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Intervention by the Union Finance Minister Shri Arun Jaitley at the G20 Finance Ministers and Central Bank Governors Meeting on ‘Global Economy and Framework for Strong, Sustainable and Balanced Growth’ as Lead Speaker in Washington D.C. yesterday;

News and Press Release - Dated:- 15-4-2016 - Press Information Bureau Government of India Ministry of Finance 15-April-2016 12:26 IST Calls for need to articulate an effective and tangible policy response by the countries to revive the trade engine o .....

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sters and Central Bank Governors Meeting on Global Economy and Framework for Strong, Sustainable and Balanced Growth as Lead Speaker in Washington D.C. yesterday: Our individual and collective efforts to restore growth back to pre-crisis levels have .....

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rd revisions.[1] (See Foot Note at end) India has consistently recorded the highest growth figures in the world for the last three quarters. We expect this momentum to continue, assuming a normal monsoon. That being said, the fading impact of lower i .....

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lenges through various policy measures. The key downside risks which could derail the fragile global recovery are - weak demand, tighter financial markets, softening trade and volatile capital flows. India has always emphasized the need for globally .....

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d create necessary space for manufacturing activity in other countries. Further, we feel that the efficacy of monetary policy instruments has reached its limits and that its pass through has not been seamless. The time is ripe for a re-evaluation of .....

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e engine of the global economy. Countries must avoid trade protectionist measures, and refrain from competitive devaluations. We should also take note of the asymmetry in the global financial safety net. While advanced economies have access to swap l .....

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ersight needs to be augmented, including through new financing mechanisms. Framework for Strong, Sustainable and Balanced Growth At the Framework Working Group (FWG) meeting in Paris last month, the growth strategy process for 2016 was launched. This .....

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wever, is regarding the approach to be adopted for formulating the G20 Structural Reform Indicators. While some of the members are of the view that a top down approach has to be formulated, India, along with other members, believes that we need a cou .....

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