enhance resilience.

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Published date : 25 Aug 2023 04:35PM