Govt's priority is to tame inflation, says FM Nirmala Sitharaman at B20 Summit
Nirmala Sitharaman while addressing the B20 Summit on Friday.
«Obsession to use interest rates as the only tool to deal with inflation and not manage the supply side factors will not
give a complete solution,» Sitharaman said.
The finance Minister touched upon various topics and talked about how India's economy speaks for itself and global investors want to come to such a destination.
«We have democracy, freedom of speech and we have no problems with those who criticise the govt,» said Sitharaman.
Focusing on investments in health and education is key, she said in her speech.
Every segment of Indian economy is on the move and wants to grow, said Sitharaman.
«The initial doubts people have had about India's Aatmanirbharta have been quelled. We are focusing our approach in building an Aatmanirbhar bharat but essential imports will not stop,» she added.
«We need to cushion us sufficiently against any possible shocks; need to diversify supply chains quickly,» she added.
In her address, she also said, the government has adopted a transparent methodology to ease compliance burden and ensure speedy decisions.
On Foreign direct investments, she said, «India stands as an attractive destination for FDIs.»
«India's DPI has been welcomed by every country, lauded by many G20 countries,» she added.
Touching on climate, she said, «Financing climate is key factor for sustaining global economic recovery.»
The Business 20 (B20) is the official G20 dialogue forum with the global business community.
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