Enabling economic development in G20 context for India
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Ms Rupa Dutta
Contd from previous issue
It is important to shape the future of GVCs in a sustainable and inclusive way to enhance economic growth and improve business competitiveness.
· Ways to create employment at scale aligned to the jobs of the future and Action plan for reskilling and upskilling of the workforce to operate in a world focusing on adoption of advanced technologies
· Accelerating financing for economic recovery, particularly encouraging support towards MSMEs
· Boosting efforts towards debt servicing and facilitating funding support for most vulnerable economies
· Promoting financial inclusion amongst the G20 countries, particularly through digital financial services
· Sharing best practices from strategies focused on the digitalization of financial services
· In addition to environmental imperatives, priority would be given to sustainable, balanced and inclusive investment, balancing social and economic imperatives, keeping in mind the local and regional context.
All above mentioned initiatives/objectives require collective and coordinated efforts amongst all G20 Nations, to take concrete steps in the post Covid World. While all countries are focusing on taking optimal steps for Post Pandemic recovery of their economies, the necessity of looking at collaborative and combined efforts for working towards synchronized and synergized economic development across nations, imbibing the principles of collaboration and cooperation assume critical importance.
With India’s emphasis on world as One Family, as a cornerstone of its Presidency, it is time to look forward to adoption of sustainable and positive steps enabling economic development across all countries and all income groups within a country.
The writer is Principal Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), M/o Commerce and Industry
Contd from previous issue
It is important to shape the future of GVCs in a sustainable and inclusive way to enhance economic growth and improve business competitiveness.
· Ways to create employment at scale aligned to the jobs of the future and Action plan for reskilling and upskilling of the workforce to operate in a world focusing on adoption of advanced technologies
· Accelerating financing for economic recovery, particularly encouraging support towards MSMEs
· Boosting efforts towards debt servicing and facilitating funding support for most vulnerable economies
· Promoting financial inclusion amongst the G20 countries, particularly through digital financial services
· Sharing best practices from strategies focused on the digitalization of financial services
· In addition to environmental imperatives, priority would be given to sustainable, balanced and inclusive investment, balancing social and economic imperatives, keeping in mind the local and regional context.
All above mentioned initiatives/objectives require collective and coordinated efforts amongst all G20 Nations, to take concrete steps in the post Covid World. While all countries are focusing on taking optimal steps for Post Pandemic recovery of their economies, the necessity of looking at collaborative and combined efforts for working towards synchronized and synergized economic development across nations, imbibing the principles of collaboration and cooperation assume critical importance.
With India’s emphasis on world as One Family, as a cornerstone of its Presidency, it is time to look forward to adoption of sustainable and positive steps enabling economic development across all countries and all income groups within a country.
The writer is Principal Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), M/o Commerce and Industry