Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru this week to tackle myriad challenges to global growth and stability, including stubbornly high inflation and surging debt.
India is hosting the G-20 financial conclave for the first time in 20 years. Later in the year it will convene its first summit of G-20 economies. The meetings offer the world’s second most populous country a chance to showcase its ascent as an economic power and its status as a champion of developing nations.
As host of more than 200 G-20 meetings in 28 cities leading up to the summit in November, Modi is expected to use that role to burnish India’s stature as a leader in fighting climate change and to act as a bridge between the interests of industrialized nations and developing ones. “The tough conditions at the macroeconomic level have somewhat eased but inflation rates are still high. In this situation coordination among major economies is vital,” Ajay Seth, a senior Finance Ministry official, told reporters Tuesday in Bengaluru.
In countries like India, it’s seen as a counterbalance to gatherings of wealthier economies such as the Group of Seven. But a slew of other countries have seen their finances deteriorate in the past year, including India’s neighbor Sri Lanka and others in Asia.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Previews, picks for Wednesday’s 2023 boys basketball Group 1, Group 3 quarterfinalsCheck out breakdowns of every game as well as our picks in each contest.
Weiterlesen »
Cointelegraph 2023 Top 100: Diving into the top 10The line between hero and villain is sometimes blurred in the crypto world, but Cointelegraph’s Top 100 is here to set the record straight. Find out who made our top 10, and prepare for some drama!
Weiterlesen »
Update: AB6IX’s Park Woo Jin Is On Top In Confident “Top Tier” MV TeaserUpdate: AB6IX’s Park Woo Jin Is On Top In Confident “Top Tier” MV Teaser
Weiterlesen »
As production surges Uinta crude now clogs Indian CanyonSpurred by soaring commodity prices, production has grown to more than 135,000 barrels a day, increasing the revenues coming into Utah state coffers.
Weiterlesen »
'The Night Manager' Clip Shows Aditya Roy Kapur and Anil Kapoor Meeting in the Indian RemakeA new clip for the Indian adaptation of TheNightManager shows Aditya Roy Kapur and Anil Kapoor meeting for the first time.
Weiterlesen »
Indian shares set for muted start amid caution ahead of Fed minutesIndian shares are set for a muted start on Tuesday as investors await the U.S. Federal Reserve's latest monetary policy meeting minutes to gauge the central bank's future rate-hiking path.
Weiterlesen »