India has reaffirmed its steadfast commitment to inclusive, sustainable and innovation-led development of the Global South.
FinTech BizNews Service
Mumbai, July 5, 2025: India has reaffirmed its steadfast commitment to inclusive, sustainable and innovation-led development of the Global South. “To ensure that the Global South plays a pivotal role in discussions about issues impacting them, India’s efforts led to the landmark inclusion of the African Union as a permanent member of the G20, said Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs.
in her statement at the 10th Annual Meeting of Board Governors of New Development Bank in Rio de Janeiro, Brazil, FM Sitharaman said: “As we strive towards the 2030 Agenda, the financing gap for Sustainable Development Goals (SDGs) in developing countries has widened to over $4.2 trillion annually post-pandemic, reflecting the widening gap between ambition and reality.
“Indian economy has demonstrated remarkable growth and resilience in the post-pandemic era. Strong focus on macroeconomic stability, targeted efforts to promote digitalization and inclusive policy design have been instrumental in achieving this, despite facing multiple domestic and external challenges. India is poised to remain one of the fastest growing economies globally in the coming years, stated Smt Sitharaman in her statement at the 10th Annual Meeting of Board Governors of New Development Bank in Rio de Janeiro, Brazil.
