Ensuring the benefits and equitable redistribution of recent global economic growth is a challenge, Special Secretary Dinesh Sharma today said.
Ensuring the benefits and equitable redistribution of recent global economic growth is a challenge, Special Secretary Dinesh Sharma today said.
"Though there has been recent positive momentum in global economic growth, the challenge is to ensure that this momentum is maintained and the benefits of growth are redistributed effectively and equitably," an official statement quoted Sharma as saying.
He was making his opening remarks at the meeting of the G-20 Framework Working Group (FWG) in Varanasi (Uttar Pradesh).
The statement further said G-20 Framework Working Group (FWG) discussed the current state of the global economy as well as G-20 agenda on inclusive growth and reports on strong, sustainable and balanced growth & G-20 enhanced structural reform agenda, among others.
The third meeting under the G-20 German presidency was co-hosted by the Department of Economic Affairs, Finance Ministry and the Reserve Bank of India (RBI) in Varanasi on March 28-29.
The G-20 FWG is one of the core working group of G-20 and deliberates on matters related to global economy and on the policy co-ordination that is required between the major economies of the world to face global economic challenges.
India co-chairs this group with Canada.
According to the statement, the Canadian co-chair of G-20 FWG Paul Samson drew the attention of the delegates on the three core areas of the discussion which were: The IMF work on G-20 mandate on strong, sustainable and balanced growth; the OECD work on G-20 structural reform agenda and G-20 agenda on inclusive growth.
Since the inception of the FWG in 2009, this is the fourth occasion India is hosting this meeting.
Previously, India had hosted the G-20 FWG meetings in Neemrana, Rajasthan (2012 with Mexico at the helm), Goa (in 2014 under Australian presidency) and Kerala (2015 under Turkish leadership).
The 4th meeting of G-20 FWG meeting under the German Presidency will be held in Buenos Aires, Argentina.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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