Germany presents goals of its G20 Presidency in Delhi

In the run-up to the G20 Summit under Germany`s Presidency in Hamburg in July, the German Embassy organised an interactive session on 31th March to facilitate an exchange of information and perspectives on the current Presidency’s goals and deliverables. The emphasis was on the G20 Finance Track. German and Indian stakeholders discussed the key issues such as strengthening economic resilience, taking advantage and mitigating risks of digitalisation in the financial sector,  improving investment conditions in Africa, making taxation fair and reliable, strengthening the international financial architecture, and fostering financial market stability.

Dr. Corinna Fricke, acting Deputy Head of Mission, German Embassy, made the opening speech. Andreas Lux, German Ministry of Finance, gave an overview of the G20 Presidency´s programme and results so far. This was followed by a presentation by Jayant Narlikar, Indian Ministry of Finance. He commented on the German programme and added the Indian perspective. The frank and focused panel discussion comprising both the speakers as well as YES Bank`s chief economist, Dr. Subhada M. Rao, and the Director of the National Institute of Public Finance and Policy, Dr. Rathin Roy, showed broad support for Germany´s goals and deliverables and underlined the importance of international cooperation.  Some concerns were expressed about risks of protectionism. German and Indian participants voiced their strong support for an open multilateral trading system. All sides agreed that G20 remains an important forum for finding common ground for countries with different backgrounds and interests. This interactive session and the panel discussion was initiated and moderated by Pranab Dhal Samanta, National Affairs Editor, The Economic Times.

The event was well attended by experts from diverse fields such as representatives of government, think tanks, political foundations, business associations, G20 embassies, international organisations and media.