'India's G20 presidency highlighted MSMEs' importance in growth'

A momentum must be maintained on the policy guidance of the New Delhi Leaders' Declaration by not only engaging with G20 nations but also exploring ways to integrate the outcomes into India's domestic policymaking, finance minister Nirmala Sitharaman said on Monday, underscoring importance of integrating micro, small and medium enterprises (MSMEs) with international trade for global prosperity.

- Rajeev Jayaswal

"On December 1, 2022, when India assumed the mantle of the G20 presidency, Hon'ble Prime Minister wrote, and let me quote his words, 'Can the G20 go further still? Can we catalyse a fundamental mindset shift, to benefit humanity as a whole?" Throughout this presidency year, this call from the Prime Minister was the clarion call for India's G20 presidency," Sitharaman said at a seminar on 'Strong, Sustainable, Balanced and Inclusive Growth' in New Delhi.

Concerted efforts were made at the G20 summit to realise the vision of Modi, which involved addressing aspirations of the Global South, she said. The seminar was organised by the finance ministry in association with ministries of commerce and industry, labour and employment, and skill development.