All countries must progress to bring the global economy back on track: Indian Finance Minister Sitharaman

New Delhi: – Indian Finance Minister Nirmala Sitharaman claimed that for the long-term recovery of the global economy, all countries must work together to make progress. Finance Minister Sitharaman made the statement during a virtual meeting of the G20 International Seminar on the global economy against the background of Coronavirus. The G20 is known as the group of the world’s developed and emerging economies.

This year, Indonesia is chairing the G20, and a meeting of finance ministers of the member countries was held in Bali. On this occasion, Finance Minister Sitharaman expressed an opinion that the participation of various countries and collective action is needed to revive the global economy. At the same time, inclusiveness, investment, and research are essential factors for the economy. The Finance Minister of India also stressed the importance of getting affordable vaccines and treatment for all in the context of the Coronavirus pandemic.

She also clarified India’s role in the coronavirus vaccination campaign. India has so far managed to deliver 1.25 billion vaccines in the country. At the same time, more than 72 million doses of vaccines have been supplied to about 90 countries worldwide, said Finance Minister Sitharaman. At the G20 meeting on Wednesday, Commerce Minister Piyush Goyal had claimed that India would produce five billion vaccines by 2022.

The Indian Finance Minister pointed out the need to invest in infrastructure projects to revive the global economy. At the same time, the eco-friendly investment will be an important factor and the G20 should play an active role in green technology, she said.

The Coronavirus has hit the global economy hard and forced many economies into a recession like situation. The new variant of the Coronavirus is posing a challenge again, while most economies are trying to get out of the economic crisis. At the same time, India is emerging as the fastest-growing economy globally. Against this backdrop, the stand adopted by the Indian Finance Minister in the G20 is significant.