India has suggested a worldwide legal framework for ease of doing business at the G2o with an emphasis on opening up of trade and investment to drive growth.
Image source: freepik.com
With a focus on promoting trade and investment to drive growth, India has proposed a global legal framework for ease of doing business at the G20.
In addition to this, G20 sherpas support African Union’s inclusion in the first draft amended declaration, to be addressed at the Indian presidency’s third meeting. PM Modi proposed its inclusion in the membership in a letter to all G20 heads of state, and it is included in the draft declaration that was sent to the sherpas.
The three-day conference of the G20 sherpas, which starts here on Thursday, will include discussions on a worldwide framework for crypto assets and steps to overhaul the multilateral development banks.
In order to promote global value chains that can help medium-sized and small businesses in the G20 countries, India has advocated risk reduction. India focuses on calibrated monetary and fiscal policies for global economic stability and rapid, inclusive, sustainable, and resilient growth.
New Delhi’s summit aims to prioritize economic measures in the Ukraine-Russia conflict, with over 120 delegates attending a sherpa conference and co-authoring the Leaders Declaration.
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