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India Developing Rapidly Due To Science And Innovation: Tomar

The two-day meeting of the first international financial architecture working group of G-20 was inaugurated in Chandigarh by Union Minister Narendra Singh Tomar and Food Processing Minister Pashupati Kumar Paras

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India is developing rapidly with science and innovation, both of which are deeply connected with the future of the nation, said Union Agriculture Minister Narendra Singh Tomar in Chandigarh on Monday. 

He said that we have leveraged technology to create the digital public infrastructure. 

"We have been a significant contributor to financial inclusion in global healthcare and the move to sustainable energy while people-centric development is the basis of our national strategy," Tomar added. 

The minister said that India's chairmanship of G-20 is a proud moment for all our citizens and we are well aware of the responsibilities that come with this historic occasion. 

"Today the world is facing many complex challenges, which are deeply interlinked and are not defined by boundaries alone," he asserted. 

He also said that the challenges being faced are global in nature and require global solutions, therefore the world community today needs to push more towards globally coordinated policies and actions. 

"There is also a need for a renewed faith in multilateralism. Our nation, which is fully committed to democracy and multilateralism, is poised to demonstrate not only multidimensional development but is also ready to display universally recognised power," Tomar mentioned. 

He also added that it is not surprising that India was described as a beacon in a fragile world at the recently held World Economic Forum (WEF) meeting and India's commitment to climate goals and return to the post-Covid development path has been lauded by one and all.

Tomar said that India is ready to fulfil the responsibility given to it. We will be happy to share our template of the development model, so also we look forward to learning from all. 

"Through our priorities and outcomes this year, through deliberations, we aim to find practical global solutions. In doing so, we also take a keen interest in amplifying the voice of the developing countries," he stated. 

Tomar said that we cannot leave anyone behind now. Through our inclusive, ambitious, action-oriented and decisive agenda of the G-20, we aim to express the true spirit of our goal, - 'Vasudhaiva Kutumbakam'.

Referring to the exemplary contribution of this group in providing aid to the most vulnerable and low-income developing countries in recent years, he said the measures taken to alleviate the rising insecurity over credit flow are particularly noteworthy. 

The growing momentum regarding efforts will continue during India's chairmanship in 2023. The group will also consider how we can leverage the group’s comfortable position to redesign global and financial governance. 

Under the chairmanship of India, the group will try to find out how to better equip the multilateral development banks, the major catalysts of development, to meet the global challenges of the 21st century, he added.