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FM Sitharaman discusses India’s conscious policy choices at USIBC meet

Minister shared India’s conscious policy choices and structural and governance reforms at the meet.

Union Finance Minister of India Nirmala Sitharaman at roundtable meet with business leaders and investors. Image - Twitter/ Ministry of Financ

Finance Minister of India Nirmala Sitharaman attended a roundtable meeting with business leaders and investors, co-hosted by the Confederation of Indian Industry (CII) and US-India Business Council (USIBC) in the US Chamber, Washington DC on April 10, 2023.

The Minister is on an official visit to the USA to attend the Spring Annual Meetings of the IMF-World Bank. Additionally, during the visit, the Minister will attend G20 meetings, Investor/ bilateral meetings, and other associated meetings from April 10 to April 16, 2023, in the World Bank Group (WBG)  and The International Monetary Fund (IMF) Headquarters in Washington DC.

In her address to the executive roundtable, she shared India’s conscious policy choices and structural and governance reforms that laid the foundation for the Indian economy to support growth at its full potential, according to the Ministry of Finance.

She cited the impact of digitalization and economic formalization at length, stating that due to its achievements in transitioning to digital payments and integrating the informal sector, India meets the requirements of a fair transparent economy, according to a statement.

Indian Ambassador to the US, Taranjit Singh Sandhu who accompanied the Minister, in his message to the roundtable said, “India is committed to multi-stakeholder engagement. We are trying to be a voice not only for the people who are in the room, but those who are outside of it. The G20 is touching all stakeholders.”

The discussions were moderated by President USIBC Atul Keshap, who said "Our members are optimistic that continued momentum can yield more concrete results in the ease of doing business and improving India’s investment environment."

The roundtable was attended by Chief Economic Advisor Dr V Ananth Nageswaran, senior Indian officials and business leaders from across key sectors including investors and representatives of pension and endowment funds, the statement added.