Union Finance Minister Smt. @nsitharaman, Governor for India in @ADB_HQ, participated as a panelist in the Governors' Seminar on the theme 'Policies to Support Asia's Rebound', held as part of 56th #ADBAnnualMeeting, in Incheon, South Korea, today. @IndiainROK
(1/11)
Besides FM Smt. @nsitharaman representing as Governor for India, Ms Sri Mulyani Indrawati, Indonesia; Mr Niels Annen, Germany; Mr Changyong Rhee, Republic of Korea; & @ADBPresident and Chairperson of the Board of Directors also participated. @IndiainROK
(2/11)
FM Smt. @nsitharaman stated that protection of vulnerable sections has been India's prime focus as the government charted its course towards #recovery from the #COVID19 Pandemic. @IndiainROK
(3/11)
Finance Minister Smt. @nsitharaman highlighted that India's focus on #MSMEs and ensuring #FoodSecurity has been instrumental in Indian economy's successful recovery out of the #COVID19 Pandemic. @IndiainROK
(4/11)
FM Smt. @nsitharaman laid out the elements in the form of four 'I's that are essential for long-term sustainable growth for both Advanced and Developing economies:
✅Infrastructure
✅Investment
✅Innovation
✅Inclusivity
@IndiainROK
(5/11)
FM Smt. @nsitharaman espoused the idea of democratisation of enterprise & underlined the need for entrepreneurial skills to be a lot more widespread & democratised within the country so that no one misses out on the skill sets. @IndiainROK
(6/11)
Emphasising the need to upskill labour as a pre-requisite to achieve industry 4.0 in full measure, FM Smt. @nsitharaman said that to harness power of our youth, policy makers need to design layers of economy that will be labour intensive. @IndiainROK
(7/11)
In context of food security, the Finance Minister raised concern over the disparity in treatment of #EmergingMarkets vis-à-vis #DevelopedCountries since the WTO regime trade agreements have tended to be lopsided. @IndiainROK
(8/11)
FM Smt. @nsitharaman also called for WTO to renew focus on trade in agricultural products,recognising that subsidies will be essential for #DevelopingEconomies as they attempt to recover from the effects of the #COVID19 pandemic. @IndiainROK
(9/11)
During the seminar, the Finance Minister also highlighted India's systemic reforms facilitated by Digital Public Infrastructure #DPI, enabling timely conditional cash transfers when it was most needed. @IndiainROK
(10/11)
Going forward into #AmritKaal, FM Smt. @nsitharaman emphasised that India's focus on #CapitalExpenditure will not only benefit semi-skilled population, but also help explore #KeySectors beyond agriculture, manufacturing and services. @IndiainROK
(11/11)
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