NEW DELHI: India’s focus at the G20 summit in China next month will be on boosting global structural reforms to generate jobs, spur inclusive growth and other issues relating to the USD 100 billion climate financing committed by developed nations, Shaktikanta Das, Economic Affairs Secretary, said on Friday.
The high-profile meeting of the world’s 20 biggest economies in the Chinese city of Hangzhou from September 4 to 5 will be attended by Prime Minister Narendra Modi, US President Barack Obama and other world leaders.
The BRICS summit in Goa in October will discuss a proposal to set up a rating agency for the five-member bloc on the lines of US-based rating agencies, said Das.
Many countries are undertaking structural reforms and India’s emphasis is to appeal to the world community to continue with reforms “because that is only way you can revive global growth,” Das said.
While the Parliament has adopted the GST, the bankruptcy law was also enacted. The Aadhaar Bill also mandate the financial backing for disbursements of subsidies and other government assistance directly to people. It plugs a lot of leakage, he said.Added to that is ease of doing business, process simplifications, auction of natural resources, he said.